Jiangsu Taicang methanol early market basis weakens

Futures rebound again, and the basis in the Taicang, Jiangsu methanol market weakened in early trading. As of the time of publication, during the morning open, Taicang spot traders discussed 3,240–3,300 yuan/ton; the basis offers were at +90 to +100 yuan/ton, with small orders for high-end supplies. On the 4th, basis negotiations were at 05+100–05+110 yuan/ton. On the 5th, negotiations were at +50 to +80 yuan/ton. (Longzhong Information)