Core Viewpoint - The hydrogen energy industry is entering a new phase characterized by policy guidance and technological innovation, with significant growth in the Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) markets, despite a decline in fuel cell vehicle production and sales [4][6]. Group 1: Overall Situation - In the first half of 2025, there were 32 new SOC bidding projects, with a total power capacity reaching the megawatt level, marking a year-on-year increase of 167% [5][6]. - The total installed capacity of newly added SOC bidding projects in the first half of 2025 reached 1.5 MW, a staggering increase of 282% compared to the previous year [8]. Group 2: Product Type Situation - Among the 32 new bidding projects, SOFC, SOEC, and Reversible Solid Oxide Cells (RSOC) accounted for 60%, 34%, and 6% respectively, indicating a notable growth in SOEC projects [11]. - There has been an increase in projects using methanol and ammonia as fuels, showcasing the adaptability of SOFC technology [13]. Group 3: Winning Enterprises Situation - A total of 13 enterprises have won bids, with Xi'an Rare Institute leading in the number of projects, while Proton Power and Yijing Energy are tied for the highest installed capacity [18][20]. - The trend of enterprises exploring international markets is increasing, with Yijing Energy reporting three overseas projects in the first half of the year [17]. Group 4: Emerging Applications - There is a growing number of projects in marine applications and hydrogen-electric coupling, indicating a shift towards diverse applications of SOC technology [15]. - The exploration spirit of enterprises in SOC demonstration projects is noteworthy, with significant advancements in various applications, including mobile and fixed power generation systems [15].

Group 1 - Neuralink expects its "telepathy" brain-machine interface device to receive regulatory approval by 2029, with plans to implant chips in 20,000 people annually by 2031, generating at least $1 billion in annual revenue [1] - The first "Sichuan-made" earth pressure balance shield machine, Chuan Shan Jia No. 1, has been launched in Chengdu, marking a significant step in high-end equipment manufacturing in Sichuan [1] - The first large-scale continuous production project of wind power coupled with biomass green methanol has been launched in Taining, Jilin, with green methanol primarily sold to shipping companies for carbon reduction [1] Group 2 - Japan's new H3 rocket has completed a static ignition test, aiming to reduce launch costs to approximately 5 billion yen (around 240 million RMB), which is about half the cost of the retired H2A rocket [1]

Group 1: Urban Development and Smart Cities - The Central Urban Work Conference emphasized optimizing modern urban systems and developing modern urban clusters and metropolitan areas [1] - Smart city construction is identified as a core driver of economic growth and urban governance modernization in China, with a projected market size of 45.3 trillion yuan by 2025 and a CAGR of 25.2% from 2020 to 2025 [1] Group 2: Methanol Industry - The first batch of green methanol products from a biomass coupling project in Jilin Province has been successfully produced, with an initial annual capacity of 50,000 tons and a projected total capacity of 250,000 tons upon full production [2] - Green methanol is seen as a key carrier for low-carbon transition, with global production expected to exceed 30 million tons by 2030, and China's planned capacity exceeding 14.95 million tons [2] Group 3: Robotaxi Market - Tesla is testing its Robotaxi technology in Texas and plans to expand to the San Francisco Bay Area, with the U.S. Robotaxi market expected to reach $36.5 billion by 2035 [3] - The Chinese Robotaxi market is projected to reach $44.5 billion by 2035, with a CAGR of 96% from 2025 to 2035, driven by numerous domestic players [3] Group 4: Humanoid Robots - Huawei has launched the first embodied intelligence industry innovation center in Shenzhen, aiming to accelerate the development of the humanoid robot industry [4] - The market for embodied intelligence in China is expected to reach 5.295 billion yuan by 2025, with humanoid robots projected to account for 50% of the global market [4] Group 5: Semiconductor Industry - Nvidia's stock saw significant gains following the announcement of the H20 chip approved for sale in China, which is designed for AI acceleration [5] - The demand for high-performance chips is expected to drive growth in related equipment sectors, benefiting leading domestic manufacturers [6] Group 6: AI Agents - The AI agent concept is gaining traction, with new standards for AI agent operation safety being released, indicating a growing focus on autonomous AI applications [7]

Group 1 - The first "Soochow Super" event impact report has been released, highlighting the economic influence of sports events in stimulating urban consumption [2] - A survey conducted by the National Bureau of Statistics in Jiangsu Province involved 3,189 residents, showing increased public attention and reputation for the Jiangsu urban football league [2] Group 2 - The Hong Kong government announced the preliminary implementation phase of the "Guangdong Cars Southbound" plan, set to start in November with a daily quota of 100 vehicles allowed to enter Hong Kong [3] - The plan aims to enhance cross-border transportation and economic interaction between Hong Kong and Guangdong [3] Group 3 - Starting August 1, cash transactions exceeding 100,000 RMB for gold and diamonds must be reported to the Anti-Money Laundering Monitoring and Analysis Center [4] - This regulation is part of a broader effort to combat money laundering and terrorist financing in the precious metals and gemstones sector [4] Group 4 - Chongqing has introduced the first national standard for "no-dine-in delivery" services, aiming to enhance food safety and service quality in the delivery sector [5] - The standard will be implemented starting July 1, 2025, focusing on the entire service chain of no-dine-in delivery [5] Group 5 - Shenzhen Romoss Technology Co., Ltd. announced a change in its legal representative and is currently undergoing internal restructuring to prepare for new product launches [6] - The company, established in March 2012, has a registered capital of 6 million RMB [6] Group 6 - China National Offshore Oil Corporation (CNOOC) completed the first refueling of a domestic methanol dual-fuel container ship using green methanol derived from urban waste [7] - This marks a significant step in promoting sustainable fuel alternatives in the shipping industry [7] Group 7 - The first AI delivery vehicle in China, equipped with an "AI brain," was launched in Wuhan, featuring advanced functions such as identity recognition and route optimization [8] - This innovation represents a significant advancement in the logistics and delivery sector [8] Group 8 - Yushun Technology has applied for over 160 patents, primarily in the field of robotics, including humanoid and foot robots [9] - The company's first store opened in Zhengzhou, indicating its growth and innovation in the robotics industry [9] Group 9 - GAC Group announced that its first model developed in collaboration with Huawei is expected to be launched in 2026, targeting the high-end market [10] - The partnership aims to leverage both companies' strengths in technology and product development [10] Group 10 - A new global technology literature data platform, created by Chinese institutions, has been launched, featuring nearly 90 million high-quality scientific literature metadata [11] - This platform aims to break the Western monopoly in the field and is fully owned by Chinese entities [11] Group 11 - Tesla plans to introduce more affordable models by 2025 to enhance the accessibility of electric vehicles [13] - This initiative comes amid declining sales and aims to accelerate the adoption of electric vehicles [14] Group 12 - France has launched a plan to promote the integration of AI in businesses, targeting 100% of large enterprises and 80% of SMEs by 2030 [15] - The government will support this initiative through training and promotional activities [15] Group 13 - SoftBank's acquisition of Ampere Computing is under deeper scrutiny by the FTC, indicating potential regulatory challenges ahead [16] - This acquisition is part of SoftBank's strategy to strengthen its position in the semiconductor industry [16]

Group 1: General Information - Report Title: Methanol Daily Report [1] - Date: June 26, 2025 [2] - Researcher Information: Li Jin, Ren Junchi, Peng Haozhou, Peng Jinglin, Liu Youran, Li Jie, Feng Zeren [3] - Data Sources: Wind, CCB Futures Research and Development Department [5] Group 2: Market Performance - Futures Market: Methanol weighted contract increased positions and rebounded, with an increase of 12,464 lots, and the 09 main contract increased by 7,724 lots. The weighted contract showed a narrow - range oscillation and closed with a small - bodied positive line, rising 0.5% [5]. - Spot Market: The average spot transaction price of methanol in Jiangsu Taicang was 2,650 yuan/ton, up 10 yuan/ton from the previous day [6]. Group 3: Inventory Data - Domestic Production Enterprises: As of June 25, 2025, the inventory of domestic methanol sample production enterprises was 341,600 tons, a decrease of 25,800 tons (7.02%) from the previous period; the sample enterprise orders to be delivered were 240,700 tons, a decrease of 33,100 tons (12.08%) [6]. - Port Inventory: The total domestic methanol port inventory was 670,500 tons, an increase of 84,100 tons from the previous data. Both East China and South China regions had inventory accumulation [6]. Group 4: Arrival Volume - Weekly Arrival: The weekly arrival volume of Chinese methanol samples was 301,400 tons, with a slight increase. Among them, foreign vessels accounted for 264,100 tons and domestic trade vessels supplemented 37,300 tons [6]. Group 5: Market Outlook - Short - term Trend: The driving factor of geopolitical conflicts on the market has weakened, the amplitude of methanol has converged, and it will mainly oscillate in the short term. Technically, it also shows an oscillating trend [6]. Group 6: Contract - Specific Data - MA2501: Opened at 2,401, closed at 2,417, with a high of 2,425, a low of 2,399, a rise of 0.42%, a trading volume of 80,377, an open interest of 242,523, an increase of 4,963 in open interest, and a speculation degree of 0.33 [7]. - MA2505: Opened at 2,322, closed at 2,328, with a high of 2,330, a low of 2,315, a rise of 0.30%, a trading volume of 1,195, an open interest of 5,235, a decrease of 81 in open interest, and a speculation degree of 0.23 [7]. - MA2509: Opened at 2,383, closed at 2,391, with a high of 2,400, a low of 2,375, a rise of 0.50%, a trading volume of 1,052,872, an open interest of 904,459, an increase of 7,724 in open interest, and a speculation degree of 1.16 [7]. Group 7: Industry News - Investment Project: Jidian Co., Ltd. plans to invest 4.92 billion yuan through its subsidiary to build the Lishu Green Methanol Innovation Demonstration Project, an important step towards the green hydrogen - based energy field [12].

Group 1 - The board of directors of Jilin Electric Power Co., Ltd. held a meeting to discuss various proposals, including the appointment of a new vice president and investment projects [1][2] - The board approved the appointment of He Lu as the vice president, with 8 votes in favor and no opposition [1][2] - The board also approved the investment in the Pear Tree Green Methanol Innovation Demonstration Project, with a total investment of 4.92 billion yuan, requiring at least 20% of the investment to be funded by the company's own capital [1][2] Group 2 - Several management regulations were revised and approved during the meeting, including the investment management regulations and investor relations management regulations, all receiving unanimous support [2][3][4] - The board decided to hold the third temporary shareholders' meeting of 2025, with the equity registration date set for July 1, 2025, to discuss the investment project [4][5] - He Lu, the newly appointed vice president, has a strong background in engineering and has held various leadership positions in related industries [5][6]

Group 1: Green Methanol Project - The 11th China (Shanghai) International Technology Import and Export Fair opened with nearly a thousand exhibitors, showcasing advanced technologies including a commercial green methanol plant [1] - Shanghai Electric's green methanol integrated demonstration project in Jilin is expected to produce its first batch of green methanol by early July, marking it as the first large-scale commercial green methanol project in China [1] - Green methanol, produced from green hydrogen and biomass, has over a 65% reduction in carbon emissions compared to conventional methanol throughout its lifecycle [1] Group 2: Production Capacity and Collaboration - The Shanghai Electric project plans to implement in two phases, with an initial capacity of 50,000 tons per year, expanding to 200,000 tons per year in the second phase, aiming for a total capacity of 250,000 tons by 2027 [5] - The project utilizes a world-first pure oxygen pressurized fluidized bed biomass gasification system, capable of processing 300 tons of biomass per day [5] - A long-term supply agreement was signed between Shanghai Electric, CMA CGM Group, and Shanghai Port Group to transport green methanol from Jilin to Shanghai for commercial logistics vessels [5] Group 3: Shipping Industry and Decarbonization - The shipping industry is exploring various decarbonization technologies, with green methanol seen as a key player due to its suitability for large vessels [2] - Domestic planned green methanol projects have a total annual production capacity exceeding 10 million tons [2]

行业 甲醇日报 日期 2025 年 6 月 11 日 研究员：李金（甲醇） 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 研究员：任俊弛（PTA、MEG） 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 研究员：彭婧霖（聚烯烃） 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 研究员：刘悠然（纸浆） 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F3134307 能源化工研究团队 研究员：彭浩洲（尿素、工 ...

行业 甲醇日报 日期 2025 年 6 月 4 日 研究员：李金（甲醇） 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 研究员：任俊弛（PTA、MEG） 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 研究员：彭婧霖（聚烯烃） 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 研究员：刘悠然（纸浆） 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F3134307 能源化工研究团队 研究员：彭浩洲（尿素、工业 ...

行业 甲醇日报 日期 2025 年 5 月 30 日 研究员：李金（甲醇） 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 研究员：任俊弛（PTA、MEG） 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 研究员：彭婧霖（聚烯烃） 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 研究员：刘悠然（纸浆） 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F3134307 能源化工研究团队 研究员：彭浩洲（尿素、工 ...