On January 30, Mingquan Group (formerly Shandong Mingshui) raised its methanol quotation by 20 yuan/ton to 2,220 yuan/ton for cash ex-factory pickup. The 600,000-ton coal-to-methanol plant is operating normally. PriceSeek analysis of methanol, with a bullish-bearish score of 1: Mingquan Group’s methanol quotation increased by 20 yuan/ton to 2,220 yuan/ton, reflecting stronger market demand and cost support. The normal operation of the plant ensures stable supply, which is favorable for spot prices. Combined with methanol futures data, such as the recent closing price of the Zhengzhou Commodity Exchange MA2605 contract at 2,352 yuan/ton, up 12 yuan/ton, and changes in open interest indicating bullish market sentiment, it is expected that futures prices will benefit from the upward trend in spot prices.