Report Investment Rating - Not provided Core Viewpoints - Port inventory has declined, and port basis is firm. The market is driven by news about whether Iranian sanctioned ships can dock. There are concerns about potential relaxation of sanctions on Iran, and China's new special port dues may affect some US - owned methanol ships' docking [3] - Coal - based methanol operating rate in the inland region has rebounded, and inland inventory is gradually increasing, weakening the support for ports [3] Summary by Directory I. Methanol Basis & Inter - term Structure - Includes figures showing methanol basis in different regions (such as methanol in Taicang, Lunan, Inner Mongolia North Line, etc.) relative to the main futures contract, and the price differences between different methanol futures contracts (e.g., 01 - 05, 05 - 09, 09 - 01) [7][11][21] II. Methanol Production Profit, MTO Profit, Import Profit - Involves figures about Inner Mongolia coal - based methanol production profit, East China MTO profit, and import price differences between different regions (e.g., Taicang - CFR China, CFR Southeast Asia - CFR China, etc.) [25][29][30] III. Methanol Operation and Inventory - Figures present methanol port total inventory, MTO/P operating rate, inland factory sample inventory, and China's methanol operating rate (including integrated operations) [34][42] IV. Regional Price Differences - Shows price differences between different regions, such as Lubei - Northwest - 280, East China - Inner Mongolia - 550, Taicang - Lunan - 250, etc. [36][46][49] V. Traditional Downstream Profits - Contains figures about the production profits of traditional downstream products like Shandong formaldehyde, Jiangsu acetic acid, Shandong MTBE isomerization etherification, and Henan dimethyl ether [56][58] Market Data Summary Inland Region - Q5500 Ordos thermal coal is 465 yuan/ton (unchanged), and Inner Mongolia coal - based methanol production profit is 660 yuan/ton (down 18 yuan). Inner Mongolia North Line methanol price is 2065 yuan/ton (down 18 yuan), and its basis is 367 yuan/ton (down 42 yuan). Inner Mongolia South Line is 2050 yuan/ton (unchanged). Shandong Linyi is 2320 yuan/ton (unchanged), and its basis is 222 yuan/ton (down 24 yuan). Henan is 2175 yuan/ton (down 20 yuan), and its basis is 77 yuan/ton (down 44 yuan). Hebei is 2235 yuan/ton (unchanged), and its basis is 197 yuan/ton (down 24 yuan) [1] - Longzhong's inland factory inventory is 360,900 tons (up 21,500 tons), and Northwest factory inventory is 223,000 tons (up 19,000 tons). Inland factory pending orders are 228,910 tons (up 113,670 tons), and Northwest factory pending orders are 136,730 tons (up 73,530 tons) [1] Port Region - Taicang methanol is 2317 yuan/ton (up 32 yuan), and its basis is 19 yuan/ton (up 8 yuan). CFR China is 261 US dollars/ton (down 3 US dollars), and the East China import price difference is 1 yuan/ton (up 11 yuan). Changzhou methanol is 2405 yuan/ton, and Guangdong methanol is 2285 yuan/ton (up 15 yuan), with a basis of - 13 yuan/ton (down 9 yuan) [2] - Longzhong's port total inventory is 1,491,360 tons (down 51,870 tons), Jiangsu port inventory is 773,000 tons (down 20,000 tons), Zhejiang port inventory is 224,000 tons (down 63,500 tons), and Guangdong port inventory is 323,000 tons (up 23,000 tons). The downstream MTO operating rate is 92.39% (up 0.50%) [2] Regional Price Differences - Lubei - Northwest - 280 price difference is - 55 yuan/ton (up 8 yuan), Taicang - Inner Mongolia - 550 price difference is - 298 yuan/ton (up 50 yuan), Taicang - Lunan - 250 price difference is - 253 yuan/ton (up 32 yuan), Lunan - Taicang - 100 price difference is - 97 yuan/ton (down 32 yuan), Guangdong - East China - 180 price difference is - 212 yuan/ton (down 17 yuan), and East China - Sichuan - Chongqing - 200 price difference is - 103 yuan/ton (up 32 yuan) [2] Strategy - Unilateral: Wait and see - Inter - term: Go long on the spread of MA2601 - MA2605 when the price is low - Cross - variety: Shorten the spread of PP01 - 3MA01 when the price is high [4]

特朗普称已停止所有解除针对伊朗制裁的工作 智通财经6月28日电，据央视新闻，当地时间6月27日，美国总统特朗普在其社交媒体平台"真实社交"上 发文表示，伊朗最高领袖哈梅内伊明知自己的声明是谎言，却宣称伊朗赢得了对以战争，而事实并非如 此。 特朗普称，伊朗的三个核设施被摧毁，而他确切地知道哈梅内伊藏身何处，他不会让以色列或者美国武 装部队终结哈梅内伊的生命。特朗普表示，在战争的最后关头，他还要求以色列调回一支规模庞大的空 军部队，这些空军部队直飞德黑兰，意图制造一场大战。这将是迄今为止最大规模的袭击，且将会造成 巨大的破坏，许多伊朗人将丧生。 特朗普表示，在过去的几天里，他一直在努力争取解除制裁以及其他一些措施，为伊朗提供更好的机 会，使其能够全面、快速、彻底地恢复元气，然而却遭到了反击。特朗普称其立即放弃了所有解除制裁 的工作。 当天稍早时，特朗普曾表示，将回应哈梅内伊关于赢得战争的声明。 ...

特朗普：已停止全部关于解除伊朗制裁的工作 金十数据6月28日讯，美国总统特朗普在社交媒体最新发文："哈梅内伊明明知道自己在说谎，还要如此 厚颜无耻且愚蠢地宣称他赢得了与以色列的战争。我清楚地知道他的藏身之处——本可以让以色列或世 界上最强大美军结束他的生命。是我把他拯救出来！最近几天，我一直在研究可能解除制裁等事宜，这 本来能让伊朗有更好机会实现全面快速的复苏——制裁正在造成严重伤害！但相反，我得到的却是充满 愤怒、仇恨和厌恶的声明， 于是我立即停止了所有关于解除制裁的工作。伊朗必须重新融入世界秩 序，否则他们的处境只会更糟。我希望伊朗领导层能明白，用蜜糖往往比用醋能得到更多。" ...

来源：央视新闻 声明表示，当日的行动旨在进一步执行国家安全总统备忘录，该备忘录指示阻止伊朗发展导弹和其 它武器能力，并阻止伊朗革命卫队及其代理人获取维持其破坏稳定活动的资源。 据央视新闻消息， 当地时间6月20日，美国财政部外国资产控制办公室发布声明，宣布将一名个人 和八家实体以及一艘船只列入冻结财产名单，原因是他们涉嫌为伊朗国防工业采购和转运敏感机 械。 ...

美国发布新的伊朗相关制裁 智通财经6月20日电，据央视新闻，当地时间6月20日，美国财政部外国资产控制办公室发布声明，宣布 将一名个人和八家实体以及一艘船只列入冻结财产名单，原因是他们涉嫌为伊朗国防工业采购和转运敏 感机械。声明表示，当日的行动旨在进一步执行国家安全总统备忘录，该备忘录指示阻止伊朗发展导弹 和其它武器能力，并阻止伊朗革命卫队及其代理人获取维持其破坏稳定活动的资源。 ...

美国财政部网站发布新一轮伊朗制裁措施。 ...

美国财政部：美国将对一名个人、数家实体和两艘船只实施新一轮伊朗相关制裁。 ...