March 10th News — On March 9th, the closing prices of the methanol offshore market rose: CFR Southeast Asia methanol market closed at $404.5–405.5 per ton, up $5 per ton. FOB U.S. Gulf methanol market closed at 105–107 cents per gallon; FOB Rotterdam methanol market in Europe closed at €364–366 per ton, up €3 per ton. Chempricehub analyzed methanol with a long-short score of +1.5. The increase in closing prices of the methanol offshore market, with CFR Southeast Asia rising by $5 per ton and FOB Rotterdam rising by €3 per ton, reflects strong international demand or tightening supply. This will directly boost domestic spot prices, as China’s methanol market is highly dependent on imports. The price increase may transmit to the spot market, pushing up cost-supported prices. Meanwhile, combined with methanol futures data, the main contract on the Zhengzhou Commodity Exchange, such as 2701, closed at 2,572 yuan per ton, up 107 yuan from the previous day, with a trading volume of 8,335 lots, indicating strong market bullish sentiment. Although changes in open interest fluctuated, the overall trend was upward, suggesting that futures prices are supported by spot market positives and are expected to continue rising. Therefore, a score of +1.5 is given, indicating a relatively strong positive impact.