India Methanol: Falling $1/mt amid low buying interest / Ex-tank Prices Slip amid Increased Selling Pressure / Weak demand and abundant supply impact fundamentals / Wide gap in buy-sell affects discussions on non-sanctioned cargoes

Sep 30, 2024

The fundamentals of the India methanol markets remained negative on Sept. 27, amid expectations that several Iranian shipments were scheduled to arrive in October. For readers tracking methanol price india, the latest Ex-tank and CFR India signals point to weak buying interest, ample supply and lower local discussions. A trader said that there was ample Iranian supply in October and the November availability will be known by mid-October. The trade discussions for October-loading cargoes were conducted at a discount between 0-1% of the CFR India formula. However, there were few discussions on non-sanctioned origins due to a large buy-sell difference. "[There is] no demand. "No one is asking for the product," said a Saudi producer. He added that Indian importers were in a good position because of ample supplies from...

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