January 12th News: On January 9th, the closing prices of the methanol overseas market declined: the CFR Southeast Asia methanol market closed at $321.5–322.5 per ton. The FOB U.S. Gulf methanol market closed at 87.5–88.5 cents per gallon; the European FOB Rotterdam methanol market closed at €258.5–259.5 per ton, down €1 per ton. Chempricehub's analysis of methanol shows a bearish score of -1. The article reports a decline in methanol overseas market prices, with CFR Southeast Asia, FOB U.S. Gulf, and European FOB Rotterdam prices all showing downward trends, particularly in 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 of 2,273 yuan per ton, settlement price of 2,245 yuan per ton, up 2 yuan per ton on the day), bearish overseas news may offset short-term domestic upward momentum, increasing the risk of future price corrections and forming a generally bearish impact on futures prices.
Comments
0