On May 11 News: Methanol Overseas Market Closing Price Fluctuations on May 7

• CFR Southeast Asia methanol closed at $634-636/mt, down $5/mt.
• FOB US Gulf methanol closed at 167-169 cents/gal, down 1 cent/gal.
• European FOB Rotterdam methanol closed at €532-534/mt, up €3/mt.

Chempricehub Methanol Assessment: Bullish/Bearish Score: -1

Spot Market: Divergent trends were observed in overseas methanol markets, with prices declining in Southeast Asia and the US Gulf, while the European market saw a modest increase. Notably, CFR Southeast Asia methanol, a key reference for China's import costs, dropped by $5/mt, which will lower imported methanol costs and exert downward pressure on domestic methanol spot prices. The price increase in Europe offers limited support.

Futures Market: The main contract for methanol on the Zhengzhou Commodity Exchange (ZCE), the 2609 contract, closed at 2,855 CNY/mt on May 8, down 74 CNY/mt from the previous trading day, with open interest reaching 664,300 lots. In the short term, impacted by bearish signals from overseas markets, futures prices remain under pressure.