1. Report Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core Viewpoints - Yesterday, methanol prices in many regions increased slightly. In the northwest main production area, enterprise inventories were low, and downstream and traders' willingness to restock at low prices increased, leading to higher enterprise auction transaction prices. Positive sentiment in the futures market drove smooth new - order transactions in the afternoon, and some enterprises stopped selling to support prices, pushing up spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after restocking at low prices. The market trend depends on downstream procurement transactions on Tuesday. In the short - term, methanol prices will fluctuate within a range, and in the medium - to long - term, the methanol spot market may shift from strong to weak and volatile [1]. 3. Summary by Relevant Catalogs 3.1 Price - Methanol prices: Prices in Taicang decreased by 20 yuan to 2430 yuan, and in Shandong decreased by 15 yuan to 2255 yuan. Other regions such as Inner Mongolia remained unchanged. International methanol prices in Southeast Asia, Northwest Europe, and the United States also remained stable [1]. - Associated product prices: The price of acetic acid decreased by 20 yuan to 2290 yuan, and MTBE decreased by 50 yuan to 5100 yuan. The prices of formaldehyde in Shandong, dimethyl ether, and methane chloride remained unchanged [1]. 3.2 Supply - Domestic production: It decreased by 1700 to 272788 [1]. - Domestic operating rate: It decreased by 0.53 percentage points to 84.73%, while the international operating rate remained at 70.07% [1]. - Imports: The arrival volume remained at 30.14 [1]. 3.3 Inventory - Enterprise inventory and port inventory remained unchanged at 341550 and 670500 respectively [1]. 3.4 Demand - The order backlog remained at 240700 [1]. 3.5 Operating Rates of Downstream Products - The operating rates of MTO, dimethyl ether, formaldehyde, wax dewaxing, chlorides, and MTBE remained unchanged [1].