11.2 Futures Fundamentals Risk Warning--- Methanol, Oils and Fats

Methanol: Driven by the extreme market of coal this year, methanol hit a new high in the past 10 years, but the manufacturer's profit is indeed the worst year, the production enthusiasm of enterprises is weak, the current round of methanol prices fell, the downstream MTO profits repaired, some olefin plants are already in the resumption stage, downstream demand is expected to fall, the supply side, coal-to-methanol start is still at a low level, winter natural gas limit is coming, the supply is difficult to have a better recovery, overall, the downward space of coal prices has tended to shrink, methanol has not further followed the decline , the late rebound market can be expected, should not be too bearish.

In terms of oils and fats, the price of oil and fat has continued to rise, the logic behind it in addition to the promotion of crude oil, or the recovery of foreign production is not optimistic, especially the production of horse palm oil is still at a low level, Canadian rapeseed production has been reduced, inventories are at a historical low, the current price of beans continues to weaken, the price of imported beans falls, for oil prices will appear a pry, but crude oil support is stronger, continue to chase more risks, bearish still need to wait.