ChemPriceHub Important Reminder: The rise in methanol offshore prices is favorable for the market.

On January 30, the closing prices of the methanol offshore market rose: the CFR Southeast Asia methanol market closed at $322.5–323.5 per ton, up by $1 per ton. The FOB U.S. Gulf methanol market closed at 104.5–105.5 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 offshore market prices rose across the board, with CFR Southeast Asia up by $1 per ton, and FOB U.S. and European market quotes remaining firm, suggesting stronger international demand and higher import costs, which will directly drive up domestic methanol spot prices. Combined with methanol futures data, the main contract, such as 2605, closed at 2,320 yuan per ton (up by 9 yuan per ton), with open interest increasing by 12,003 lots, indicating strong bullish sentiment in the market. The positive offshore factors further support the upward trend in futures prices, and it is expected that short-term futures prices will maintain a relatively strong trend.