Guoxin Futures: Crude Oil Leads to a Decline in Methanol

2026-03-10 08:22:18

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On Friday, methanol futures main contract MA2605 fell by 2%, reducing positions by 12,000 lots, with open interest at 740,000 lots. In the spot market, according to Zhuochuang Information, the reference price for Taicang methanol is 2,195-2,200 yuan/ton, with the Taicang market showing a weak decline. This week, coastal methanol inventory is 1.388 million tons, down 0.07 million tons week-on-week. The total circulating supply of methanol in coastal areas is around 673,000 tons. It is expected that in mid to late February, China will receive 560,000 tons of imported ships. Overall, coastal pickup volume has decreased this week, and inventory digestion is slow. Today, WTI crude oil futures prices dropped sharply, dragging the sector down. Trading advice: approach with a volatile mindset. (Guoxin Futures)

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