On December 30, the market for methanol in Shandong region saw an increase: The price of methanol in the Shandong Zibo area was quoted at 2120 RMB/ton to be delivered in cash, up by 15 RMB/ton, and the price of methanol in central Shandong was reported at 2200 RMB/ton, stable. In the Dongying area of Shandong, the transactional price of methanol was quoted at 2110 RMB/ton to be delivered in cash, up by 15 RMB/ton. The price range for the market in the Dongying area of Shandong was quoted at 2090-2100 RMB/ton to be delivered in cash.
PriceSeek analyzed methanol, giving a neutral rating: Overall, the spot prices for methanol in the Shandong region have generally risen, with increases of 15 RMB/ton in both Zibo and Dongying areas, indicating an increase in market demand or tight supply, which is favorable for the spot market. In the futures market, the main contract for methanol, MA 2605, closed at 2219 RMB/ton, up by 39 RMB, with a trading volume of 1229531 hands and an increase of 40426 hands in positions, indicating strong bullish sentiment among investors, suggesting that futures prices are expected to continue rising. Combining both spot and futures data, a rating of +1.5 is given, reflecting a strong positive trend.
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