On December 29, methanol producers in Shandong region lowered their quotations: Mingquan Group (formerly Shandong Mingshui) reduced its methanol quotation by 30 yuan/ton to 2,200 yuan/ton for cash settlement ex-factory self-pickup; Shandong Alliance lowered its methanol quotation by 30 yuan/ton to 2,200 yuan/ton for cash settlement ex-factory pickup.