On January 14, news emerged that eight methanol production lines in Iran have been shut down (involving an annual capacity of 13.85 million tons), leading to a significant month-on-month decline in January shipments. China's methanol imports from Iran in January are expected to drop from 1.35 million tons to 780,000 tons. With China's methanol import dependency exceeding 60%, the supply side is anticipated to tighten significantly, which is expected to drive up domestic methanol spot prices. According to Chempricehub's analysis of methanol, the bullish-bearish score is 2. The article highlights that the shutdown of eight methanol production lines in Iran, with an annual capacity of 13.85 million tons, has resulted in a sharp decline in January shipments. China's methanol imports from Iran in January are projected to decrease from 1.35 million tons to 780,000 tons. Given China's methanol import dependency of over 60%, the supply side is expected to tighten considerably, providing a significant boost to spot prices and likely driving up domestic methanol spot prices. Combined with the latest data from the Zhengzhou Commodity Exchange methanol futures (such as the closing price of the main contract 2605 at 2,263 yuan/ton and open interest of 830,030 lots), the expectation of reduced supply is likely to strengthen bullish market sentiment, potentially driving futures prices higher. Changes in open interest indicate active capital participation, with bullish factors dominating the market.