Today methanol sentiment was sluggish in mid-east of Shandong market of E-China in the morning. Offers were quoted at Yuan 2,450-2,470/mt in local market, amid conclusions around Yuan 2,380-2,430/mt. Sales were reflected common as downstream buyers were cautious to purchase.
In south Shandong area, the market continued to slide down. Prevailing offers were reported at Yuan 2,400-2,420/mt, amid deal pricings around Yuan 2,400/mt. local market was under large inventory pressure due to worse sales.
Today’s exchange rate: $1= CNY6.8262
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