Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View - The methanol 2509 contract is expected to run strongly, with short - term and medium - term trends being oscillatory, and an intraday trend being oscillatory and strong [1][5]. - Due to the weakening of geopolitical factors, the prices of domestic and international crude oil futures and international methanol prices have declined. After a sharp drop on Tuesday and an oscillatory stabilization on Wednesday, the domestic methanol futures maintained an oscillatory and strong trend on Thursday night, with the futures price rising slightly by 0.67% to 2418 yuan/ton. It is expected that the domestic methanol futures 2509 contract may maintain an oscillatory and strong trend on Friday [5]. 3. Summary by Relevant Catalog Variety Morning Meeting Minutes - For methanol 2509, the short - term trend is oscillatory, the medium - term trend is oscillatory, the intraday trend is oscillatory and strong, and the reference view is a strong operation. The core logic is that there are differences between long and short positions, and methanol has oscillated and stabilized [1]. Main Variety Price Market Driving Logic - Commodity Futures Energy and Chemical Sector - The intraday view of methanol is oscillatory and strong, and the medium - term view is oscillatory. The reference view is a strong operation. The core logic is that the weakening of geopolitical factors has led to a decline in the prices of domestic and international crude oil futures and international methanol prices. After a sharp drop on Tuesday and an oscillatory stabilization on Wednesday, the domestic methanol futures maintained an oscillatory and strong trend on Thursday night, with the futures price rising slightly by 0.67% to 2418 yuan/ton. It is expected that the domestic methanol futures 2509 contract may maintain an oscillatory and strong trend on Friday [5].

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The methanol 2509 contract is expected to run strongly, with short - term and medium - term trends being oscillatory, and an intraday trend of oscillating strongly [1][5] - The geopolitical factor weakens, and the domestic methanol futures 2509 contract may maintain an oscillating and strongly - biased trend on Thursday [5] Group 3: Summary by Related Catalogs Price and Trend - After experiencing a sharp decline on Tuesday and stabilizing on Wednesday, the domestic methanol futures had an oversold rebound on Wednesday night, with the futures price rising slightly by 1.30% to 2419 yuan/ton [5] Market Logic - As US President Trump's comments indicated the end of the conflict between Iran and Israel, and then the two countries announced a formal cease - fire, the geopolitical trading logic weakened. The prices of domestic and foreign crude oil futures and international methanol prices declined [5]

Group 1: Report Industry Investment Rating - Not provided Group 2: Report's Core View - The short - term view of methanol 2509 is weakening, the medium - term view is fluctuating, and the intraday view is weakly fluctuating. The reference view is a weakening trend. The main reason is that the geopolitical factors have weakened, and the previous gains of methanol have been reversed. It is expected that the domestic methanol futures 2509 contract may maintain a weakly fluctuating trend on Tuesday [1][5]. Group 3: Summary by Related Content Methanol Market Situation - After the missile exchanges between Iran and Israel over the weekend, Iran took the initiative to ease the tense relationship, and the market's concerns about the conflict may cool down, leading to a weakening of geopolitical factors [5]. - Iran is an important methanol producer and exporter globally, with an annual methanol production capacity of over 20 million tons, accounting for about 15% of the global total capacity, and an annual export volume of about 8 million tons. More than half of China's 13.5 million tons of imported methanol in 2024 came from Iran [5]. - Currently, 4 sets of methanol plants in Iran with a total capacity of 6.6 million tons have been confirmed to be shut down, and the operating load of the remaining plants is low [5]. - On the night of Monday this week, the domestic methanol futures 2509 contract declined slightly by 1.19% to 2417 yuan/ton [5].