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Dec Chinese methanol prices marginally down from year ago
04 Jan '13
1 min read
Methanol prices in China were assessed slightly down in December, 2012 as compared to the same period of the previous year.
Prices were hovering around US$ 355-375/ton CFR China in December 2011 whereas prices were assessed in the range of US$ 355-360/ton in December 2012.
Prices witnessed 1% to 3% increase in the first quarter of 2012 and 1% to 6.5% hike in Q2, due to strong support from the downstream market. However, prices started declining in the third quarter and went down by 1.5% to 2.5% m-o-m.
Prices showed mixed trend in the fourth quarter of the year and increased by around 1.4% initially, were stable in the mid of the quarter and went down by similar percentages in December 2012.
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