1) On Tuesday, methanol rebounded slightly mainly. Methanol stayed strong during the session and fell back slightly at the end of the session. Although the paper goods to fill the short lead to short-term strength of the spot, but not enough to disprove the 09 contract oversupply. To falsify the methanol 09 contract supply pressure only two points: one is the price to the cost line, which is currently not reached. Second, from a realistic point of view, the future 09 contract methanol has a supply gap, in the domestic recovery and import impact, no downward trend in inventory, and currently can not confirm the 09 contract supply gap.
2) Strategy. Reference MA2109 contract 2200 yuan support, 2500 yuan pressure, range operation, above 2400 short.