The domestic energy and chemical sector erupted collectively under the catalyst of a sharp rise in the geopolitical situation over the weekend, and methanol futures became one of the leading pioneers. The main force, the 2609 contract, went short and opened high in early trading. At one point, it rose by nearly 7% during the intraday period, and the 2610 and 2611 contracts hit the rise and fall board once again. According to a report by Xinhua News Agency quoting Iran's Fars News Agency on the 19th, the traffic volume of the Strait of Hormuz has dropped to zero. As long as the US continues its provocative acts, the strait will remain closed. US Secretary of Energy Wright said that US military operations against Iran will continue until President Trump achieves the goals of his military action. Furthermore, the Houthis may act to block the Red Hemand Strait, further increasing market concerns about disruptions in energy supply. Methanol prices rose again due to the dual effects of cost transmission and import blockages.
Zhitongcaijing·07/20/2026 08:25:09
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The domestic energy and chemical sector erupted collectively under the catalyst of a sharp rise in the geopolitical situation over the weekend, and methanol futures became one of the leading pioneers. The main force, the 2609 contract, went short and opened high in early trading. At one point, it rose by nearly 7% during the intraday period, and the 2610 and 2611 contracts hit the rise and fall board once again. According to a report by Xinhua News Agency quoting Iran's Fars News Agency on the 19th, the traffic volume of the Strait of Hormuz has dropped to zero. As long as the US continues its provocative acts, the strait will remain closed. US Secretary of Energy Wright said that US military operations against Iran will continue until President Trump achieves the goals of his military action. Furthermore, the Houthis may act to block the Red Hemand Strait, further increasing market concerns about disruptions in energy supply. Methanol prices rose again due to the dual effects of cost transmission and import blockages.