The international crude oil price has a certain influence on the methanol futures price. Methanol, also known as hydroxymethyl, is an organic compound and a saturated monohydric alcohol with the simplest structure. Methanol can be used to produce olefins, and crude oil is mainly used to produce olefins internationally. Crude oil and methanol have a certain correlation. When the price of crude oil is too high, the market will turn to methanol, thus increasing the price of methanol. When the price of crude oil falls, the market uses crude oil as raw material to make olefins, which reduces the use of methanol, thus reducing the price of methanol.

Tips: The above instructions are for reference only and do not make any suggestions. There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.

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