On February 25th, the domestic first methanol single-fuel river-sea direct vessel, "Innovation 19," successfully completed its maiden voyage. With a capacity of 15,000 tons and equipped with domestically produced methanol-specific engines, the vessel achieves a methanol substitution rate of over 90%, and using green methanol can reduce CO₂ emissions by more than 90%. This ship is the first of the initial batch of five methanol-powered vessels, with the remaining four expected to be operational by May 2026, marking a critical step in the commercial application of methanol in shipping. Chempricehub's analysis of methanol gives a long-short score of 1.5. This event significantly benefits methanol spot prices. The article mentions the successful maiden voyage of the domestic first methanol single-fuel vessel, with a methanol substitution rate exceeding 90% and the use of green methanol reducing CO₂ emissions by over 90%. It also notes that the remaining four vessels are expected to be operational by May 2026, marking a key milestone in the commercial application of methanol in the shipping industry. This directly enhances market demand expectations for methanol as a clean fuel, particularly against the backdrop of the green transition in the shipping industry. It is likely to stimulate an increase in spot purchases and drive up spot prices. In the futures market, the latest methanol futures data (such as the Zhengzhou Commodity Exchange 2605 contract, closing at 2,285 yuan/ton on February 24, 2026, with a change of +51.00, a trading volume of 782,740, and open interest of 745,441) indicate active market conditions and a recent upward price trend. This event reinforces long-term demand growth expectations, potentially attracting more long-position funds and driving further price increases in the main contracts. It is advisable to monitor active contracts such as 2605 and 2609.