1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - In September, the methanol market maintained a narrow - range oscillation. Although the port inventory reached a new high and the structure weakened, the decline was small due to market expectations of supply - demand improvement in the peak season. After the National Day, the port inventory further increased, and combined with the decline of energy - chemical products such as crude oil, the market broke through the support level and declined. Currently, the real - world port situation remains weak, and the inventory is still at a high level. The supply is under pressure with high domestic production and increasing imports, while the demand has weakened. However, the cost - performance of short - selling is not high, and the subsequent fundamentals may improve marginally, so it is recommended to wait and see [11]. 3. Summary by Directory 3.1 Monthly Assessment and Strategy Recommendation - **Market Summary**: In September, the domestic methanol production was 809 million tons, a month - on - month decline but a year - on - year increase. With the return of previously shut - down devices, the domestic operating rate has returned to a high level. The traditional demand in the peak season in September improved slightly, but the overall profit is poor, and the terminal demand has not improved significantly. The cost - end support is not obvious, the basis is stable at a low level, and the 1 - 5 spread has reached a new low. The methanol valuation is moderately high, and the port inventory has increased significantly, reaching 1.54 million tons, a year - on - year high, while the inventory of inland enterprises is relatively healthy at 339,000 tons, a year - on - year low [11]. - **Market Logic**: The energy - chemical sector declined weakly, and the supply - demand situation of methanol itself remained weak, with the inland market weaker than the port market, leading to the market's downward breakthrough [11]. - **Strategy**: Wait and see [11]. 3.2 Periodic and Spot Market - **Price Changes**: In September, the prices of some methanol contracts and spot markets changed. For example, the 09 contract increased by 125 yuan/ton, the 01 contract decreased by 33 yuan/ton, and the 05 contract decreased by 10 yuan/ton. Among the domestic spot markets, the prices in Jiangsu, Inner Mongolia, and Xinjiang increased, while those in Hebei and Shanxi decreased [12]. - **Trading Volume and Open Interest**: The market showed an increase in open interest and a decline in price [22]. 3.3 Profit and Inventory - **Raw Material Prices**: The prices of raw materials such as IPE UK natural gas, NYMEX natural gas, and动力煤 (thermal coal) fluctuated [33][35][37]. - **Production Profit**: The coal - to - methanol production profit in Inner Mongolia and other places showed a downward trend from a high level, and the MTO profit also decreased [11]. - **Inventory Situation**: The port inventory is at a historical high, while the factory inventory is at a year - on - year low [44][46]. 3.4 Supply Side - **Capacity**: New methanol production capacities are being put into operation, with a total of 7.45 million tons of new capacity from several enterprises in the northwest region expected to be gradually put into production from 2025 [55]. - **Production and Operating Rate**: The domestic methanol operating rate and weekly production have returned to high levels, and the overseas methanol operating rate also shows certain trends [57][58][60]. - **Imports**: The import volume and arrival volume have increased, and the import volume from countries such as Iran, Oman, and Saudi Arabia shows different trends [64][67][69]. - **Price Spreads**: There are various price spreads, including international price spreads and domestic regional price spreads, which reflect the market's supply - demand relationship and cost differences [76][79]. 3.5 Demand Side - **Demand Projection**: The consumption and end - of - period inventory of methanol show certain trends over time [86]. - **Methanol - to - Olefins**: The olefin operating rate and the operating rate of MTO in Jiangsu and Zhejiang have reached high levels, but the profit of MTO has declined. The production profits of different PP production processes also show different trends [88][90][97]. - **Downstream Products**: The operating rates and profits of downstream products such as acetic acid, formaldehyde, and MTBE show different trends [109][112][114]. 3.6 Option - related - **Option Volume and Open Interest**: The option trading volume and open interest of methanol show certain characteristics, and the PCR of option open interest and trading volume also has corresponding values [121]. - **Option Volatility**: The historical volatility and implied volatility of methanol options show certain trends [123]. 3.7 Industrial Structure Diagram - **Industrial Chain Diagram**: The methanol industrial chain and research framework analysis mind - map are presented, showing the overall structure and analysis framework of the methanol industry [126][128].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The domestic methanol market is expected to maintain a downward - prone trend due to weak supply - demand fundamentals, with high supply pressure from device resumption and increasing external imports, as well as sluggish downstream demand [2][9] Summary by Related Aspects Supply - Since the third quarter of this year, methanol supply in the Middle East, Southeast Asia, and South America has been abundant. Iranian device restarted with increased operating rate, and India's shift to non - Iranian sources led to more Iranian shipments to China. Excess methanol from Europe also flowed to China, pushing up imports. It's estimated that China's methanol imports in August might be 1.4 - 1.5 million tons and could remain at 1.4 - 1.45 million tons in September [2][4] - Since September, some domestic methanol devices have been under maintenance, causing a decline in weekly operating rate and output. As of September 19, the average domestic methanol operating rate was 79.39%, down 1.81% week - on - week, 1.26% month - on - month, and 1.53% year - on - year. The weekly output was 1.8132 million tons, down 0.1061 million tons week - on - week, 0.0842 million tons month - on - month, and 0.0302 million tons year - on - year. September output is expected to drop to 7.8 million tons, but supply pressure will increase again after the National Day as devices resume production [3] Demand - Although the domestic methanol market has entered the traditional peak consumption season, the recovery of olefin demand has fallen short of expectations. As of September 19, the average operating load of domestic coal (methanol) to olefin devices was 82.88%, up 3.58% month - on - month, and the futures profit was - 183 yuan/ton, down 26 yuan/ton month - on - month [5][7] - The traditional downstream demand for methanol was also under - performing. As of September 19, the formaldehyde operating rate was 31.54%, up 1.06 percentage points week - on - week; the dimethyl ether operating rate was 6.68%, down 0.11 percentage points week - on - week; the acetic acid operating rate was 75.72%, down 3.84 percentage points week - on - week; the MTBE operating rate was 57.66%, up 1.85 percentage points week - on - week [7] Inventory - As of September 19, the methanol inventory in ports of East and South China was 1.3298 million tons, up 0.0625 million tons week - on - week, 0.3956 million tons month - on - month, and 0.4872 million tons year - on - year. The high import volume and weak downstream demand led to a continuous increase in coastal port methanol inventory [4] Market Performance - Since this week, the main contract MA2601 of domestic methanol futures has continued a weak and volatile trend, with the price center steadily moving down to the range of 2300 - 2350 yuan/ton [2]

Group 1 - The core viewpoint indicates that the domestic methanol futures market is returning to a weak fundamental-driven trend due to high supply pressure and weak demand, with prices expected to remain under pressure [1] - Domestic methanol production has decreased due to maintenance of several methanol plants, with an average operating rate of 79.39% and a weekly production average of 181.32 million tons, reflecting a significant drop [2] - The import volume of methanol is at a near two-year high, with expectations of continued high imports into the fourth quarter, contributing to increased port inventories [3] Group 2 - Despite entering the traditional consumption peak season, the recovery in olefin demand is below expectations, with the average operating load of coal (methanol) to olefin plants at 82.88% [5] - The downstream demand for methanol remains weak, with various downstream products showing low operating rates, such as formaldehyde at 31.54% and dimethyl ether at 6.68% [5] - Overall, the domestic methanol market is expected to maintain a trend of being difficult to rise due to the combination of high supply and weak demand [7]

Group 1: Report Industry Investment Rating - The investment rating for the methanol industry is "Weak Oscillation" [2] Group 2: Report's Core View - Next week is the last procurement week before the National Day, but due to poor profitability in downstream industries, the resistance to high - priced raw materials has increased. The demand side has limited ability to boost the methanol market. Additionally, high inventory in port areas will likely lead to low - level price oscillations, which will negatively impact the inland market. Without sudden macro - positive factors, the methanol market is expected to operate weakly next week. However, the low inventory of inland factories will limit the price decline to some extent [2] Group 3: Summary by Relevant Catalogs Supply - Domestic supply has contracted this week due to production capacity losses from device overhauls and production cuts exceeding the output supplemented by restored production capacity. The overall operating rate has slightly decreased, mainly dragged down by declines in East and North China, with only a slight increase in the Northwest [2] - Import volume has also contracted, with about 350,000 tons imported this week. The expected arrival next week is 340,000 tons, a 3% decrease from the previous week [2] Demand - Overall domestic demand shows a differentiated pattern. National Day stocking is restricted by reality, with traditional downstream industries having low profitability and limited stocking. Although the MTO load has increased, some industries like formaldehyde are in continuous losses [2] - The olefin sector is performing steadily, with the operating rate slightly rising. Some olefin plants in the Northwest are continuously inquiring about external purchases, but the restart of some plants may reduce external purchases next week [2] - Traditional downstream industries are also differentiated. The capacity utilization rates of dimethyl ether and methane chloride have changed, while the operating rates of formaldehyde and glacial acetic acid have decreased [2] Inventory - The inventory removal pace inland has slowed down, and port inventory has shown narrow fluctuations. There is still short - term inventory removal momentum [2] - Port inventory is 1.5578 million tons, a week - on - week increase of 7,500 tons (a year - on - year increase of 56.06%). It is expected to continue to accumulate next week due to weakened spot buying and restocking demand [2] - Inland enterprise inventory is 340,500 tons, maintaining an inventory removal trend but at a slower pace. It is expected to continue to decline next week [2] Profit - The price of thermal coal in Inner Mongolia has risen, increasing the production cost pressure of methanol. The theoretical profit of coal - based methanol has slightly shrunk [2] - Profits vary by process and downstream industry. Coal - based methanol profits have declined, while profits from coke oven gas - based and gas - based methanol have slightly recovered. Profits of some downstream industries have changed, with glacial acetic acid and MTBE improving, while methane chloride and dimethyl ether have worsened [2] Macro and Geopolitical Factors - Iran's National Gas Company has implemented a 10 - day gas restriction on petrochemical parks since September 19, affecting three 3.3 - million - ton methanol plants [2] Trading Strategy - For unilateral trading, it is recommended to wait and see. For arbitrage, a long - short spread strategy of MA1 - 5 is recommended [2]

Industry Investment Rating - Not mentioned in the report Core Viewpoints - Last week, methanol futures trended weakly due to high port inventories and expected high import supplies. The methanol spot market performed well driven by the favorable inland market and positive macro - expectations. In the short term, the domestic methanol market is expected to fluctuate and consolidate. Before the substantial destocking of methanol ports driven by improved supply - demand, the methanol futures price may fluctuate within a range, and a short strangle strategy can be considered [6][8][9][10] Summary by Directory 1. Methanol Trend Review - Last week, methanol futures trended weakly. By Friday afternoon's close, the weighted methanol price was 2,367 yuan/ton, down 1.41% from the previous week. In the spot market, port methanol inventories hit a record high, but prices were slightly stronger due to macro - benefits and news. In the inland market, downstream buying sentiment was positive due to increased olefin external procurement and low enterprise inventories [12] 2. Methanol Fundamental Analysis - **Production**: Last week, China's methanol production was 1,919,265 tons, a decrease of 43,550 tons from the previous week. The capacity utilization rate was 84.58%, a 2.37% week - on - week decline. More devices were under maintenance than restarted [13][15] - **Downstream Demand**: As of September 11, the capacity utilization rates of some downstream methanol products showed different trends. For example, the weekly average capacity utilization rate of MTO devices in the Jiangsu - Zhejiang region was 64.69%, up 0.31 percentage points from the previous week [18] - **Enterprise Inventory**: As of September 10, the inventory of China's methanol sample production enterprises was 342,600 tons, a decrease of 4,500 tons from the previous period, a 1.31% week - on - week decline. The order backlog of sample enterprises was 250,700 tons, an increase of 9,400 tons from the previous period, a 3.91% week - on - week increase [22] - **Port Inventory**: As of September 10, the sample inventory of Chinese methanol ports was 1,550,300 tons, an increase of 122,600 tons from the previous period, an 8.59% week - on - week increase. Ports continued to accumulate inventory [24] - **Profit**: Last week, the average weekly profit of domestic methanol samples improved. The profits of coal - based and coke - oven gas - based methanol increased, and the losses of natural - gas - based methanol narrowed [27] 3. Methanol Trend Outlook - **Supply**: This week, more domestic methanol devices are expected to restart than be under maintenance. China's methanol production is expected to be about 1.9449 million tons, and the capacity utilization rate is about 85.71%, an increase from last week [31] - **Downstream Demand**: The operating rates of downstream products are expected to change. For example, the olefin industry's operating rate is expected to rise, while the formaldehyde capacity utilization rate is expected to decline. The inventory of sample production enterprises is expected to decrease slightly, and port inventories are expected to continue to accumulate [32][34] - **Overall Trend**: The improvement of methanol fundamentals is limited, and it is likely to fluctuate and consolidate in the short term [35]

Report Industry Investment Rating No relevant content provided. Core View of the Report - The macro - level has no positive news, and the supply - demand contradiction is becoming prominent. It is expected that the domestic methanol price may face downward pressure this week. The inland methanol price is expected to decline in the short - term due to increased supply and reduced demand, while the port is expected to continue to accumulate inventory, but the subsequent reverse flow of port goods to the inland may increase. Overall, in the short - term, the driving force is still downward, and it is expected that the methanol price will fluctuate this week, with MA2601 oscillating between 2340 - 2410 [5]. Summary According to the Directory 1. Daily Prompt - For MA2601, the macro - level is weak, and the supply - demand contradiction is prominent. The inland supply has increased significantly, while demand has decreased. The port is expected to accumulate inventory, but there are factors such as potential reverse flow to the inland and rising Indian prices. The basis shows that the spot is at a discount to the futures. As of August 28, 2025, the port inventory has increased significantly, the 20 - day line is downward, and the price is below the moving average. The main position is net long, but the long position has decreased. It is expected that the methanol price will oscillate this week, with MA2601 oscillating between 2340 - 2410 [5]. 2. Multi - and Short - term Concerns - **Likely to be Bullish**: Some domestic devices such as Yulin Kaiyue and Xinjiang Xinya have stopped production; Iranian methanol production has decreased, and port inventory is at a low level; a 600,000 - ton/year acetic acid device in Jingmen has started production, and a 600,000 - ton/year acetic acid device in Xinjiang Zhonghe Hezhong is planned to be put into production this month; CTO plants in the northwest are purchasing methanol [6]. - **Likely to be Bearish**: Some previously shut - down domestic devices such as Inner Mongolia Donghua have resumed production; there is expected to be a concentrated arrival of ships at the port in the second half of the month; the formaldehyde industry has entered the traditional off - season, and the MTBE operating rate has declined significantly; coal - based methanol has a certain profit margin and is actively selling; some factories in the production area have accumulated inventory due to poor sales [7]. 3. Fundamental Data - **Spot and Futures Prices**: The spot price of methanol in Jiangsu is 2265 yuan/ton, and the basis of the 01 contract is - 113, indicating that the spot is at a discount to the futures. The futures closing price is 2378 yuan/ton, down 4 yuan from the previous value. The import cost is 2298 yuan/ton, up 15 yuan from the previous value [5][8]. - **Price Changes**: The weekly change in the domestic methanol spot price in Jiangsu is 0.90%, in Shandong is 0.00%, in Hebei is - 1.32%, in Inner Mongolia is 0.37%, and in Fujian is 0.00%. The weekly change in the futures price is 0.72%, and the weekly change in the basis is 3 [9][11]. - **Operating Rates**: The weighted average operating rate across the country is 74.90%, down 3.81% from the previous week. The operating rates in East China, Shandong, Southwest, and Northwest are 80.65%, 68.71%, 44.06%, and 81.54% respectively, with varying degrees of decline compared to the previous week [8]. - **Inventory**: As of August 28, 2025, the total social inventory of methanol in the East and South China ports is 106.60 tons, a significant increase of 13.18 tons from the previous period. The total available and tradable methanol in the coastal areas has increased by 8.44 tons to 69.13 tons [5]. - **Traditional Downstream Product Prices**: The prices of traditional downstream products such as formaldehyde, dimethyl ether, and acetic acid have remained unchanged this week, with a weekly change of 0.00% [31]. - **Production Profits and Loads of Downstream Products**: The production profits of formaldehyde, dimethyl ether, acetic acid, and MTO have changed to different degrees, and their loads have also changed. For example, the formaldehyde production profit has increased by 13 yuan/ton, and the load has increased by 0.90% [35][38][42][47]. - **Methanol Warehouse Receipts and Effective Forecasts**: The warehouse receipts have increased by 2.98% to 10036, and the effective forecasts have increased by 176.50% to 5483 [54]. 4. Maintenance Status - **Domestic Methanol Plants**: Many domestic methanol plants are under maintenance or have reduced production, including those in the Northwest, East, Southwest, and Northeast regions. For example, Shaanxi Black Cat, Qinghai Zhonghao, and other plants are under maintenance [57]. - **Overseas Methanol Plants**: Some overseas methanol plants in Iran, Saudi Arabia, Malaysia, and other countries have different operating conditions, such as some plants in Iran are in the process of restarting, and some plants in the US have normal operations [58]. - **Olefin Plants**: Some domestic olefin plants are under maintenance or have normal operations. For example, Shaanxi Qingcheng Clean Energy's methanol and olefin plants are under synchronous maintenance, while some plants in Shaanxi, Inner Mongolia, and other regions are operating stably [59].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The macro - level has no positive factors, and the supply - demand contradiction of methanol is becoming prominent. It is expected that the domestic methanol price may face downward pressure this week. Inland methanol prices are likely to decline in the short - term due to increased supply and reduced demand. Port methanol is expected to see continuous inventory accumulation, but the reverse flow of port goods to the inland may increase. The short - term driving force remains downward under the weak reality, and the price is expected to fluctuate. MA2601 is expected to oscillate between 2340 - 2400 [5]. 3. Summary According to the Table of Contents 3.1 Daily Tips - The macro - level has no positive factors, and the supply - demand contradiction of methanol is prominent. The domestic methanol price may decline under pressure this week. Inland: recent maintenance devices are few, multiple methanol devices restarted in late August, supply has increased significantly, while demand from Ningxia CTO plants has decreased, and large - scale events in early September have affected demand in the North China region. The reverse flow of low - priced port goods also suppresses the inland market. Port: Iranian shipments are concentrated, and inventory is expected to accumulate; as prices fall, the reverse flow of port goods to the inland may increase; the Indian price is rising, and attention should be paid to the re - export window. The macro - level is cooling, and the fundamentals are weak, with the short - term driving force downward. The price of MA2601 is expected to oscillate between 2340 - 2400 [5]. 3.2 Multi - and Short - Term Concerns - **Liduo Factors**: Some devices are shut down (e.g., Yulin Kaiyue, Xinjiang Xinya); Iranian methanol production has decreased; port inventory is at a low level; a 600,000 - ton/year acetic acid device in Jingmen started production on May 16, and a 600,000 - ton/year acetic acid device in Xinjiang Zhonghe Hezhong is planned to be put into production this month; Northwest CTO plants are purchasing methanol [6]. - **Likong Factors**: Some previously shut - down devices have restarted (e.g., Inner Mongolia Donghua); port arrivals are expected to be concentrated in the second half of the month; formaldehyde has entered the traditional off - season; MTBE production has declined significantly; coal - based methanol has a certain profit margin and is actively selling; some factories in the production area have accumulated inventory due to poor sales [7]. 3.3 Fundamental Data - **Price**: The spot price of methanol in Jiangsu is 2265 yuan/ton, and the basis of the 01 contract is - 117, indicating that the spot price is at a discount to the futures price. The futures closing price is 2382 yuan/ton. The price of ring - Bohai thermal coal is 676 yuan/ton, CFR China main port is 259 US dollars/ton, and the import cost is 2282 yuan/ton [5][8]. - **Inventory**: As of August 28, 2025, the total social inventory of methanol in East and South China ports is 1066,000 tons, a significant increase of 131,800 tons from the previous period. The total available and tradable methanol in coastal areas (Jiangsu, Zhejiang, and South China) has increased by 84,400 tons to 691,300 tons [5]. - **Market Structure**: The 20 - day moving average is downward, and the price is below the moving average. The net long position of the main contract is decreasing [5]. - **Production Profit**: Coal - based methanol profit is 340 yuan/ton, natural gas - based methanol profit is - 40 yuan/ton, and coke oven gas - based methanol profit is 496 yuan/ton [19]. - **Downstream Products**: The prices of formaldehyde, dimethyl ether, and acetic acid have remained unchanged this week. The production profit of formaldehyde is - 185 yuan/ton, and the load is 25.42%; the production profit of dimethyl ether is 376 yuan/ton, and the load is 8.88%; the production profit of acetic acid is 61 yuan/ton, and the load is 82.42%; the production profit of MTO is - 510 yuan/ton, and the load is 79.84% [31][35][38][42][47]. 3.4 Maintenance Status - **Domestic Devices**: Multiple domestic methanol production devices are in maintenance, shutdown, or reduced - load operation, including Shaanxi Black Cat, Qinghai Zhonghao, Shaanxi Huangling, etc. [57]. - **Foreign Devices**: Some Iranian methanol devices are in the process of restarting, and devices in other countries such as Saudi Arabia, Malaysia, and the United States are generally operating normally, but some have low operating rates [58]. - **Olefin Devices**: Some domestic olefin devices are in maintenance, while others are operating stably. For example, Shaanxi Qingcheng Clean Energy's methanol and olefin devices are under maintenance, and Yan'an Energy and Shenhua Yulin's devices are operating stably [59].

Core Viewpoint - The methanol market is experiencing differentiated changes in supply and demand, with port inventories accumulating and domestic production gradually recovering [1] Supply Side - Social inventory at ports continues to accumulate, exerting pressure on prices [1] - Domestic methanol enterprises are gradually restarting their production facilities, leading to a steady recovery in supply capacity [1] Demand Side - There are positive signs in demand, with an expected increase in external procurement of olefins, providing some support to the market [1] - However, after a previous price increase, market transactions show signs of fatigue, and buyers' willingness to purchase has decreased, leading to price fluctuations at high levels [1] Market Dynamics - Future attention should be paid to the actual procurement strength of olefins and the pace of inventory reduction, as these factors will influence market sentiment [1] - The interconnection between domestic and port markets is crucial, as inventory transfers and price transmission will affect regional market performance [1] Macro Factors - The impact of macroeconomic logic on forward contracts should not be overlooked, as macro factors may influence methanol prices through market sentiment [1] - There is a cautionary note regarding the risk of further price pressure under conditions of supply-demand looseness [1]

Group 1 - The methanol market is experiencing differentiated changes in supply and demand, with port-side social inventory accumulating, which suppresses prices [1] - Domestic methanol enterprises are gradually restarting their production facilities, leading to a recovery in supply capacity [1] - There are positive signs on the demand side, with an expected increase in external procurement of olefins, providing support for the market [1] Group 2 - After a previous price increase, market transactions show signs of fatigue, with buyers' willingness to accept cargo decreasing, leading to a high-level price fluctuation phase [1] - Future attention should be paid to the procurement intensity of olefins and the pace of inventory reduction, which will impact the market [1] - The interconnection effects between the domestic and port markets, including inventory transfer and price transmission, will influence regional market performance [1] Group 3 - The macroeconomic logic post-rollover of contracts will have a significant impact on forward contracts, necessitating caution regarding the risk of further price pressure under a relaxed supply-demand scenario [1]

Core Viewpoint - The domestic methanol market is experiencing an oversupply situation, leading to a significant increase in port inventories and a high probability of price declines in the future [1][6]. Group 1: Inventory and Production - Port inventories of methanol have risen sharply, with domestic port inventory reaching 803,300 tons as of August 7, an increase of 454,700 tons since the end of April, representing a 130.44% rise [4]. - Domestic methanol production has seen a decrease in operational load, with the operational load at 81.61% as of August 7, down 9.7 percentage points from the end of June and 0.93 percentage points year-on-year [2]. - Despite low production loads, methanol production enterprises have low inventories, totaling 293,700 tons as of August 7, a decrease of 30,800 tons week-on-week, reflecting a 9.50% decline [2]. Group 2: Price Trends - Methanol prices have shown a weak trend, with the main futures contract closing at 2,389 yuan/ton on August 11, down 5.4% from the high of 2,525 yuan/ton on July 25 [1]. - The overall market conditions indicate that methanol prices are likely to face downward pressure due to rising port inventories and weak downstream demand [6]. Group 3: Downstream Demand - Traditional downstream sectors for methanol, including formaldehyde and dimethyl ether, are facing significant losses, with losses per ton reported at 105 yuan for formaldehyde and 365 yuan for acetic acid as of August 7 [5]. - The operational load for coal-to-olefins, which constitutes a significant portion of methanol demand, is at 76.7%, showing a slight year-on-year increase, but recent profit recovery is insufficient to stimulate the resumption of previously halted production [5]. Group 4: Future Outlook - The methanol market is expected to remain in an oversupply situation, with continuous pressure on prices due to rising port inventories and weak downstream demand [6]. - Methanol enterprises may consider reducing prices to downstream sectors to address the current imbalances in profit distribution within the industry [6].