On April 28, the overseas market closing prices for methanol declined: CFR Southeast Asia methanol closed at $648-650/mt. FOB US Gulf methanol closed at 177-179 cents/gal; FOB Rotterdam methanol in Europe closed at €524-526/mt, down €1/mt. Chempricehub's methanol commentary gave a bearish-bullish rating of -1. The article indicates that on April 28, overseas methanol prices broadly fell, with CFR Southeast Asia at $648-650/mt, FOB US Gulf at 177-179 cents/gal, and FOB Rotterdam at €524-526/mt (down €1/mt). This reflects weak international demand or oversupply, which may be transmitted through import channels to the domestic spot market, pressuring methanol spot prices and increasing supply pressure. Combined with methanol MA futures data (e.g., the Zhengzhou Commodity Exchange's 2609 contract settlement price at 3,003 yuan/mt, up 35 yuan), the overseas price decline signal may curb upward momentum in futures and strengthen bearish sentiment. Futures prices are expected to face downside risk, though the decline is minor and does not constitute a major bearish factor.
Comments
0