Middle East geopolitical conflict escalates, methanol 2605 contract hits daily limit up.

Today, the methanol 2605 futures contract hit the upper limit, and the market's bullish sentiment has been fully ignited. The core logic lies in the sudden escalation of the Middle East geopolitical conflict causing global concerns about the methanol supply chain. Adding to this, a collective increase in energy prices pushes up the cost center, and under the resonance of multiple bullish factors, the methanol futures price has experienced a strong rally. In the short term, the supply chain concerns brought about by the geopolitical conflict and the cost support from energy products make it difficult for the bullish situation to quickly reverse, so the price of methanol 2605 futures may maintain a strong and fluctuating trend. In the medium to long term, if the situation in the Middle East gradually eases and Iran is able to resume production smoothly, the import supply gap will gradually be repaired. In addition, with the release of new domestic production capacity, the upward pressure on methanol prices may be alleviated. However, it is necessary to be vigilant against further escalation of geopolitical conflict, unexpected maintenance of domestic plants leading to supply shortages, continued high energy prices, and other bullish factors that may further boost prices. At the same time, attention should also be paid to the constraints on price increases due to subdued demand for olefins.