On February 3, the closing prices of the methanol overseas market rose: the CFR Southeast Asia methanol market closed at $322.5–323.5 per ton. The FOB U.S. Gulf methanol market closed at 105.5–106.5 cents per gallon, up 5 cents per gallon; the European FOB Rotterdam methanol market closed at €297.5–298.5 per ton.
PriceSeek analyzed methanol with a long-short score of +1.5. The article indicates that methanol prices in overseas markets rose across Southeast Asia, the U.S. Gulf, and Europe, with a notable increase of 5 cents per gallon in the U.S. Gulf market, suggesting strong international methanol demand or tightening supply. This will directly benefit domestic methanol spot prices, as rising import costs and increased export profits drive spot prices upward.
Combined with the latest methanol futures data (e.g., the open interest of the main contract MA2605 reached 817,035 lots, indicating high price sensitivity), the upward signal from overseas markets may stimulate market sentiment and drive a rebound in futures prices, despite the general decline in settlement prices for the day’s contracts.
The score of +1.5 reflects a strong positive outlook, as the price increase is broad and significant, providing support to the overall market.
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