Report Information - Report Date: June 25, 2025 [2] - Industry: Methanol [1] - Research Analysts: Li Jin (Methanol), Ren Junchi (PTA, MEG), Peng Haozhou (Urea, Industrial Silicon), Peng Jinglin (Polyolefins), Liu Youran (Pulp), Li Jie (Crude Oil, Fuel Oil), Feng Zeren (Glass, Soda Ash) [3][4] Core Viewpoints - The methanol weighted contract decreased with a reduction in positions. The 09 main contract also reduced positions. The weighted contract showed a trend of opening low and moving lower, with a large - bodied negative candlestick having a long lower shadow, and an overall decline of 4.68% [6]. - The average spot transaction price of methanol in Jiangsu Taicang was 2,640 yuan/ton, a decrease of 100 yuan/ton from the previous day. Geopolitical factors, such as the temporary cease - fire between Israel and Iran, led to a sharp drop in WTI crude oil and a limit - down in domestic crude oil, which dragged down the methanol price. The short - term price fluctuation of methanol exceeded the fundamental range [7]. - Technically, in the hourly cycle, the RSI indicator entered the oversold area after a third entry into the overbought area and then a correction. The MACD fast and slow lines started to run below the zero - axis with the green bars continuously lengthening. In the daily cycle, the MACD red bars continued to shorten, and the RSI indicator fell from the overbought area. The short - term adjustment continued, and the short - term trend was regarded as a wide - range oscillation [7]. Industry News - The core device of Goldwind Science & Technology's 500,000 - ton green methanol project using green hydrogen was successfully hoisted, marking the project's entry into the full - scale equipment installation phase and starting Xing'an League's acceleration in the hydrogen energy field [15]. - A 500,000 - ton/year methanol - to - ethanol project in Yulin, with a total investment of 6.868 billion yuan, held a progress meeting. The project consists of four parts and includes multiple production units, with the 250,000 - ton/year vinyl acetate and auxiliary devices to be built and put into operation first [15]. Futures Market Quotes | Contract | Opening Price | Closing Price | Highest Price | Lowest Price | Daily Change (%) | Trading Volume | Open Interest | Change in Open Interest | Speculation Degree | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | MA2501 | 2480 | 2407 | 2491 | 2350 | - 3.41% | 241,821 | 237,560 | - 5,280 | 1.02 | | MA2505 | 2403 | 2321 | 2407 | 2284 | - 3.53% | 4,601 | 5,316 | 88 | 0.87 | | MA2509 | 2488 | 2379 | 2495 | 2336 | - 4.99% | 2,891,579 | 896,735 | - 96,724 | 3.22 | [6]