Methanol futures hit limit-up at 3359 yuan/tonne

The limit-up move signals a sharp repricing driven by supply tightness, not just speculative noise, which could have ripple effects across downstream chemical sectors reliant on methanol as an input. The fact that the contract is pinned at its upper band suggests the market is testing whether buyers will sustain momentum or if profit-taking emerges at these levels. For participants across the spot and futures chain, the key watchpoint is whether physical availability confirms the squeeze or if the rally outpaces fundamentals. The open question is whether this marks a structural shift in supply-demand balance or a transient squeeze that unwinds.