Geopolitical disturbances and supply-demand games are causing methanol prices to fluctuate at high levels.

Entering March 2026, the domestic methanol market has seen a trend of first rising and then falling, with fluctuations at high levels due to a variety of factors. The intensification of international geopolitical conflicts has led to expectations of tighter import sources, pushing spot prices to temporarily rise; the domestic market with high supply and weak demand has at one point suppressed the upward space for methanol. Against the background of continuously rising crude oil prices, the cost advantage of methanol-to-olefins becomes apparent, with a certain increase in olefin demand, and domestic methanol plants are about to enter the maintenance season. The improvement in fundamentals combined with geopolitical support is expected to lead to a trend of relatively strong and volatile methanol prices in the future.