April 13, 2024 — On April 13, Shandong Alliance lowered its methanol offer by 120 yuan/ton to 3,000 yuan/ton for cash ex-factory delivery, with stable plant operations. Chempricehub analyzed methanol, giving a bearish score of -2. The spot price reduction of 120 yuan/ton to 3,000 yuan/ton by Shandong Alliance, coupled with stable operations, indicates ample supply and weak demand, posing significant bearish pressure on spot prices. In the methanol futures market, the main contract, such as the 2609 contract, recently declined (e.g., closing at 2,834 yuan/ton on April 10, down 13 yuan), with high trading volume (469,675 lots) and increased open interest (35,572 lots), reflecting strong bearish sentiment. The spot price reduction is expected to further reinforce the downtrend in futures, intensifying short-term downward pressure.