Date: April 24 - On April 23, methanol overseas market closing prices recorded an upward trend: CFR Southeast Asia methanol market closed at USD 648-650 per metric ton. The FOB US Gulf methanol market closed at 178-180 cents per gallon, up 1 cent per gallon; the European FOB Rotterdam methanol market closed at EUR 525-527 per metric ton, up EUR 1 per metric ton. According to Chempricehub’s assessment, the methanol bullish-bearish rating stands at +1.

Overseas methanol markets in Southeast Asia, the United States, and Europe broadly rose, with FOB US Gulf up by 1 cent per gallon and European FOB Rotterdam up by EUR 1 per metric ton. This reflects stronger international demand or tightening supply, providing favorable support to methanol spot prices and indicating that domestic spot prices are expected to follow an upward trajectory. Combined with methanol MA futures data, the main contract 2609 closed at CNY 2,879 per metric ton, up CNY 26, with trading volume of 781,348 lots and open interest increasing by 6,232 lots, signaling strong bullish sentiment in the market. Buoyed by overseas markets, futures prices are expected to sustain their rally. Therefore, the rating is +1 (generally positive).