Methanol futures hit limit-up at open; propylene jumps nearly 6%

The breadth of the energy-and-chemicals complex rally, rather than methanol's limit-up alone, is the signal: gains clustered across propylene, paraxylene, polypropylene, styrene and pure benzene point to a shared feedstock or sentiment driver rather than a single-contract squeeze. The divergence into precious metals, with Shanghai silver and gold both down more than 1%, suggests capital rotating toward industrial exposure and away from safe-haven positioning. Whether this chemical-chain strength persists once the initial momentum fades is the open question, and whether the metals weakness deepens alongside it.