On January 9th, the closing prices of the methanol offshore market declined: CFR Southeast Asia methanol market closed at $321.5–322.5 per ton. FOB U.S. Gulf methanol market closed at 87.5–88.5 cents per gallon; Europe FOB Rotterdam methanol market closed at €258.5–259.5 per ton, down by €1 per ton. PriceSeek analyzed methanol with a long-short score of -1. The article reported a decline in methanol offshore market prices, with CFR Southeast Asia, FOB U.S. Gulf, and Europe FOB Rotterdam all showing downward trends, particularly the European market, which fell by €1 per ton, reflecting weak global methanol demand or increased supply. This will exert downward pressure on domestic methanol spot prices, as lower import costs may increase supply and suppress spot prices. Combined with methanol MA futures data (e.g., the main contract 2605 closing price at 2,273 yuan per ton, settlement price at 2,245 yuan per ton, up by 2 yuan per ton on the day), the negative offshore news may offset short-term domestic upward momentum, increasing the risk of future price corrections and exerting a generally bearish impact on futures prices.
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