ChemPriceHub reminds: steady analysis of the methanol foreign market

On December 26th, the methanol foreign market was stable: the CFR Southeast Asia methanol market closed at $319.5-320.5 per ton. The FOB Gulf of Mexico methanol market in the United States was closed; the European FOB鹿特丹 methanol market was also closed. PriceSeek analyzed methanol, with a bullish score of -1. The foreign market was stable, and the CFR Southeast Asia price closed at $319.5-320.5 per ton. The U.S. Gulf of Mexico and European Ludwigshafen markets were closed, which had no new positive or negative drivers for spot prices. Combining domestic futures market data, the main contract for methanol, MA2605, closed at $2161 per ton, down $19.00, with a trading volume of 1029119 hands and a decrease in holdings by 12197 hands, indicating an increase in bearish pressure. The stability of the foreign market failed to alleviate the downward trend in the domestic market, leading to a predominantly bearish sentiment, with futures prices under pressure, hence a general bearish rating.