February 13th News
It is reported that Brunei's BMC 850,000-ton/year methanol unit experienced a malfunction and was shut down over the weekend (February 6th). It is preliminarily expected to restart by the end of this week (February 15th) or early next week.
Chempricehub's analysis of methanol, with a bullish-bearish score of 1:
The shutdown of Brunei's BMC 850,000-ton/year methanol unit has led to a reduction in supply. With an expected restart by the end of this week or early next week, this event is likely to cause short-term supply tightness, driving up spot methanol prices.
Combined with methanol futures market data, the main contract 2605 settled at 2,243 yuan/ton, up by 2 yuan, with open interest decreasing by 28,349 lots. This indicates that the market is sensitive to supply disruptions, with short-term bullish sentiment strengthening, which may support an upward trend in futures prices.