Methanol Price Analysis

date: 15 December 2020

By investigating the methanol price trend, it is obvious that whenever methanol price reached the 203 USD/MT, the price has a growth afterward. It seems methanol price is supported at the 203 USD/MT and also has a resistance at 350 USD/MT. If the price increase up to 350 USD/MT, it can reaches to 433 USD/MT. It is expected that this price needs time to increase again to 511 USD/MT.