April 10th Update: Methanol market in Shandong region experienced price fluctuations. In Zibo, Shandong, the negotiated price for methanol delivered with spot payment settled at 2,950 RMB/ton, down by 10 RMB/ton. In central Shandong, methanol was quoted at 3,120 RMB/ton. In Dongying, Shandong, methanol market prices ranged from 2,930 to 2,940 RMB/ton delivered with spot payment, a decrease of 15 RMB/ton. In Zibo, Shandong, the negotiated price for methanol was 2,960 RMB/ton delivered with spot payment, while local factories in central Shandong quoted 3,120 RMB/ton ex-works with self-pickup.

Chempricehub analysis of methanol: Bull-Bear Score: -1.5. The article indicates a widespread decline in methanol spot prices in Shandong: Zibo prices fell by 10 RMB/ton to 2,950 RMB/ton, and Dongying prices dropped by 15 RMB/ton to 2,930–2,940 RMB/ton, reflecting ample market supply or weak downstream demand, creating bearish pressure. In the futures market, the main methanol contract 2609 settled at 2,876 RMB/ton (down 13 RMB from the previous day), with open interest increasing by 35,572 lots to 372,315 lots, indicating active short position building and simultaneous pressure on futures prices. Short-term market sentiment is expected to remain bearish, with prices likely to continue declining, though the drop may be limited. Attention should be paid to inventory changes and demand recovery.