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Zhuochuang Information: Methanol prices remain at elevated levels in the near term amid persisting geopolitical risks
Although some rumors suggest that certain countries intend to ease the geopolitical risks in the Middle East, the disagreements between the conflicting parties remain. Recently, international oil prices have stayed high, which has partially driven the gradual recovery of domestic methanol demand. Additionally, some factories in the Middle East are still shut down, and port inventories are being passively depleted, providing support for coastal methanol prices. This has led to an upward shift in the recent domestic methanol price center. Moving forward, attention should still be paid to changes in Middle Eastern geopolitical situations that could impact international crude oil prices. (Zhuochuang Information)