The 10-day minus 20-day moving average spread for methanol, as monitored by the Shanghai Commodity News service, stood at 2.66 yuan per ton on November 2, down from the prior positive reading. The spread is positive, meaning the 10-day average remains above the 20-day average, but the gap is narrowing.
This is a technical indicator describing slowing upward momentum in methanol spot prices, with no new supply or demand cause. It has minimal direct relevance to animal-feed commodity supply or prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.