Sinochem New Online News methanol methanol market in Asia this period is weak. In South Korea, dealers said that the market is slightly bullish, as prices in the Chinese domestic market are rising, with bids ranging from 330 to 335 USD (t price, the same below, CFR, Korea). It is reported that a transaction is concluded at the formula price. In China, the main topic of discussion is still the problem of insufficient storage capacity, and current inventory levels are high. It is reported that the inventory in East China is 450,000 tons, and in South China is 120,000 tons, which is about 30% to 40% higher than the normal level. The high inventory in China's coastal areas has inhibited the price increase. About 10,000 tons of cargo were sold at a price of 335 US dollars (CFR, China). The transaction price of domestic cargoes was 2,720-2,800 yuan (stock price increase), up by 20 yuan over the previous period. The export price was stable at 360-380 US dollars (FOB, China) and the transaction was deserted. In Southeast Asia, the trader's intent price is 330 US dollars (CFR, Southeast Asia). A regional manufacturer announced its April contract settlement price of 345 US dollars (CFR, Southeast Asia), and said that the number of cargo orders in May has increased. A 3,000-ton ship was sold at a price of US$345 (CFR, Indonesia). In India, the delivery price is 315-320 US dollars (CFR, India), the sales price is 10 US dollars higher than its intention, and is estimated to be 320-330 US dollars (CFR, India).

Glycol ethylene glycol prices in Asia continued to decline during the current period. China raised interest rates to control inflation, after which market sentiment weakened. On Wednesday, the price of ethylene glycol fell to a current low of $1,090 to $1,100. However, on the afternoon of Thursday, the rebound in the price of PTA** on the Zhengzhou Commodity Exchange led to a rapid rise in the spot price of ethylene glycol in the last two weeks. The downward trend started to stabilize and the market was calm. On Friday, the low offer disappeared. Most of the sellers return to the market, and the potential downtrend in the short term is expected to be limited because the prices of crude oil and raw material ethylene are firm. In the Chinese import market, last Wednesday, two shipments in April were sold at a price of US$1,090 (CFR, China's main port). The purchase price is 1070 to 1090 US dollars, and the sales price is 1100 to 1120 US dollars (CFR, China's main port). On the morning of Thursday morning, the trading price was expected to be 1080 to 1,100 US dollars (CFR, the main port of China), and the transaction price was 1090 to 1095 US dollars (CFR, the main port of China). In the afternoon, there was some recovery in market sentiment and the price rose to US$1105 to US$1110 (CFR, the main port of China). The rise in PTA** prices and strong crude oil prices on Friday triggered some of the ethylene glycol spot buying interest. The bid price rose to 1110 US dollars (CFR, China's main port), but did not attract the interest of the seller.

Diethylene glycol was supported by a large Northeast Asian manufacturer’s April contract settlement price and China’s domestic prices. The current diethylene glycol price in Asia rose slightly by US$10 to US$1200 to US$1210 (CFR, China’s main port). . On Friday, the price of diethylene glycol in China's domestic East China market was 9,150 to 9,200 yuan (store price increase), up 100 to 150 yuan from the previous period, but it was still lower than the three-month high of 10,700 to 10,800 yuan in early February. % or 1550 to 1600 yuan. Some end users returned to the market and purchased cargo to replenish stocks. However, end-users are still cautious in purchasing and are reluctant to increase inventory. They expect raw material prices to decline further. Spot market, regional and Middle East price of diethylene glycol cargo is 1210 US dollars (CFR, China's main port), the purchase price of intention to 1190 ~ 1200 US dollars (CFR, China's main port). It is reported that approximately 7,000 tons of cargo in Northeast Asia reached a price of US$1200-1205 (CFR China main port, spot L/C).

Octanol and n-butanol China's oxo-alcohol market remained stable in this period, although domestic phthalic anhydride prices rose due to tight supply and steady demand from Southeast Asia. This is the fourth consecutive week that prices in the Chinese market have remained generally stable. On Thursday, the prices of octanol and n-butanol were unchanged from the previous period, which were US$1,930 and US$1,720 respectively (CFR, China). The Southeast Asian market also remained stable, with octanol and n-butanol prices at US$ 1955 and US$ 1755 respectively (CFR, Southeast Asia). In China's domestic market, the prices of octanol and n-butanol are 14,700 yuan and 13,200 yuan respectively.