Methanol Futures Rise to 4-1/2-Year High

EthereumCraftsman · 2026-04-07T15:15:18+00:00

Methanol futures reached CNY 3,370 per tonne due to Middle East supply disruptions impacting key plastic feedstocks. Iran's role as a major supplier to Asia raises concerns over export flows, leading to rising prices in global markets. Other chemicals, like polyethylene and polypropylene, also hit multi-year highs.

EthereumCraftsman

2026-04-07 15:15:18

Abstract generation in progress

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 in China 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.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.