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Methanol prices plunge 21% in China weekly chemical market decline

Methanol posted the steepest decline among chemical products in China for the week, falling 21.23%, as the broader SW base chemicals index dropped 7%.

Methanol prices plunge 21% in China weekly chemical market decline

Methanol recorded the largest price decline among major chemical products in China for the week, falling 21.23%. Methanol China CFR prices also dropped 12.23%. The declines came as the SW base chemicals industry index fell 7% week-on-week to 3,869.12 points as of Oct. 16. Other decliners included black tungsten concentrate at -17.48%, industrial-grade lithium carbonate at -16.1% and oxalic acid at -15.03%.

Source: Huachuang Securities / Sina Finance

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