January 4th News: On January 2nd, the methanol overseas market closed higher. The CFR Southeast Asia methanol market settled at $319.5–320.5 per ton. The FOB U.S. Gulf methanol market settled at 84.5–85.5 cents per gallon, while the FOB Rotterdam methanol market in Europe settled at €254.5–255.5 per ton. Chempricehub analyzed methanol with a bullish-bearish score of 1.5, citing the following reasons: The article indicates that the global methanol overseas market generally rose on January 2nd, with prices in CFR Southeast Asia, FOB U.S. Gulf, and FOB Rotterdam all recording increases. This suggests strengthening international demand and tightening supply, which significantly benefits spot methanol prices and may drive domestic spot prices to follow suit. Combined with methanol futures data, methanol MA contracts (e.g., the 2605 contract closed at 2,216 yuan per ton, up 25.00; the 2603 contract closed at 2,229 yuan per ton, up 31.00) show a sustained upward trend, with settlement and closing prices steadily rising. Active trading volumes (e.g., the 2605 contract traded 898,018 lots) and high open interest indicate strong market bullish sentiment. It is expected that futures prices will be further supported by spot prices and continue to rise.
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