January 26th News: On January 23rd, the closing prices of the methanol offshore market rose: the CFR Southeast Asia methanol market closed at $321.5–322.5 per ton. The FOB U.S. Gulf methanol market closed at 99.5–100.5 cents per gallon, up 5 cents per gallon; the European FOB Rotterdam methanol market closed at €268.5–269.5 per ton, up €1 per ton. Chempricehub analyzed methanol with a long-short score of 1.5. The report indicated that methanol prices in the offshore markets for CFR Southeast Asia, FOB U.S. Gulf, and FOB Rotterdam all increased, with FOB U.S. Gulf rising by 5 cents per gallon and European FOB by €1 per ton. This suggests strong international methanol demand or tight supply, which will raise import costs and provide significant positive support for domestic spot prices, likely driving spot prices higher. Additionally, based on methanol MA futures data from the Zhengzhou Commodity Exchange, major contracts such as 2605 (closing at ¥2,298 per ton, up ¥38) and 2609 (closing at ¥2,319 per ton, up ¥36) showed upward trends, with changes in open interest indicating increased bullish sentiment in the market. This positive international news is expected to further boost bullish expectations in the futures market, supporting continued upward movement in futures prices.