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Price Assessment

Platts Asia Methanol Assessments

  • What is Asian Methanol price assessment?
  • How we assess Asian Methanol price
  • Platts Asian Methanol Daily Commentary

What is Asian Methanol price assessment?

As well as the daily CFR China methanol assessment, Platts assesses the daily CFR Southeast Asia ($/mt) spot methanol reflecting cargoes for delivery 20-40 days forward from the date of publication, with cargo size within 2,000-5,000 mt. Quality specifications are minimum purity of 99.85%; maximum water content of 0.1% by total weight; maximum ethanol content of 50 parts per million (ppm).

Price assessments are complemented by a daily commentary and rationale, which explain how the price assessment is reached and delves into the market fundamentals observed through the day.

How we assess Asian Methanol price

Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4.30 pm Singapore time).

All the information used to inform the assessment is published transparently on Platts' platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.

A daily market commentary accompanies the price assessments and rationale, which highlights the most important trends that have affected the markets that day and provides insight into what the market expects over the coming weeks.

Platts Asian Methanol Daily Commentary

  • Discussions in South Korea, SE Asia pick up
  • Sentiment in China mixed

Asian methanol prices in South Korea and Southeast Asian firmed up in the week ending July 3 on prompt spot demand.

In Southeast Asia, a trade for a 3,000-mt parcel for delivery to the Thai port of Map Ta Phut was heard done at a 0.5% premium to formula price. The buyer needed another 3,000 mt and showed keen interest at $195/mt CFR Map Ta Phut, while a seller did not want to budge from his selling indication at $200/mt CFR Map Ta Phut. The impasse meant that no trade was concluded on July 3.

Spot demand in South Korea also picked in the week ending July 3. A buyer needed 10,000 mt of methanol for delivery to its end-user in August and was prepared to bid at $190-$195/mt CFR Korea. However, Middle East suppliers deemed his bid as too low as they could get better value elsewhere.

Sentiment in the Chinese market was mixed in the week ended July 3. Domestic production in China had reduced, not insignificantly, last month. Domestic prices found support this week even though demand remained tepid, trade sources said. The inventory at China's eastern ports increased 1.18% on the week to 1.24 million mt, capping the upside in prices.

Earlier in the week, a non-sanctioned parcel of 10,000 mt was traded at $170/mt CFR China, and a similar-sized, non-sanctioned parcel was heard traded at parity to formula prices.

Methodology and Specifications

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