ChemPriceHub Important Notice: Methanol Offshore Prices Experience Comprehensive Increase

On January 29, the closing prices in the methanol offshore market rose: the CFR Southeast Asia methanol market closed at $321.5–322.5 per ton. The FOB US Gulf methanol market closed at 104.5–105.5 cents per gallon, up 3 cents per gallon; the FOB Rotterdam methanol market in Europe closed at €297.5–298.5 per ton, up €2 per ton. PriceSeek analyzed methanol, with a long-short score of 1.5. Global methanol offshore prices generally increased, with CFR Southeast Asia, FOB US Gulf, and FOB Rotterdam all recording gains. Among them, the US Gulf rose by 3 cents per gallon, and Europe rose by €2 per ton, indicating tightening supply or strengthening demand in the international market. This will directly increase the import cost of domestic methanol spot prices, stimulating an upward trend in spot prices. Combined with methanol futures data, the main contracts, such as 2605 (closing at 2,352 yuan per ton, up 12 yuan) and 2609 (closing at 2,376 yuan per ton, up 15 yuan), have already shown an upward trend. Changes in open interest reflect bullish market sentiment, and the positive offshore factors may further support the strengthening of futures prices.