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Chempricehub Alert: Petronas Plant Maintenance Affects Methanol Supply
Published on 2026-03-09
March 9th News: Currently, Petronas Units 1 and 2 are operating normally, while Unit 3 remains shut down for maintenance. Chempricehub's analysis of methanol gives a bullish-bearish score of 1. The article notes that the normal operation of Petronas Units 1 and 2 ensures stable methanol supply, but the shutdown of Unit 3 for maintenance may lead to a reduction in supply. A decrease in supply typically supports spot prices and may drive prices higher. Combined with methanol futures market data (e.g., the main contract 2605 opened at 2,710 yuan/ton, closed at 2,830 yuan/ton, with a change of +231 yuan, and a trading volume of 2,892,796 lots), recent prices have generally risen, and trading activity has been robust, reflecting increased market expectations of supply tightness, which is favorable for futures prices. Therefore, a moderately bullish score is assigned, as the maintenance only partially affects supply, and overall supply has not been completely disrupted.