1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints of the Report - The methanol 2601 contract is expected to run weakly, with short - term and medium - term trends being oscillatory and oscillatory - weak respectively, and the intraday trend also being oscillatory - weak [1][5]. - Due to recent Sino - US economic and trade consultations and positive policies released by the Fourth Plenary Session of the 20th Central Committee, the macro sentiment has improved. The cost - driven logic of methanol is emerging as domestic coal futures prices have stabilized and rebounded, offsetting the bearish trend created by the weak supply - demand structure. It is expected that the domestic methanol futures 2601 contract may maintain an oscillatory - weak trend on Tuesday [5]. 3. Summary by Relevant Content 3.1 Time - cycle and Viewpoint Information - For the methanol 2601 contract, the short - term view is oscillatory, the medium - term view is oscillatory - weak, and the intraday view is also oscillatory - weak, with a reference view of weak operation. The core logic is the suppression of the weak fundamentals [1]. 3.2 Price and Market Information - On the night session of Monday this week, the domestic methanol futures 2601 contract maintained an oscillatory - weak trend, with the futures price slightly down 0.53% to 2261 yuan/ton [5].

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The report believes that the methanol 2601 contract is expected to maintain a volatile and stable trend on Friday. Recently, due to the Sino - US economic and trade consultations and the positive policies released by the Fourth Plenary Session of the 20th Central Committee, the macro - sentiment has improved. With the significant strengthening of domestic coal futures prices, the cost - driven logic of methanol is prominent, offsetting the bearish trend created by the weak supply - demand structure. The improvement of macro factors and the strengthening of cost factors help repair the methanol valuation. On Thursday night, the domestic methanol futures 2601 contract showed a narrow - range consolidation, with the futures price slightly rising 0.40% to 2285 yuan/ton [5]. 3. Other Key Points - **Time Cycle Definition**: Short - term refers to within a week, and medium - term refers to two weeks to one month. For the intraday view, there are distinctions of "volatile and strong" or "volatile and weak", while short - term and medium - term views do not make such distinctions [1]. - **Price Fluctuation Criteria**: For varieties with night trading, the starting price is the night - trading closing price; for those without night trading, it is the previous day's closing price. The end price is the day - trading closing price. A decline of more than 1% is considered a fall, a decline of 0 - 1% is "volatile and weak", an increase of 0 - 1% is "volatile and strong", and an increase of more than 1% is considered a rise [2][3]. - **Methanol Market Outlook**: The short - term view of methanol is "volatile", the medium - term view is "volatile and weak", the intraday view is "volatile and strong", and the reference view is "strong operation" [1][5].

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report The methanol 2509 contract is expected to maintain a weak and volatile trend. In the short - term, it is slightly stronger in a volatile manner, in the medium - term it is volatile, and on the day it is slightly weaker in a volatile manner, with an overall view of weak operation [1][5]. 3) Summary by Related Catalogs Variety Morning Meeting Minutes - For the methanol 2509 contract, the short - term view is slightly stronger in a volatile manner, the medium - term view is volatile, the intraday view is slightly weaker in a volatile manner, and the overall view is weak operation. The core logic is that the cost drive has weakened, leading to a weak and volatile trend of methanol [1]. Main Variety Price Market Driving Logic - Commodity Futures Energy and Chemicals Sector - In the context of improved macro factors, the risk appetite in the commodity market has recovered. However, since the night session on Friday, the domestic coal futures prices have corrected from high levels, dragging the methanol futures 2509 contract to stop rising and turn down. With the weakening of the cost - drive logic, the weak supply - demand structure of methanol has once again dominated the futures price. On Monday night, the 2509 contract closed down 1.23% to 2412 yuan/ton. It is expected that the domestic methanol futures 2509 contract may maintain a weak and volatile trend on Tuesday [5].

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Report's Core View - The methanol 2509 contract is expected to run weakly, with a short - term view of being moderately strong, a medium - term view of being volatile, and an intraday view of being moderately weak. The main reason is that the cost driver has weakened, and the weak supply - demand structure of methanol is re - dominating the futures price [1][5] 3) Summary by Related Contents Price and Performance - Last Friday night, the domestic coal futures prices had a high - level correction and a sharp decline, which dragged the methanol futures 2509 contract down 2.80% to 2430 yuan/ton [5] Market Environment - Over the weekend, the US and Europe reached a trade agreement, and China and the US will hold an economic and trade meeting in Sweden at the end of this month. Against the backdrop of improved macro factors, the risk appetite in the commodity market has rebounded [5] Outlook - It is expected that the domestic methanol futures 2509 contract may maintain a moderately weak volatile trend on Monday [5] Definition of Price Movements - For commodities with night trading, the starting price is the night - trading closing price; for those without, it is the previous day's closing price. The ending price is the daily - session closing price. A decline greater than 1% is considered a fall, a decline of 0 - 1% is moderately weak, a rise of 0 - 1% is moderately strong, and a rise greater than 1% is a rise. Moderately strong/weak only applies to intraday views, not short - term and medium - term views [2][3][4]