dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!

SGX Launches Methanol Futures And Swap Contracts

  • February 24, 2020
Total
0
Shares
0
0
0

Singapore Exchange (SGX) launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol.

The SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures will both be listed with 12 consecutive contract months, starting from 24 February 2020.

Methanol is used predominantly as feedstock for olefins and formaldehyde production, as well as in direct fuel blending. In recent years, environmental concerns has led to the use of cleaner products and methanol-to-olefins plants. China’s apparent demand for methanol grew by nearly 17% year-on-year to 69.3 million metric tonnes (MT) in 2019, on the back of sharp growth in the petrochemical and downstream manufacturing sectors. Platts’ CFR China index has similarly grown in stature with nearly 10 million MT of imports in 2019.

William Prajogo, petrochemical product manager at SGX, says, “In today’s evolving market, international traders are seeking more transparency and better price-discovery and risk-management tools to hedge methanol prices and exposure. We are pleased to be working with Platts, which has a widely accepted benchmark for the physical market for methanol. The launch complements and broadens our other petrochemical products, which now serve as key offshore tools for forward price discovery. Across our petrochemical suite, we have seen a 100% compound annual growth rate every year for the past four years and we are expecting this trend to continue this year.”

Shelley Kerr, Global Head of Petrochemicals Markets, S&P Global Platts, says, “Methanol is an increasingly important component used in various supply chains, forecast to grow strongly alongside China – the largest importer of methanol globally. S&P Global Platts’ daily CFR China methanol assessment provides a physical pricing benchmark to major market participants in Asia. As an independent price reporting agency, we welcome the role we play in providing data and information services to our customers, and bringing increased transparency to the Asian methanol markets.”

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Methanol
  • SGX
  • Singapore Exchange
dotlah.com

Previous Article
  • Lah!
  • Technology

ST Engineering’s JV Announces Securitisation Of 30 Aircraft Engines

  • February 24, 2020
View Post
Next Article
  • Cities
  • Environment
  • People

Is Your City Making You Fat? How Urban Planning Can Address The Obesity Epidemic

  • February 24, 2020
View Post
You May Also Like
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024
dotlah-singapore-ndp-2024
View Post
  • Lah!

Here’s what to expect for NDP 2024!

  • dotlah.com
  • August 9, 2024
dotlah-singapore-airlines_may_21-1716298816
View Post
  • Lah!

Severe turbulence during Singapore Airlines flight leaves several people badly injured. One man died

  • majulah
  • May 22, 2024
dotlah-pm-lee-lawrence-wong-9656d4cd-1fa4-40ed-905d-e19e639b8476_728802dd
View Post
  • Lah!
  • People
  • Politics

End of Lee Era for Singapore as PM Steps Down

  • dotlah.com
  • May 16, 2024
DPM Lawrence Wong will be Singapore's fourth prime minister on May 15. ST PHOTO: LIM YAOHUI
View Post
  • Lah!
  • People
  • Politics

7 things to know about Singapore’s next prime minister Lawrence Wong

  • dotlah.com
  • May 15, 2024
When asked about his leadership style, DPM Lawrence Wong said he will be open and consultative, but he will not shirk from doing what is necessary for Singapore's future. ST PHOTO: LIM YAOHUI
View Post
  • Features
  • Lah!
  • People
  • Politics

‘We are prepared to relook everything’: Lawrence Wong on a changing society and his hopes for S’pore

  • dotlah.com
  • May 15, 2024


Trending
  • 1
    • Cities
    • Lah!
    OCBC Bank, Partnering With Eco-Business, Launches OCBC Climate Index To Measure Environmental Sustainability Awareness And Climate Action In Singapore
    • August 19, 2021
  • 2
    • Cities
    • People
    Asian Countries Dominate Most Powerful Passport List For 2020
    • January 13, 2020
  • Globe 3
    • Economy
    • People
    • Politics
    • World Events
    This Century Will See Massive Shifts In The Global Population, Economy, And Power Structure
    • September 9, 2020
  • 4
    • Lah!
    Choose Your Own Adventure: Here Are 5 Ways You Can Celebrate Chinese New Year In Singapore
    • January 25, 2020
  • 5
    • Cities
    • Lah!
    CapitaLand And CDL To Launch CanningHill Piers, Tallest Residential Development Along The Singapore River
    • November 3, 2021
  • 6
    • Cities
    DBS Bank Provides SGD40 Million Loan Facility To Sembcorp Industries For Singapore’s First Single Large-scale Floating Solar Photovoltaic System
    • August 22, 2020
  • 7
    • Technology
    Singtel First To Offer 5G Speeds Of More Than 1Gbps On 3.5GHz
    • September 3, 2020
  • 8
    • Lah!
    Singapore’s GDP Contracted by 2.2 Per Cent in the First Quarter of 2020 As COVID-19 Continues
    • March 26, 2020
  • 9
    • Lah!
    Marketnode, An SGX And Temasek Digital Asset Venture, Announces Partners Ahead Of Key Product Launches
    • September 28, 2021
  • hospital-hallway-5979689_1920 10
    • Features
    • People
    Infection Prevention: Latest Trends In Hospital Sanitation
    • November 27, 2021
  • goswifties_la-defensa-arena_900 11
    • Featured
    Feel Pulse Of Paris. An Unmatched Concert Venue In La Défense.
    • May 10, 2024
  • 12
    • Cities
    • Lah!
    AVS Finalises Licensing Conditions For Pet Breeding And Boarding Industries, And Is Seeking Feedback For Dog Rehoming And Adoption Practices
    • October 9, 2021
Trending
  • 1
    Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore
    • June 20, 2025
  • 2
    A Father’s Day Gift for Every Pop and Papa
    • June 14, 2025
  • 3
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 12, 2025
  • 4
    Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design
    • June 11, 2025
  • 5
    It’s time to stop debating whether AI is genuinely intelligent and focus on making it work for society
    • June 8, 2025
  • 6
    PBBM asks Singapore to invest more in PH renewable energy projects
    • June 6, 2025
  • 7
    Singapore PM Wong arrives in Malacañang
    • June 4, 2025
  • 8
    Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong
    • June 4, 2025
  • 9
    Singapore businesses eye more investments in PH, says PM Wong
    • June 4, 2025
  • 10
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.