April 29 News - On April 29, methanol producers in Shandong region raised their quotations: Mingquan Group (formerly Shandong Mingshui) increased its methanol quotation by 30 RMB/ton to 3,100 RMB/ton (ex-works, cash settlement), with its 600,000-ton coal-to-methanol plant operating normally. Shandong Union raised its methanol quotation by 50 RMB/ton to 3,100 RMB/ton (ex-works, cash settlement), with trader prices at +20 RMB/ton, and plant operations stable. Chempricehub comments on methanol: Bull-bear score: 1. Reason for score: The article indicates that methanol producers in Shandong raised quotations by 30–50 RMB/ton, with an execution price of 3,100 RMB/ton, and stable plant operations, suggesting increased spot market demand or strengthened cost support, which is positive for spot prices. Combined with recent trends in methanol futures main contracts—for instance, the MA2701 contract closed at 2,873 RMB/ton on April 28, up 55 RMB, with rising open interest, signaling bullish market sentiment—the upward revision in quotations could further push futures prices higher, reinforcing the upward trend and benefiting the futures market. Overall assessment is a generally positive factor.