Several Chinese methanol-to-olefins (MTO) units that buy methanol externally shut down for maintenance in October, weakening demand and pulling prices back. Prices subsequently recovered as crude oil rose and coastal inventories remained low; Taicang methanol reached 4,190 yuan per tonne on Oct.
26.
MTO shutdowns reduce methanol consumption, while low inventories and firmer oil support prices. The story concerns industrial methanol rather than a listed feed commodity, so no feed-commodity price direction is assigned.
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.