December 30th News — On December 29th, methanol prices in the international market closed higher: CFR Southeast Asia methanol market closed at USD 319.5–320.5 per ton. FOB US Gulf methanol market closed at 84.5–85.5 cents per gallon, up 1 cent per gallon; FOB Rotterdam methanol market in Europe closed at EUR 254.5–255.5 per ton, up EUR 2 per ton. Chempricehub's analysis of methanol, with a bullish-bearish score of 1.5, indicates that methanol prices in the international market generally rose on December 29th: CFR Southeast Asia market closed at USD 319.5–320.5 per ton; FOB US Gulf market rose 1 cent per gallon to 84.5–85.5 cents per gallon; FOB Rotterdam market in Europe rose EUR 2 per ton to EUR 254.5–255.5 per ton. This suggests strong international methanol demand or tight supply, leading to increased import costs, which will directly drive up domestic spot prices. Meanwhile, based on methanol futures performance, the closing price of the Zhengzhou Commodity Exchange methanol MA contract 2601 on the same day was CNY 2,130 per ton, up CNY 8.00 per ton, with a settlement price of CNY 2,131 per ton. Changes in open interest indicate strengthening bullish sentiment (e.g., the open interest of contract 2602 decreased while prices rose). The futures market is expected to continue benefiting from positive international market developments, supporting a short-term upward trend. Score: 1.5 (moderately bullish) due to moderate price increases, but synchronized gains across multiple markets enhance the overall bullish outlook.
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