May 14 News
On May 13, the closing prices in the methanol overseas market declined: CFR Southeast Asia methanol closed at $632-634/mt. FOB US Gulf methanol closed at 162-164 cents/gallon, down 1 cent/gallon; European FOB Rotterdam methanol closed at €525-527/mt, down €6/mt.

Chempricehub Commentary on Methanol – Bull-Bear Score: -1
On May 13, overseas methanol closing prices declined. Specifically, FOB US Gulf fell by 1 cent/gallon, and European FOB Rotterdam decreased by €6/mt. The weakening of overseas markets is expected to transmit bearish sentiment to the domestic market, exerting downward pressure on domestic methanol spot prices.

The domestic methanol main contract (2609) closed at 2,906 yuan/mt on May 13, up 4 yuan/mt, with open interest increasing by 17,825 lots. In the short term, the futures price may face downward pressure due to the bearish influence from the overseas market.