On January 2, the methanol overseas market closed higher: CFR Southeast Asia methanol market settled at $319.5-320.5 per ton. FOB U.S. Gulf methanol market settled at 84.5-85.5 cents per gallon; FOB Rotterdam methanol market in Europe settled at €254.5-255.5 per ton. PriceSeek's analysis of methanol, with a long-short score of 1.5, indicates that the global methanol overseas market generally rose on January 2. Prices for CFR Southeast Asia, FOB U.S. Gulf, and FOB Rotterdam all recorded increases, reflecting stronger international demand and tightening supply, which significantly supports methanol spot prices and may drive domestic spot prices to follow suit. Combined with methanol futures data, methanol MA contracts (e.g., the 2605 contract closed at 2,216 yuan per ton, up 25.00; the 2603 contract closed at 2,229 yuan per ton, up 31.00) show a sustained upward trend, with settlement and closing prices steadily rising. Active trading volumes (e.g., the 2605 contract recorded a trading volume of 898,018 lots) and high open interest indicate strong market bullish sentiment. It is expected that futures prices will be further supported by spot prices and continue to rise.
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