Futures fluctuate at low levels, with the spot basis in Taicang, Jiangsu, remaining stable in the early trading session, while the forward paper-to-spot basis strengthens. In the morning, Taicang spot negotiations are at 2180 yuan/ton, with a basis of -30 yuan/ton; second-month basis negotiations range from -15 to -23 yuan/ton; third-month negotiations range from +8 to +13 yuan/ton. (Longzhong Information)
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Jiangsu Market Methanol Prices Are Volatile
Futures fluctuate at low levels, with the spot basis in Taicang, Jiangsu, remaining stable in the early trading session, while the forward paper-to-spot basis strengthens. In the morning, Taicang spot negotiations are at 2180 yuan/ton, with a basis of -30 yuan/ton; second-month basis negotiations range from -15 to -23 yuan/ton; third-month negotiations range from +8 to +13 yuan/ton. (Longzhong Information)