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Methanol prices plunged on bearish market

Methanol prices have decreased on bearish demand sentiments from end users also in China market is moving with soft velocity on account of upcoming Lunar New year holiday.

Today domestic methanol prices were evaluated at the level of Rs 28.5/kg at Kandla and Mumbai port.
This week CFR India and CFR China methanol prices were assessed in the range of USD 357-377/MT and 380-400/MT respectively.