Report Summary - **Report Industry Investment Rating**: Not provided - **Report's Core View**: Methanol futures are expected to run weakly in the short - term and show an oscillating trend in the medium - term, with an overall view of weak operation [1][5] - **Summary by Related Catalog**: - **Time - cycle View**: For the methanol 2601 contract, the short - term view is oscillating, the medium - term view is oscillating, and the intraday view is weak. The reference view suggests a weak operation [1] - **Core Logic**: After a previous stabilization and rebound, positive factors in the methanol futures market have been digested, and it has entered a stage of divergence between bulls and bears. In the future, more methanol plants in Iran will reduce production due to gas restrictions, leading to a decline in supply expectations and a reduction in China's import pressure. Port inventories may enter a destocking cycle. However, the current domestic methanol supply pressure still exists, which may offset the decline in supply. There is also an expectation of demand release during the heating season in northern China. Against the backdrop of short - term divergence between bulls and bears, domestic methanol futures closed slightly lower in an oscillating manner on the night of last Friday, and are expected to maintain a weak oscillating trend on Monday [5]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report The domestic methanol futures 2601 contract is expected to maintain a volatile and weak trend in the future, with short - term long - short divergence and a multi - factor influence on the market [1][5]. 3) Summary by Relevant Catalog Time - cycle Viewpoints - Short - term (within one week): The methanol 2601 contract is expected to be volatile [1]. - Medium - term (two weeks to one month): The methanol 2601 contract is expected to be volatile [1]. - Intraday: The methanol 2601 contract is expected to be weak, with a reference view of weak operation [1][5]. Core Logic - After a previous round of stable rebound, the bullish factors in the methanol futures market have been gradually digested, and the market has entered a stage of long - short divergence [5]. - In the future, more methanol plants in Iran will reduce production due to gas restrictions, leading to a decrease in supply expectations, a reduction in China's import pressure, and a possible de - stocking cycle for port inventories [5]. - However, the current domestic methanol supply pressure still exists, which may weaken the decline in supply [5]. - There is a release of rigid demand during the heating season in northern China, and there are future demand expectations [5].