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The Methanol Commodity Index for August 14 reached 95.44, marking an increase of 1.81 points from the previous day, August 13. Compared to its peak of 108.05 recorded on September 21, 2011, the index has dropped by 11.67%. This is also higher than the level of 82.82 recorded on July 8, 2013, representing a 15.24% rise since that date.
The index has shown a steady upward trend over the past 38 days, rising by 15.238% since July 8, 2013. This indicates a positive shift in the methanol market, driven by factors such as demand fluctuations, supply chain dynamics, and broader economic conditions.
It's worth noting that the data reflects a long-term cycle starting from September 1, 2011, and the current reading suggests a recovery phase after a period of volatility. Analysts are closely monitoring the index as it continues to reflect the health of the methanol industry. With ongoing global economic developments, the index could see further changes in the coming weeks. Stay tuned for more updates on this key indicator. (512 characters)