December 29th News:
On December 29th, the operational status of methanol plants in Iran:
Iran's Kaveh 2.3 million tons/year methanol plant is currently shut down.
Iran's KPC 660,000 tons/year methanol plant is operating normally.
Chempricehub's analysis of methanol, with a bullish-bearish score: 2
The shutdown of Iran's Kaveh 2.3 million tons/year methanol plant has led to a significant reduction in global supply (accounting for a large proportion of Iran's production capacity). While the KPC plant is operating normally, it cannot fully compensate for the supply gap. This is a major positive factor for methanol spot prices and is expected to drive up spot prices.
Combined with methanol futures data, the main contract 2605 (trading volume: 1,029,119 lots) recently experienced a price decline (settlement price: 2,146 yuan/ton, change: -19.00). However, the news of supply disruption may reverse market sentiment, stimulate long positions, and drive futures prices higher in the future.
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