Report Summary 1. Industry Investment Rating No information provided in the documents. 2. Core Views - The market is affected by factors such as China - US trade talks, tariff policies, and spot freight rates. Under the current situation, the market shows a pattern of near - term weakness and long - term strength, and the spot market lacks significant positive news, making the futures market prone to decline and difficult to rise [3]. - Attention should be paid to the 90 - day spot freight rate range, the feedback of terminal demand under the relaxation of tariff policies, and the final result of the court's ruling [3]. 3. Specific Summaries Market Conditions - On June 9, the Shanghai Export Container Settlement Freight Index (SCFIS) for the European route was 1622.81 points, up 29.5% from the previous period; the SCFIS for the US - West route was 2185.08 points, up 27.2% from the previous period. On June 6, the Ningbo Export Container Freight Index (NCFI) for the European route was 1123.64 points, up 5.25% from the previous period; the NCFI for the US - West route was 3259.14 points, down 9.10% from the previous period [2]. - The Shanghai Export Container Freight Index (SCFI) announced a price of 2240.35 points on June 6, up 167.64 points from the previous period. The SCFI price for the European line was 1667 USD/TEU, up 5.04% from the previous period; the SCFI price for the US - West route was 5606 USD/FEU, up 8.39% from the previous period [2]. - The China Export Container Freight Index (CCFI) composite index was 1154.98 points on June 6, up 3.3% from the previous period; the CCFI for the European route was 1397.02 points, up 1.6% from the previous period; the CCFI for the US - West route was 1034.94 points, up 9.6% from the previous period [2]. - On June 11, the main contract 2508 closed at 2001.5, down 2.10%, with a trading volume of 55,100 lots and an open interest of 44,600 lots, a decrease of 891 lots from the previous day [3]. Economic Data - The eurozone's May manufacturing PMI preliminary value was 49.4 (expected 49.3, previous value 49); the May services PMI preliminary value was 48.9 (expected 50.3, previous value 50.1); the May composite PMI was 49.5 (expected 50.7, previous value 50.4). The eurozone's May Sentix investor confidence index was - 8.1 (expected - 11.5, previous value - 19.5) [2]. - The May Caixin China Manufacturing Purchasing Managers' Index (PMI) was 48.3, down 2.1 percentage points from April, falling below the critical point for the first time since October 2024 [2]. - The US May Markit manufacturing PMI was 52.3, a three - month high (expected 49.9, previous value 50.2); the services PMI preliminary value was 52.3, a two - month high (expected 51, previous value 50.8); the composite PMI preliminary value was 52.1 (expected 50.3, previous value 50.6) [2]. Trade Data - In the first five months of this year, ASEAN was China's largest trading partner, with a total trade value of 3.02 trillion yuan, up 9.1%, accounting for 16.8% of China's total foreign trade value. Exports to ASEAN were 1.9 trillion yuan, up 13.5%; imports from ASEAN were 1.12 trillion yuan, up 2.3% [5]. - The EU was China's second - largest trading partner, with a total trade value of 2.3 trillion yuan, up 2.9%, accounting for 12.8%. Exports to the EU were 1.57 trillion yuan, up 7.7%; imports from the EU were 728.33 billion yuan, down 6.1% [5]. - The US was China's third - largest trading partner, with a total trade value of 1.72 trillion yuan, down 8.1%, accounting for 9.6%. Exports to the US were 1.27 trillion yuan, down 8.7%; imports from the US were 447.51 billion yuan, down 6.3% [5]. - China's total imports and exports to countries along the Belt and Road Initiative in the same period were 9.24 trillion yuan, up 4.2%. Exports were 5.34 trillion yuan, up 10.4%; imports were 3.9 trillion yuan, down 3.2% [5]. Trading Strategies - Short - term strategy: For the 2506 contract, focus on the logic of basis convergence; for the 2508 contract, it is recommended to lightly short when it rebounds above 2250 and set a stop - loss [4]. - Arbitrage strategy: Under the background of tariff relaxation, the 90 - day exemption will lead to a situation where the near - term freight rate is strong and the long - term freight rate is weak. Pay attention to the court's ruling result. Currently, use a positive arbitrage structure [4]. - Long - term strategy: It is recommended to take profits when each contract rises, wait for the price to stabilize after a pullback, and then judge the subsequent direction [4]. Other Information - The daily trading limit for contracts 2506 - 2604 has been adjusted to 16% [4]. - The margin for contracts 2506 - 2604 has been adjusted to 26% [4]. - The daily opening position limit for all contracts 2506 - 2604 is 100 lots [4].

Report Summary 1. Report Industry Investment Rating - Not provided in the report. 2. Core View of the Report - The sharp rise in oil prices may provide short - term rebound momentum for methanol. Although the fundamental outlook for methanol is bearish, the uncertainty of the Middle East situation, where China mainly imports methanol from Iran, brings significant risks. It is recommended to wait and see in the short term [1]. 3. Summary by Related Catalogs 3.1 Methanol Futures and Spot Prices - **Futures prices**: MA01 increased from 2338 yuan/ton to 2345 yuan/ton, a 0.30% rise; MA05 rose from 2279 yuan/ton to 2289 yuan/ton, a 0.44% increase; MA09 went up from 2276 yuan/ton to 2282 yuan/ton, a 0.26% increase [1]. - **Spot prices**: Prices in Shandong, Inner Mongolia increased, with Shandong rising from 2155 yuan/ton to 2167.50 yuan/ton (0.58%) and Inner Mongolia from 1895 yuan/ton to 1897.50 yuan/ton (0.13%). The price in Taicang decreased from 2370 yuan/ton to 2361.50 yuan/ton (-0.36%), while those in Guangdong, Shaanxi, Sichuan - Chongqing, Hubei remained unchanged [1]. 3.2 Cost and Profit - **Upstream costs**: Most coal and natural gas prices remained stable, with Ordos Q5500 coal price dropping from 425 yuan/ton to 422.50 yuan/ton (-0.59%) [1]. - **Profit**: Coal - to - methanol profit remained at 359.70 yuan/ton, and natural - gas - to - methanol profit stayed at - 570 yuan/ton. Northwest MTO profit decreased from 603.80 yuan/ton to 590 yuan/ton (-2.29%), and East China MTO profit dropped from - 642.07 yuan/ton to - 669.07 yuan/ton (-4.21%). Profits of downstream products such as acetic acid and MTBE also declined [1]. 3.3 Important Information - **Domestic**: The main methanol contract MA2509 first rose and then fell, opening at 2282 yuan/ton, closing at 2276 yuan/ton, up 6 yuan/ton, with a trading volume of 661,705 lots and an open interest of 832,017, showing increased volume and open interest [1]. - **Foreign**: Two methanol plants with a total capacity of 3.3 million tons in a Middle Eastern country are under maintenance. Attention should be paid to the recent natural gas supply situation [1]. 3.4 Trading Strategy - Due to the sharp rise in oil prices and the uncertainty of the Middle East situation, although the fundamental outlook for methanol is bearish, there may be short - term rebound momentum. It is recommended to wait and see in the short term [1].

Group 1 - The U.S. government is evacuating non-essential personnel from the Middle East due to potential unrest, with the State Department ordering the withdrawal of all non-essential staff from the U.S. Embassy in Baghdad [1][2] - The U.S. Central Command is monitoring the escalating tensions in the region, and the Defense Secretary has authorized the voluntary evacuation of military families stationed in the Middle East [2][3] - President Trump expressed a lack of confidence in reaching a nuclear agreement with Iran, stating that Iran seems to be stalling and showing little enthusiasm for a deal [3][4] Group 2 - Iranian officials warned that if negotiations with the U.S. fail, Iran would target U.S. military bases in the region, indicating a readiness for conflict [3][5] - Iran's defense minister stated that all U.S. bases are within range of Iranian missiles, and the country has successfully tested a missile with a 2-ton warhead [6][7] - Iran has reportedly acquired sensitive documents from Israel, which include information on nuclear weapon plans and military strategies, indicating a significant intelligence operation [7][8]

以色列告知美国其已为伊朗行动做好准备 美国特使仍计划与伊朗会谈 金十数据6月12日讯，据美国哥伦比亚广播公司（CBS）：美国官员被告知以色列已为伊朗行动做好了 充分准备。这是美国建议一些美国人离开该地区的部分原因。美国预计伊朗可能会对美国在伊拉克的某 些基地进行报复。美国中东问题特使威特科夫仍计划于本周日与伊朗举行第六轮会谈。 跟踪中东局势动态 +订阅 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. Core Viewpoints - The spot market price range is set, and the price increase reaction is weak. Without more positive factors, the market is prone to decline and difficult to rise. Attention should be paid to the 90 - day spot freight rate range, the feedback of terminal demand under the easing of tariff policies, and the final ruling result [3]. - The US has extended the tariff exemption on China, and the dialogue between the top leaders of China and the US has brought some impetus to the bulls. However, due to the slight decline in spot freight rates, the situation of price increase implementation is unclear, and the market fluctuates greatly with the game between long and short positions [3]. 3. Key Points by Category Freight Rate Index - On June 2, the Shanghai Export Container Settlement Freight Index (SCFIS) for the European route was 1252.82 points, up 0.5% from the previous period; the SCFIS for the US - West route was 1718.11 points, down 0.1% from the previous period [2]. - On June 6, the Ningbo Export Container Freight Index (NCFI) for the comprehensive index was 1669.44 points, down 0.41% from the previous period; the NCFI for the European route was 1123.64 points, up 5.25% from the previous period; the NCFI for the US - West route was 3259.14 points, down 9.10% from the previous period [2]. - On June 6, the Shanghai Export Container Freight Index (SCFI) announced price was 2240.35 points, up 167.64 points from the previous period; the SCFI for the European route was 1667 USD/TEU, up 5.04% from the previous period; the SCFI for the US - West route was 5606 USD/FEU, up 8.39% from the previous period [2]. - On June 6, the China Export Container Freight Index (CCFI) for the comprehensive index was 1154.98 points, up 3.3% from the previous period; the CCFI for the European route was 1397.02 points, up 1.6% from the previous period; the CCFI for the US - West route was 1034.94 points, up 9.6% from the previous period [2]. PMI Data - Eurozone's May manufacturing PMI was 49.4 (expected 49.3, previous 49); services PMI was 48.9 (expected 50.3, previous 50.1); composite PMI was 49.5 (expected 50.7, previous 50.4). The Sentix investor confidence index was - 8.1 (expected - 11.5, previous - 19.5) [2]. - China's May Caixin manufacturing PMI was 48.3, down 2.1 points from April, falling below the critical point for the first time since October 2024 [2]. - US May Markit manufacturing PMI was 52.3 (expected 49.9, previous 50.2), services PMI was 52.3 (expected 51, previous 50.8), and composite PMI was 52.1 (expected 50.3, previous 50.6) [2]. Trading Strategies - Short - term strategy: For the 2506 contract, focus on the logic of basis convergence. For the 2508 contract, when it rebounds to above 2250, it is recommended to try short positions with a light position and set stop - losses [3]. - Arbitrage strategy: Under the background of tariff easing, the 90 - day exemption will lead to a situation where the near - term freight rate is stronger than the long - term one. Attention should be paid to the court's ruling result, and currently, the positive arbitrage structure is mainly considered [3]. - Long - term strategy: It is recommended to take profits when each contract rises, wait for the price to stabilize after a pullback, and then judge the subsequent direction [3]. Market Conditions - On June 6, the main contract 2508 closed at 2146.3, down 0.11%, with a trading volume of 73,400 lots and an open interest of 47,300 lots, a decrease of 707 lots from the previous day [3]. - The daily limit for contracts 2506 - 2604 was adjusted to 16%, the margin was adjusted to 26%, and the daily opening limit for all contracts 2506 - 2604 was 100 lots [3]. Other Information - Israel's Prime Minister Netanyahu said on the 5th that Israel is "using" local organizations in the Gaza Strip to fight against Hamas [4]. - As of the end of May, China has newly opened more than 100 international air cargo routes this year, with 26 new routes opened in May. The new routes are mainly in Asia and Europe, and the cargo mainly includes cross - border e - commerce goods, electronic products, etc. [4]

金十数据整理：中东局势跟踪（6月9日） 加沙冲突： 2. 以色列国防部长卡茨：已指示军方采取行动，确保"自由轮"船队不会抵达加沙。 3. 伊朗总统：伊朗核活动完全透明，随时准备接受检查。 4. 伊朗外交部：美国的旅行禁令反映出"美国决策者对伊朗人民和穆斯林的深刻敌意"。 1. 以色列军方称袭击了叙利亚南部的哈马斯成员。 2. 以军说找到哈马斯军事领导人穆罕默德·辛瓦尔遗体。 3. 据以色列时报：以色列国防军新组建的极端正统派预备役部队首次进入加沙地带。 4. 以色列军队在加沙地带南部一处援助物资分发点附近打死4名巴勒斯坦人，另有约70人受伤。 其他情况： 1. 2024年以色列国防出口创历史新高。 5. 知情人士称伊朗情报机构获得"大量"信息和以色列战略文件。伊朗部长称即将公布。 6. 英法加为承认巴勒斯坦国设定先决条件，包括巴勒斯坦权力机构的重大政治改革和加沙的非军事化。 跟踪中东局势动态 +订阅 ...

Group 1 - Four Israeli soldiers were killed in the ongoing conflict in the Gaza region [1] - The Iranian Foreign Minister is expected to respond to the latest proposals from the U.S. in the coming days [1] - Israel's Prime Minister stated that the country is "utilizing" local organizations in Gaza to combat Hamas [1] Group 2 - The U.S. Treasury has imposed a new round of sanctions on Iran, targeting 10 individuals and 27 entities [1] - An Israeli minister warned of increased attacks on Lebanon if Hezbollah does not disarm [1] - A U.S.-backed humanitarian foundation for Gaza announced that all aid distribution points are closed, with a reopening date to be announced later [1] Group 3 - Sources indicate that the U.S. State Department is considering providing $500 million in funding to a new Gaza aid organization [1]

Core Insights - The current gold prices show slight fluctuations, with London spot gold at $3,372.76 per ounce and New York futures at $3,384.93, reflecting a 0.29% increase [1][8] - Retail gold prices in China vary among brands, with notable increases in some brands, indicating a stable yet competitive market [2][4] - The gold recovery prices remain stable, with ranges between 764 to 768 yuan per gram, suggesting a consistent demand for gold recycling [6][7] - Global central banks, including China, are increasing their gold reserves, which supports the long-term outlook for gold prices [9] Gold Prices - London spot gold is priced at $3,372.76 per ounce, with a daily fluctuation between $3,370.97 and $3,382.04 [1] - New York gold futures are at $3,384.93 per ounce, showing a 0.29% increase [1] - In China, retail prices for gold range from 788 yuan per gram for Shui Bei to 1,020 yuan per gram for brands like Chow Tai Fook and Liufuk Jewelry [2][4] Recovery Prices - The recovery price for gold is stable, ranging from 764 to 768 yuan per gram, with 22K gold at 680 yuan and 18K gold at 553 yuan [6][7] - Bank investment gold bars are priced between 794 to 800 yuan per gram, which is 15% to 20% lower than most brand jewelry [6] Market Trends - The market anticipates the U.S. non-farm payroll data release, which could influence Federal Reserve interest rate decisions and subsequently gold prices [6][9] - Tensions in the Middle East and ongoing trade negotiations in Europe are contributing to increased demand for gold as a safe-haven asset [8][9] - China's gold reserves have reached 72.96 million ounces, enhancing gold's strategic value amid a shift away from reliance on the U.S. dollar [9]

6. 以色列军方表示，尽管以色列与黎巴嫩之间已达成停火协议，但它已确认真主党空中部队正在运作， 生产数千架无人机。这些活动构成了"公然违反"以色列与黎巴嫩之间的谅解。 7. 哈马斯领导人：准备开启新一轮停火谈判，加沙停火谈判正在与调解人进行中。我的组织没有拒绝美 国中东特使维特科夫的加沙停火提议，但要求做出一些改变和改进，以确保结束战争。 其他情况： 1. 以色列向美国保证：除非谈判失败，否则不会打击伊朗。 金十数据整理：中东局势跟踪（6月6日） 6. 德国外长瓦德富尔：德国总理默茨计划今年访问以色列，德国应继续向以色列提供武器。呼吁以色列 重新允许人道主义援助进入加沙地带。 加沙冲突： 跟踪中东局势动态 +订阅 1. 消息人士称以军已控制加沙地带约50%土地。 2. 以色列军方发出警告，提醒贝鲁特南部郊区的居民。 3. 以军发布撤离令不久，黎首都南郊传出巨大爆炸声。 4. 以军称对黎巴嫩真主党在贝鲁特南郊目标实施打击。 5. 黎巴嫩领导人强烈谴责以军空袭贝鲁特。 2. 法国码头工人工会拒绝装载运往以色列的军事装备。 3. 伊朗总统告诉沙特王储，他决心加强两国关系。 4. 伊朗驻俄罗斯大使：俄罗斯总统普京即将 ...

跟踪中东局势动态 +订阅 1. 以色列临时关闭加沙物资分发点。 2. 胡塞武装称袭击以色列本-古里安国际机场。 3. 安理会加沙人道主义决议草案遭美国一票否决。 4. 美国驻联合国大使：以色列有权自卫，包括击败哈马斯。 5. 伊朗最高领袖哈梅内伊：伊朗的铀浓缩是国家核计划的关键。德黑兰不会放弃其铀浓缩工作。 6. 哈马斯相关媒体报道称，至少有十名巴勒斯坦人在以色列对加沙汗尤尼斯地区一所收容流离失所者的 学校的袭击中遇难。 金十数据整理：中东局势跟踪（6月5日） 7. 土耳其国防部长：土耳其正在为叙利亚提供军事培训、咨询，并加强其防御能力。与以色列就叙利亚 冲突降级持续进行技术层面会谈；不意味着与以色列关系正常化。 ...