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Chempricehub Important Reminder: The increase in methanol quotations in Shandong is beneficial for the market.
Published on 2026-03-10
March 10th News — On March 10th, methanol producer quotations in Shandong region were raised: Mingquan Group (formerly Shandong Mingshui) increased its methanol quotation by 210 yuan/ton to 2,760 yuan/ton, with its 600,000-ton coal-to-methanol plant operating normally. Shandong Lianmeng raised its methanol quotation by 240 yuan/ton to 2,760 yuan/ton for cash at the factory, with stable plant operations. Chempricehub analyzed methanol with a long-short score of 1.5. The article indicates that methanol producer quotations in Shandong region were raised by 210–240 yuan/ton to 2,760 yuan/ton, with stable plant operations, suggesting normal supply in the spot market but strong demand or cost-driven factors, which is favorable for spot prices. Combined with recent methanol futures data (e.g., the main contract 2605 settlement price at 2,758 yuan/ton, up 231.00), the expectation of spot price increases may drive up futures prices, particularly supporting near-month contracts, forming a generally favorable and strong influence.