March 23, 2024 — On March 23, Yizhou Technology raised its methanol offer by 100 yuan/ton to 2,900 yuan/ton ex-works cash payment. The 150,000 + 150,000 tons/year coke oven gas-to-methanol plant is operating stably.

Chempricehub's analysis of methanol, with a bullish-bearish score of +1.5:
The report indicates that Yizhou Technology raised its methanol offer by 100 yuan/ton to 2,900 yuan/ton ex-works cash payment, with stable plant operations, suggesting ample supply in the spot market but strong demand. This directly supports methanol spot prices, likely driven by rising costs or downstream demand.

Referring to methanol futures data, such as the main contract 2701 closing at 2,930 yuan/ton (up 95 yuan) and open interest increasing by 2,714 lots, market sentiment appears bullish. The simultaneous rise in futures prices reinforces the bullish trend.

Overall assessment: Score +1.5 (moderately bullish), as the significant price increase is supported by futures data. However, stable plant operations may limit further gains, preventing it from reaching a major bullish level.