April 17th News: It is reported that all three units of Petronas (Units 1, 2, and 3) are currently operating normally. Chempricehub's analysis of methanol gives a long-short score of -1. The article mentions that the normal operation of Petronas Units 1, 2, and 3 indicates stable or increased methanol production and supply, which may lead to oversupply in the spot market and put downward pressure on prices. Combined with methanol MA futures data, such as the closing price of the 2605 contract at 3,188 yuan/ton (up 62.00 yuan), recent prices show strength. However, the news of increased supply reinforces future downside risks, exerting bearish pressure on futures prices and potentially dampening bullish sentiment.
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