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19th November 2013

Methanol Daily
(Asia Pacific)
Editor: Heng Hui, hui.heng@icis.com (Northeast and Southeast Asia); Fahima Khail, Fahima.khail@icis.com (India) SPOT PRICES Click for Price History CFR CHINA EX-TANK EAST CHINA EX-TANK SOUTH CHINA EX-TANK INDIA (KANDLA) CFR SE ASIA MAIN PORTS USD/MT CNY/MT CNY/MT RS/KG USD/MT n/c +30 +10 -0.25 n/c Price Range 445-500 3400-3550 3560-3600 33.75-34.50 550-575 n/c +30 n/c -0.25 n/c

NOTE: for full details on the criteria ICIS pricing uses in making these price assessments visit www.icispricing.com and click on methodology. China methanol import prices stable despite tight supply China's methanol import prices were assessed as stable. Fundamentally, little has changed in the market. Offers remained limited, while buying interest continued to support prices. A trader said its buying ideas for Group 1 cargoes were at $470-480/tonne CFR China for December arrival. It added that if it were in a position to sell, its selling notions would be at above $500/tonne CFR China. A separate trader said it did not have any Group 1 spot cargoes to sell at this point, but expressed buying ideas at $490-510/tonne CFR China for December arrival. However, a China-based trader said none of its customers would be willing to buy at above $500/tonne CFR China. The trader added that it offered Group 2 cargoes on a premium basis of 2% to CFR China spot publication prices, but was met with buying ideas at 0.5% premium for 5,000-10,000 tonnes of material, arriving in December. Its fixed-price selling notions for Group 2 caroges were at $475-480/tonne CFR China. End-users said that prices have become unworkable and therefore would only purchase at the lower end of the published price range, if they had to. Meanwhile, prices in the Chinese domestic market were assessed as stable to firm. Prices in the east increased because of low inventory on the back of rising prices in inland China. Prices in south China were stable to firm because of tighter supply. Southeast Asia Southeast Asian methanol import prices remained unchanged to the previous assessment, despite limited spot supply. A trader said it was still very hard to find spot volumes and expressed buying ideas at $575-580/tonne CFR SE Asia for December arrival. It added that if it were in a position to sell, its selling notions would be at $600/tonne CFR SE Asia. A buyer was bidding cargoes bound to southeast Asia at $550560/tonne CFR SE Asia. The southeast Asian market remains tight, with limited spot cargoes available to buy or sell. Market participants said the prices in the region have even surpassed the European price level, which is usually higher than Asia. On 15 November, European deals for November loading were done at 395397/tonne FOB Rotterdam, while December transactions were traded at 395/tonne. A buyer said the recent price increases in the southeast Asian market has become lucrative again for suppliers outside the region to place their spot cargoes, but the price is still too high for buyers in the region. The buyer added that it received offers for cargoes of Russian origin at $620630/tonne CFR SE Asia, but declined as it was deemed too high. India Domestic cargoes were traded at Indian rupees (Rs) 33.7534.50/kg ex-tank on 19 November. Market participants said the supply situation seemed to soften, with several suppliers trying to sell at lower prices before the storage date expiration this month. Covering editor: Fahima Khail ($1 = Rs62.72) ($1 = CNY6.09) ($1 = 0.74)

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Methanol Daily (Asia)

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Copyright violation is a serious offence. Any distribution or forwarding of information which is not expressly permitted by your subscription agreement is a copyright violation. ICIS pricing will be using software to monitor unauthorised electronic redistribution of reports. Copyright 2013 Reed Business Information Limited. ICIS pricing is a member of the Reed Elsevier plc group.