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  • China domestic methanol price hit 35-month high on futures' surge

    The Chinese  domestic methanol  price has surged 29%, or Yuan 740, since the begin

    ning of this month to be assessed at a 35-month high of Yuan 3,250/mt Friday, accordi

    ng S&P Global Platts data. 


    This surge was driven mainly by China's soaring futures market, industry sources said. 

    Market participants  have  noted  increased  investment  into  the  commodity sector in 

    recent months, primarily via the futures market. 

    "I am  definitely   worried   that   hot   money   is   flowing  into   the  methanol  futures  

    market,"an  end-user  said, referring to funding from retail investors and the financial 

    sector. 


    The  actively  traded May  methanol  futures  contract  on the Zhengzhou Commodity 

    Exchange has surged Yuan 452 since  the  beginning of December to Yuan 2,960/mt 

    as of market close Friday, ZCE data showed. 

    Import prices have also risen in response. 

    Platts CFR China  methanol weekly  assessment surged $20 week on week Friday to 

    $354/mt, a 26-month high. 

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