Summary of Methanol Plant Operations in Iran Region on February 4:
One of Iran ZPC's 1.65 million tons/year methanol plants has been restarted and is currently operating at low capacity; the other 1.65 million tons/year methanol plant remains shut down. Iran Sabalan's 1.65 million tons/year methanol plant remains shut down; Iran Kimiya's 1.65 million tons/year methanol plant remains shut down; Iran Bushehr's 1.65 million tons/year methanol plant is operating normally.
PriceSeek Analysis on Methanol, Bull-Bear Score: 1.5
The article indicates the operational status of methanol plants in Iran: one of ZPC's 1.65 million tons/year plants has restarted but is operating at low capacity, while the other 1.65 million tons/year plant remains shut down; Sabalan and Kimiya's 1.65 million tons/year plants are shut down; Bushehr's plant is operating normally. Net supply has decreased (shutdown capacity: 4.95 million tons/year), leading to tight supply, which is bullish for spot methanol prices.
Combined with methanol futures data (Contract 2701), the settlement price yesterday was 2,329 yuan/ton, down 24 yuan, with open interest at 581 lots, a change of -1 lot. The news of tight supply may reverse the downward trend and push futures prices higher, indicating short-term bullish sentiment.
Comments
0