May 13 News
On May 13, methanol ex-factory prices in Shandong were adjusted downward:

• Mingquan Group (formerly Shandong Mingshui) lowered its methanol quotation by 60 yuan/ton to 3,040 yuan/ton (ex-factory, cash, spot).
• Shandong Union cut its methanol quotation by 80 yuan/ton — 3,020 yuan/ton for end-users (ex-factory, cash, spot) and 3,040 yuan/ton for traders. Plant operations remain stable.

Chempricehub Methanol Review:
Bull-Bear Score: -1

Spot Market:
Major methanol producers in Shandong reduced their ex-factory quotes by 60–80 yuan/ton. With related plants operating steadily and no tightening expected on the supply side, the move directly dampened regional spot prices, exerting bearish pressure on the national methanol spot market.

Futures Market:
On May 12, the methanol MA2609主力合约 — here referring to the most active contract — closed at 2,915 yuan/ton, with a settlement price of 2,895 yuan/ton. Open interest increased by 22,689 lots compared to the previous trading day. The bearish signals from the spot side are expected to transmit to the futures market, capping upward price momentum and steering the overall trend toward a bearish bias.