Methanol futures main contract extends intraday gain to more than 8%
In short
The main methanol futures contract widened its intraday gain to 7% on the morning of October 8, CLS and 36Kr reported. By 09:12, Yicai reported that the gain had widened to more than 8%.
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The main methanol futures contract widened its intraday gain to 7% on October 8, according to brief reports from CLS at 09:09 and 36Kr at 09:10 local time. In a report published at 09:12, Yicai said the main methanol contract's gain had widened to more than 8%. [ 1 , 2 , 3 ]
The reports are short market flashes. They do not name a cause for the rise, the exchange or the contract month, and they do not give price levels. [ 1 , 2 , 3 ]
Why it matters
Business and tech outlets each reported the move within minutes of one another. The reports do not give a cause or say what effect the move may have.
Key facts
Confirmed by several sources
Still unclear
- Why methanol futures rose. None of the reports gives a reason for the move.
- How far the gain went and where the contract closed. Only Yicai reported a gain of more than 8%. None of the reports gives a closing level.