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Chempricehub Key Alert: PETRONAS Plant Malfunction Impacts Methanol Supply
Published on 2026-01-05
January 5th News It is reported that Petronas' Units 1 and 2 are currently operating normally, while the Sarawak Unit 3 remains shut down due to ongoing technical issues. Chempricehub's analysis of methanol assigns a bullish-bearish score of 1.5. The article notes that the extended shutdown of Petronas' Sarawak Unit 3, despite the normal operation of Units 1 and 2, has led to a partial reduction in methanol supply. This is expected to have a positive impact on methanol spot prices, as supply tightness may drive prices higher. Combined with methanol futures market data, recent main contracts such as 2605 (closing price 2,216 yuan/ton, up 25.00) and 2609 (closing price 2,182 yuan/ton, up 8.00) have shown an upward trend. Changes in open interest indicate active market participation. This event may further support the rise in futures prices and reinforce bullish expectations.