First of all, commodity futures are the expectation of the future price of the target. It can be said that futures prices will lead the spot trend to a certain extent. Speaking of which, if it is August, the methanol futures price of 10 will continue to rise, and the spot price will also rise. It can be said that spot companies will take this factor into account when formulating relevant strategies.

Secondly, for large spot enterprises or enterprises in the production chain, if the futures price of the underlying commodity goes down, or a relatively low trend is expected, then spot enterprises can hedge their value by shorting related futures. For example, methanol is now 5000, and it is expected to reach 3500 in three months, so you can short futures as a spot enterprise to resist the influence of lower market prices on the company.