January 28th Update: Methanol prices in Shandong region rose on January 28th. In Dongying, Shandong, methanol market prices were negotiated at 2,120–2,130 yuan/ton delivered on a spot payment basis. In Zibo, Shandong, methanol market negotiations ranged from 2,130–2,140 yuan/ton delivered on a spot payment basis. In central Shandong, local methanol producers quoted prices at 2,200–2,220 yuan/ton ex-works self-pickup, up by 10 yuan/ton. In Jining, ex-works methanol prices were referenced at 2,125–2,130 yuan/ton ex-works spot payment, with some transactions concluded. In Linyi, delivered prices were referenced at 2,180–2,200 yuan/ton delivered on a spot payment basis. Chempricehub analysis of methanol, long-short rating: 1. The article indicates that on January 28th, methanol spot prices in Shandong region generally increased, with prices in Zibo rising to 2,130–2,140 yuan/ton and some areas experiencing a 10 yuan/ton increase. This suggests stronger local market demand or tightening supply, constituting a moderate positive for methanol spot prices. Combined with methanol futures market data, such as the MA2605 contract settlement price of 2,306 yuan/ton (as of January 27th), although recent prices have shown a downward trend, the strengthening spot market may drive a rebound in futures prices, supporting the futures market. Therefore, this also presents a moderate positive for futures prices.