December 31 News: On December 31, methanol producer quotations in Shandong region were lowered: Shandong Alliance's methanol quotation was reduced by 20 yuan/ton to 2,180 yuan/ton for cash ex-factory pickup, with stable plant operation. Mingquan Group (formerly Shandong Mingshui) lowered its methanol quotation by 20 yuan/ton to 2,180 yuan/ton for cash ex-factory pickup, and its 600,000-ton coal-to-methanol plant is operating normally. Chempricehub's analysis of methanol, with a long-short score of -1, indicates that both Shandong Alliance and Mingquan Group have reduced their methanol quotations by 20 yuan/ton to 2,180 yuan/ton for cash ex-factory pickup, with stable plant operations. This suggests ample supply or weak demand in the spot market, leading to downward price pressure, which generally exerts a bearish impact on methanol spot prices.