Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - The methanol 2509 contract is expected to run weakly, showing a volatile and weak trend in the short - term, medium - term, and intraday periods [1][5]. 3. Summary by Related Catalogs 3.1 Time - cycle Viewpoints - **Short - term**: The methanol 2509 contract is expected to be volatile [1]. - **Medium - term**: The methanol 2509 contract is expected to be volatile [1]. - **Intraday**: The methanol 2509 contract is expected to be volatile and weak [1][5]. 3.2 Core Logic - As the previous macro - positive factors are gradually digested, the weak industrial supply - demand factors start to dominate the domestic methanol futures market. The domestic methanol supply pressure has rebounded, downstream demand improvement is limited, the futures profit of methanol - to - olefins has declined, which is not conducive to further destocking of port inventories. With the expected increase in external imports, the future social inventory accumulation pressure increases. Under the background that the weak industrial factors outweigh the macro factors, on Thursday night, the domestic methanol futures 2509 contract closed slightly lower by 0.44% to 2284 yuan/ton, and it is expected to maintain a volatile and weak trend on Friday [5].