Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report - 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 fluctuate [1]. 3) Summary by Related Catalogs Spot Price - Methanol prices in many domestic regions increased slightly. In the northwest main production area, enterprise inventories were low, and the willingness of downstream and traders to replenish at low prices increased, leading to higher auction transaction prices. The positive sentiment in the futures market drove smooth new order transactions in the afternoon, with some enterprises halting sales and raising prices, pushing up spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after previous low - price replenishment. The market trend depends on downstream procurement transactions on Tuesday [1]. - Specific price changes: prices of Sichuan - Chongqing LPG decreased by 135 to 4130, international natural gas decreased by 0.31 to 10.52, and prices in domestic regions such as Taicang, Inner Mongolia, and Shandong decreased by 20 [1]. Supply - Domestic methanol production decreased by 600 to 271075, and the domestic start - up rate decreased by 0.19 to 83.92, while the international start - up rate remained unchanged at 71.67 [1]. - The arrival volume and enterprise inventory remained unchanged at 35.80 and 293688 respectively, and the port inventory remained unchanged at 925480 [1]. Demand - The order backlog remained unchanged at 240800 [1]. Downstream Start - up - The start - up rates of most downstream industries remained unchanged, such as the MTOH start - up rate at 83.89, the dimethyl ether start - up rate at 5.33, etc. [1]. Associated Product Prices - Dimethyl ether prices increased by 20 to 3320, acetic acid prices increased by 40 to 2200, while MTBE AP prices decreased by 30 to 5020 [1].

Report Summary 1) Industry Investment Rating No industry investment rating is provided in the report. 2) Core View - In the short - term, methanol prices will fluctuate within a range. In the medium - to - long - term, the methanol spot market may shift from a strong to a weak - oscillating state [1]. 3) Summary by Relevant Categories Price Indicators - **Coal Prices**: The price of Jincheng anthracite remained at 900.00, and Inner Mongolia thermal coal stayed at 630.00 from August 8th to 11th, 2025 [1]. - **Liquefied Gas and Natural Gas Prices**: Sichuan - Chongqing liquefied gas dropped from 4330.00 to 4130.00, and international natural gas decreased from 11.07 to 10.86 during the same period [1]. - **Methanol Prices**: Most methanol prices remained stable, with only minor fluctuations in some regions. For example, the price in Shandong decreased from 2310.00 to 2300.00, and the price in Taicang dropped from 2375.00 to 2365.00 [1]. - **Associated Product Prices**: MTBE price decreased from 5130.00 to 5030.00, while the prices of other associated products such as acetic acid and dimethyl ether remained unchanged [1]. Supply - **Domestic Production**: Domestic methanol production decreased from 264005.00 to 263205.00, and domestic methanol operating rate dropped from 81.73 to 81.48. International operating rate remained at 71.67 [1]. - **Imports**: The arrival volume remained at 29.54 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 324520.00 and 808400.00 respectively [1]. Demand - The order backlog remained at 230725.00 [1]. Operating Rates of Downstream Products - The operating rates of most downstream products such as MTO, dimethyl ether, and formaldehyde remained unchanged [1].

Report Industry Investment Rating - Not provided in the report Core Viewpoints - Yesterday, the spot prices of methanol in many regions increased slightly. The inventory of enterprises in the northwest main production area was at a low level, and the willingness of downstream and traders to replenish at low prices increased, leading to higher transaction prices in enterprise auctions. The positive sentiment in the futures market drove smooth transactions of new local orders in the afternoon, and some enterprises stopped selling to support prices, pushing up the spot prices. The downstream market was mainly in a wait - and - see mode, and procurement became more rational after low - price replenishment. The market trend depends on the downstream procurement transactions on Tuesday. In the short term, the methanol price will fluctuate within a range, and in the medium to long term, the methanol spot market may change from strong to weak and fluctuate [1]. Summary by Relevant Catalogs Spot Price - The prices of Jincheng anthracite and Inner Mongolia steam coal remained unchanged at 900.00 and 630.00 respectively. The price of Sichuan - Chongqing LPG decreased by 20.00 to 4350.00, and the international natural gas price dropped by 0.12 to 11.30. The prices of methanol in Taicang and Shandong decreased by 5.00 to 2380.00 and 2330.00 respectively, while the price in Inner Mongolia remained at 2100.00. The prices in other regions such as China, Southeast Asia, Northwest Europe, and the United States remained unchanged [1]. Supply - Domestic methanol production decreased by 2050.00 to 261955.00, and the domestic operating rate decreased by 0.63 to 81.10. The international operating rate remained at 69.95, and the arrival weight remained at 29.54 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 324520.00 and 808400.00 respectively [1]. Demand - The order backlog remained at 230725.00. The prices of methanol from different sources such as Hebei coke oven gas, Inner Mongolia coal - based, Shandong coal - based, and Shanxi coal - based changed, with Inner Mongolia coal - based and Shandong coal - based increasing by 21.00, and Shanxi coal - based increasing by 23.00 [1]. Operating Rates - The operating rates of MTO, dimethyl ether, formaldehyde, wax dewaxing, chloride, MTBE, etc. remained unchanged, with the formaldehyde (Shandong) price remaining at 940.00, the dimethyl ether price at 3250.00, etc. [1]. Associated Product Prices - The price of methane chloride decreased by 50.00 to 2090.00, and the price of MTBE increased by 30.00 to 5050.00, while the prices of acetic acid and other products changed or remained unchanged [1].

Report Industry Investment Rating - Not provided Core View of the Report - 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 fluctuate [1] Summary by Relevant Catalogs Spot Price - On July 30, 2025, the price of Sichuan and Chongqing liquefied gas increased by 107 to 4450, international natural gas increased by 0.35 to 11.34, Taicang methanol increased by 10 to 2400, and Shandong methanol increased by 30 to 2290. The prices of MTBE increased by 50 to 5000. Other products' prices remained unchanged [1] Supply - On July 30, 2025, domestic methanol production decreased by 1500 to 276685, and domestic methanol operation rate decreased by 0.46 to 85.66. International operation rate remained unchanged at 69.71 [1] Inventory - On July 30, 2025, the arrival volume at the port, enterprise inventory, and port inventory of methanol remained unchanged, at 17.38, 339830, and 725800 respectively [1] Demand - On July 30, 2025, the order backlog of methanol remained unchanged at 244832 [1] Cost - On July 30, 2025, the cost of Inner Mongolia coal - based methanol increased by 4.2 to 1881.5, Shandong coal - based methanol increased by 4.2 to 2131.5, and Shanxi coal - based methanol increased by 4.6 to 1984.5. Other products' costs remained unchanged [1] Operating Rate - On July 30, 2025, the operating rates of various methanol downstream products remained unchanged, with the MTO operating rate at 84.95, dimethyl ether at 5.19, formaldehyde at 37.19, wax fragrance at 92.69, chloride at 75.79, and MTBE at 69.01 [1] Associated Product Prices - On July 30, 2025, the prices of formaldehyde (Shandong), dimethyl ether, acetic acid, and methane chloride remained unchanged, at 925, 3330, 2250, and 2060 respectively. The price of MTBE increased by 50 to 5000 [1]

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Core View - In the short - term, methanol prices will fluctuate within a range; in the medium - to long - term, the methanol spot market may shift from strong to weak and fluctuate [1]. 3. Summary by Relevant Catalogs a. Spot Price - On July 14, 2025, methanol prices in many domestic regions were slightly adjusted. The inventory of enterprises in the northwest main production area was at a low level, and the willingness of downstream and traders to replenish at low prices increased, leading to higher enterprise auction transaction prices. The positive sentiment in the futures market drove smooth transactions of new domestic orders in the afternoon, and some enterprises stopped selling to support prices, pushing up the general increase of spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after the previous low - price replenishment. The market trend depends on the downstream procurement transactions on Tuesday. For example, the price in Taicang increased from 2355.00 to 2370.00, an increase of 15.00; the price in Shandong increased from 2220.00 to 2230.00, an increase of 10.00; while the price in Inner Mongolia decreased from 1980.00 to 1970.00, a decrease of 10.00 [1]. b. Supply - Domestic methanol production increased from 266175.00 to 271225.00, an increase of 5050.00, and the domestic start - up rate increased from 82.68 to 84.25, an increase of 1.57. The international start - up rate remained unchanged at 71.13 [1]. c. Import - The arrival weight of imports remained unchanged at 25.46 [1]. d. Inventory - Both enterprise inventory and port inventory remained unchanged at 352280.00 and 673660.00 respectively [1]. e. Demand - The order backlog remained unchanged at 233250.00 [1]. f. Operating Rates of Related Products - The operating rates of MTOH, dimethyl ether, formaldehyde, acetic acid, chloride, MTBE, etc. remained mostly unchanged, with only the formaldehyde operating rate remaining unchanged at 46.40 [1]. g. Associated Product Prices - The price of dimethyl ether decreased from 3350.00 to 3300.00, a decrease of 50.00; the price of methane chloride increased from 2140.00 to 2160.00, an increase of 20.00; the price of MTBE increased from 4950.00 to 4960.00, an increase of 10.00 [1].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - In the short term, methanol prices will fluctuate within a range. In the medium to long term, the methanol spot market may shift from a strong to a weakening oscillatory trend [1] Group 3: Summary by Relevant Catalogs Spot Price - On June 9, 2025, the prices of methanol in multiple regions increased slightly. The inventory of enterprises in the main production areas in the northwest was low, and the willingness of downstream and traders to replenish at low prices increased, leading to higher auction transaction prices. The positive sentiment in the futures market drove smooth new - order transactions in the afternoon, and some enterprises stopped selling to support prices, pushing up the spot prices. Downstream buyers were mainly on the sidelines, and procurement became more rational after the previous low - price replenishment [1] Supply - Domestic methanol production increased by 200 to 285,678, and the domestic operating rate rose by 0.06 to 88.74. The international operating rate remained unchanged at 68.73 [1] Inventory - Both enterprise and port inventories remained unchanged at 354,950 and 522,960 respectively [1] Demand - The number of pending orders remained unchanged at 249,892 [1] Operating Rates of Related Products - The operating rates of MTO, dimethyl ether, methyl chloride, MTBE, etc. remained unchanged. The operating rate of formaldehyde in Shandong decreased by 10 to 910 [1] Associated Product Prices - The prices of acetic acid and methane chloride decreased by 30 and 170 respectively, while the price of MTBE increased by 60 [1]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - In the short term, methanol prices will fluctuate within a range due to a significant strengthening of the basis and good buying interest. In the medium to long term, the methanol spot market may shift from a strong to a weakening oscillatory trend [1] 3. Summary by Related Catalogs Price Indicators - The price of Jincheng anthracite remained at 1,000.00, Inner Mongolia steam coal at 630.00, Sichuan - Chongqing LPG dropped from 4,700.00 to 4,650.00, international natural gas decreased from 10.76 to 10.69, Taicang methanol rose from 2,410.00 to 2,420.00, Shandong methanol fell from 2,410.00 to 2,400.00, acetic acid dropped from 2,580.00 to 2,550.00, and methane chloride increased from 2,100.00 to 2,130.00 [1] Supply - Domestic methanol production increased from 287,855.00 to 289,115.00, and domestic methanol开工 rate rose from 90.26 to 90.65, while international开工 rate remained at 75.67 [1] Inventory - Both enterprise inventory and port inventory of methanol remained unchanged at 312,369.00 and 585,600.00 respectively [1] Demand - The order backlog of methanol remained at 274,410.00, and the开工 rates of various downstream industries such as MTO, formaldehyde, acetic acid, and chloride remained stable [1] Associated Product Prices - The prices of most associated products remained stable, except for acetic acid which decreased by 30.00 and methane chloride which increased by 30.00 [1]