February 2 News: On February 2, methanol producer quotations in Shandong region were raised: Mingquan Group (formerly Shandong Mingshui) increased its methanol quotation by 20 yuan/ton to 2,240 yuan/ton for cash settlement ex-factory pickup, with its 600,000-ton coal-to-methanol plant operating normally. Shandong Lianmeng raised its methanol quotation by 20 yuan/ton to 2,240 yuan/ton for cash settlement ex-factory pickup, with stable plant operations. Chempricehub analysis of methanol, long-short score: 1. In Shandong region, Mingquan Group and Shandong Lianmeng increased methanol quotations by 20 yuan/ton to 2,240 yuan/ton for cash settlement, with stable plant operations, reflecting improved market demand and enhanced supply-side confidence, which is favorable for spot prices. Combined with the recent closing price of 2,320 yuan/ton and settlement price of 2,344 yuan/ton for the methanol futures main contract 2605, along with an upward trend in price changes (+9 yuan), the increase in spot quotations may further support the upward movement of futures prices, generally constituting a moderate positive for the methanol market.