January 13th News — On January 12th, methanol prices in the international market closed higher: CFR Southeast Asia methanol market settled at $321.5–322.5 per ton. FOB U.S. Gulf methanol market settled at 87.5–88.5 cents per gallon; FOB Rotterdam methanol market in Europe settled at €259.5–260.5 per ton, up by €1 per ton. Chempricehub's analysis of methanol shows a long-short score of 1.5. On January 12th, methanol prices in the international market rose across the board, with CFR Southeast Asia settling at $321.5–322.5 per ton, FOB U.S. Gulf at 87.5–88.5 cents per gallon, and FOB Rotterdam up by €1 per ton to €259.5–260.5 per ton. This indicates strong international demand and rising import costs, which directly benefit domestic methanol spot prices. Meanwhile, methanol futures contracts (e.g., the 2605 contract closed at ¥2,266 per ton, settled at ¥2,267 per ton, up by ¥22 per ton) reflect strong bullish sentiment in the market. The upward trend in the international market may further support futures prices, driving an increase in open interest and trading volume.
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