April 13th News: On April 10th, methanol prices in the international market closed lower. The CFR Southeast Asia methanol market settled at $679–681 per metric ton, down $10 per metric ton. The FOB US Gulf methanol market settled at 141–143 cents per gallon. The FOB Rotterdam methanol market in Europe settled at €510–512 per metric ton, down €9 per metric ton.

Chempricehub's analysis of methanol indicates a bearish sentiment score of -1.5. The report shows that methanol prices in multiple international regions declined on April 10th: the CFR Southeast Asia market fell by $10 per metric ton to $679–681, and the FOB Rotterdam market in Europe dropped by €9 per metric ton to €510–512. Although no explicit change was noted for the FOB US Gulf market, the overall trend remained weak. This suggests sluggish global methanol demand or oversupply, exerting significant downward pressure on spot prices. It is anticipated that the domestic spot market will follow the downtrend of the international market.

In conjunction with domestic methanol futures, key contracts such as 2605 (closing at 3,114 yuan per metric ton, down 13.00) and 2609 (closing at 2,834 yuan per metric ton, down 13.00) both experienced declines. Changes in open interest indicate a strengthening bearish sentiment in the market, and the decline in international prices may further drag down futures prices. A score of -1.5 indicates a bearish outlook between moderate and significant, as the decline, while not extreme, spans multiple regions, reinforcing overall bearish expectations.