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The most actively traded January methanol futures contract opened 45 yuan per tonne lower at 3,357 yuan per tonne on the Zhengzhou Commodity Exchange on the evening of November 4. The report is a routine opening quote with no stated cause.
Methanol is a chemical feedstock with limited direct link to animal feed ingredients, so the move has little read-through to feed buyers beyond general energy and chemical sentiment.
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.