On February 5th, the closing prices in the methanol offshore market rose: the CFR Southeast Asia methanol market settled at USD 322.5–323.5 per ton. The FOB US Gulf methanol market settled at 106.5–107.5 cents per gallon, up by 1 cent per gallon; the European FOB Rotterdam methanol market settled at EUR 297.5–298.5 per ton. PriceSeek analyzed methanol with a long-short score of 1. The article indicates that methanol offshore prices rose across the board on February 5th: CFR Southeast Asia settled at USD 322.5–323.5 per ton, FOB US Gulf increased by 1 cent per gallon to 106.5–107.5 cents per gallon, and European FOB Rotterdam settled at EUR 297.5–298.5 per ton. This suggests strengthening global methanol demand or tightening supply, which is favorable for domestic methanol spot prices, as rising import costs may push up spot market quotations. From futures data, the methanol MA main contract 2605 closed at CNY 2,225 per ton (settlement price CNY 2,250 per ton), with open interest increasing by 36,109 lots to 858,053 lots, indicating strong market interest in long positions. Combined with the rise in offshore prices, this may support a rebound in futures prices. Although the daily change was -CNY 8.00 per ton, the favorable factors are expected to alleviate short-term downward pressure. The score is 1.0 (generally favorable) based on the positive transmission of global market strength to domestic prices.
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