Methanol Hits 4-1/2-year High

Methanol futures climbed to CNY 3,370 per tonne, the highest level since October 2021, amid supply disruptions in the Middle East affecting key plastic feedstocks. The chemical, essential for fuels, plastics, and olefins production, reflects tightening availability across global markets. Iran is a major supplier to Asia, with at least half of China’s imported methanol estimated to come from the country, according to Oil Price Information Service. Ongoing disruptions have raised concerns over lower export flows, pushing prices higher worldwide. Elsewhere in the chemical complex, prices remain elevated: polyethylene surged above CNY 9,000 per tonne, a four-year high, polypropylene rose to CNY 9,758 per tonne, its strongest since October 2021, and synthetic rubber neared historic peaks at CNY 18,150 per tonne.

Methanol increased to 3595.00 CNY/T, the highest since October 2021. Over the past 4 weeks, Methanol gained 28.67%, and in the last 12 months, it increased 32.04%.

Methanol increased to 3282.00 CNY/T, the highest since October 2021. Over the past 4 weeks, Methanol gained 30.16%, and in the last 12 months, it increased 12.8%.