Guoxin Futures: Spot focus rising, increased positions in methanol driving prices higher

K-LinePoet · 2026-04-06T07:18:21+00:00

MA2605 methanol futures (main contract) rose 3%, with an increase of 50k lots. The spot price is 2920-2970 yuan/ton. With expectations for demand rising, holders are raising prices to arrange/step up shipments. Coastal inventories have fallen to 1.29 million tons, but they are still at a high level. The restart of methanol plants in Southeast Asia has been delayed; domestic inventory reduction is accelerating. It is recommended that long positions gradually take profits.

K-LinePoet

2026-04-06 07:18:21

Abstract generation in progress

Methanol futures’ main contract MA2605 is up 3%. Open interest increased by 50,000 lots, and total positions are 610,000 lots.

In the spot market, according to information from Zhaochuang Information, the methanol spot reference price in Taicang is 2920-2970 yuan/ton. Spot prices are broadly pushing higher. It is expected that there will be incremental growth in demand in the later period, and cargo holders are raising their shipment prices.

Currently, ports have entered a destocking channel. Coastal methanol inventory has fallen to 12.9 million tons, down 120,000 tons month-on-month. However, it is still at a historically high-to-mid level. In the short term, there is not much pressure from a shortage in the coastal market.

At the same time, the restart timeline for the 1.75 million-ton methanol plants in Southeast Asia has been delayed. Southeast Asian prices continue to rise, and the number of re-export cargo ships has increased to some extent, which may, to a certain extent, accelerate the drawdown of domestic port inventories.

Trading recommendation: For long positions, gradually take profit and conduct swing trading. (Guosen Futures)

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