On December 29, the closing prices in the methanol offshore market rose: the CFR Southeast Asia methanol market closed at $319.5–320.5 per ton. The FOB U.S. Gulf methanol market closed at 84.5–85.5 cents per gallon, up 1 cent per gallon; the European FOB Rotterdam methanol market closed at €254.5–255.5 per ton, up €2 per ton.