October 30th News
[Key Takeaway] In the short term, methanol prices are trending in a mild, range-bound correction with a bearish bias. Currently at mid-to-high levels, upside potential is limited, while downside is supported by coal price floors.
Note: The latest available data is up to October 29, 2026. It is recommended to refer to real-time data.
1. Mean Difference Change Table
| Type of Average Difference | Today’s Value (2026.10.29) | Yesterday’s Value (2026.10.28) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference | -61.33 | -26.66 | - |
| 10-Day Average Difference | 17.66 | 28.33 | - |
| 20-Day Average Difference | -64.58 | -107.92 | + |
2. Signal Status Determination
The current combination of changes in the mean differences is (-, -, +), which constitutes a mild pullback signal (bearish bias, pullback nature).
3. Trend Direction Conclusion
The current price trend is oscillating (with a bearish bias), for the following reasons:
Three moving average differences did not change in a completely consistent direction compared to the previous day (the 5-day and 10-day moving average differences decreased compared to yesterday, while the 20-day moving average difference increased), which does not meet the criteria for a clear upward or downward trend, and is characteristic of a volatile market. Considering the fundamentals, some of the benefits from the contraction in imports have already been realized. There is a strong expectation that domestic coal-to-methanol plants will resume production, and large-scale shutdowns of downstream MTO facilities have reduced demand. Recently, the auction transactions in the main production areas of methanol have been weak, and some manufacturers have lowered their quotes, supporting the judgment of a bearish correction.
4. Position and Spatial Reference
Methanol prices in the 60-day cycle are in the 3rd tier (mid-range), while in the 3-month and 1-year cycles, they are in the 4th tier (upper mid-range). The short-term upside is limited, but with strong coal prices in China providing support, the downside is also constrained.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
