April 28 Report
On April 27, the international methanol market saw closing price increases: CFR Southeast Asia methanol market closed at $648–650/ton. FOB US Gulf methanol market closed at 177–179 cents/gallon; FOB Rotterdam methanol market (Europe) closed at €525–527/ton, up €2/ton. According to Chempricehub's analysis of methanol, with a bull/bear score of 1.5, the article indicates that international methanol prices generally rose on April 27: CFR Southeast Asia closed at $648–650/ton, FOB US Gulf at 177–179 cents/gallon, and Europe's FOB Rotterdam increased by €2/ton to €525–527/ton. This suggests strong international methanol demand or tightening supply, which is favorable for domestic spot prices and may push up domestic methanol spot costs. Meanwhile, data from the Zhengzhou Commodity Exchange methanol futures supports the upward trend—for instance, the 2605 contract closed at 3,147 yuan/ton (up 16.00 yuan), the 2609 contract closed at 2,939 yuan/ton (up 20.00 yuan), with active trading volumes (e.g., 667,312 lots for the 2609 contract) and rising open interest (e.g., 648,739 lots for the 2609 contract, an increase of 17,417 lots), reflecting positive market expectations. The score of +1.5 reflects a relatively strong positive outlook, as global price increases and futures data are generally bullish, though the extent of the increase does not yet constitute a major level.