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As far as feedstock is concerned, Ammonia supply continues to be adequate from agriculture-related sources across all major producing regions. The production levels for ammonia by Northern China are also stable, as Shandong and Hebei ammonia producers have reported consistent production levels. Additional Ammonia availability across Northern China was attributed to the restart of production at various ammonia production facilities in both Anhui Province and Jiangsu Province. While some production in Shaanxi Province has been somewhat disrupted as a result of emission testing, Methylamine manufacturers have not experienced significant upward price pressure due to continued inflows of Ammonia into both Northwestern China and Inner Mongolia from other sources.

The fundamentals of methanol did not provide any significant support to the market due to the fact that China is experiencing a large imbalance in the supply of methanol relative to its demand. Operating levels of all manufacturers...