Methanol Market in Shandong Region Rises on January 28: In Dongying, Shandong, the negotiated price for methanol is 2,120–2,130 yuan/ton delivered on a spot payment basis. In Zibo, Shandong, the negotiated price for methanol is 2,130–2,140 yuan/ton delivered on a spot payment basis. In central Shandong, local methanol producers quote 2,200–2,220 yuan/ton ex-works with self-pickup, up by 10 yuan/ton. In Jining, the ex-works price for methanol is around 2,125–2,130 yuan/ton on a spot payment basis, with some transactions concluded. In Linyi, the delivered price is around 2,180–2,200 yuan/ton on a spot payment basis.
PriceSeek Analysis on Methanol, Bull-Bear Score: 1
The article indicates that methanol spot prices in Shandong generally rose on January 28. For instance, prices in Zibo increased to 2,130–2,140 yuan/ton, with some areas seeing a 10 yuan/ton rise. This suggests stronger local demand or tightening supply, which generally supports methanol spot prices. Combined with methanol futures market data, such as the MA2605 contract settlement price of 2,306 yuan/ton (as of January 27), although recent prices have shown a downward trend, the strengthening spot market may drive a rebound in futures prices, providing support to the futures market. Therefore, this also generally supports futures prices.
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