ChemPriceHub Key Alert: Analysis of the Impact of Falling Methanol Offshore Prices

On February 6, the closing prices of the methanol overseas market declined: The CFR Southeast Asia methanol market closed at $322.5–323.5 per ton. The FOB U.S. Gulf methanol market closed at 106.5–107.5 cents per gallon; the European FOB Rotterdam methanol market closed at €296.5–297.5 per ton, down €1 per ton. PriceSeek analyzed methanol with a long-short score of -1.5. The article indicates that methanol prices in overseas markets generally fell on February 6: CFR Southeast Asia closed at $322.5–323.5 per ton, FOB U.S. Gulf at 106.5–107.5 cents per gallon, and European FOB Rotterdam at €296.5–297.5 per ton (down €1 per ton). This reflects a global oversupply or weak demand in the methanol market, which may put downward pressure on domestic spot prices. Combined with methanol futures data, such as the MA2605 contract closing at 2,244 yuan per ton (down 20 yuan) and open interest decreasing by 31,764 lots, it indicates strong bearish sentiment in the market, suggesting that futures prices may weaken further. The score is -1.5 (generally bearish), as the declines, though widespread, have not reached extreme levels.