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ChemPriceHub Key Alert: Petronas Plant Malfunction Impacts Methanol Supply
Published on 2026-01-05
It is reported that Petronas' Units 1 and 2 are currently operating normally, while the Unit 3 in Sarawak remains shut down due to an extended fault. PriceSeek's analysis of methanol gives a long-short score of 1.5. The article notes that the extended shutdown of Petronas' Sarawak Unit 3, while Units 1 and 2 are running normally, has led to a partial reduction in methanol supply. This is expected to have a positive impact on methanol spot prices, as supply tightness could drive prices higher. Combined with methanol futures market data, recent main contracts such as 2605 (closing price 2,216 yuan/ton, up 25.00) and 2609 (closing price 2,182 yuan/ton, up 8.00) have shown an upward trend. Changes in open interest indicate active market participation, and this event may further support the rise in futures prices, reinforcing bullish expectations.