Report Summary 1. Report Industry Investment Rating No industry investment rating was provided in the report. 2. Core View of the Report The black metal sector maintained a volatile trend. Steel mills continued to cut production, and steel demand improved slightly due to temperature drops. However, the high production of hot - rolled coils led to inventory accumulation, while rebar started to reduce inventory. The black metal sector was under pressure due to news and fundamentals, but steel prices had low valuations, and there was still some support at the bottom. The market should continue to monitor coal mine safety inspections, overseas tariffs, and domestic macro and industrial policies [8]. 3. Summary by Directory 3.1 Market Information - **Rebar Futures**: RB05 was at 3101 yuan/ton (up 8 yuan from yesterday), RB10 at 3149 yuan/ton (up 17 yuan), and RB01 at 3045 yuan/ton (up 8 yuan). The 05 - contract rebar盘面利润 was - 161 yuan/ton (down 3 yuan), the 10 - contract was - 117 yuan/ton (up 3 yuan), and the 01 - contract was - 182 yuan/ton (down 1 yuan) [3]. - **Rebar Spot**: The prices of Shanghai Zhongtian, Nanjing Xicheng, Shandong Shiheng, and Tangshan Tanggang remained stable or changed slightly. The profit of rebar in different regions varied, with Tangshan rebar profit increasing by 12 yuan/ton to - 333 yuan/ton, while Shandong rebar profit decreased by 91 yuan/ton to - 580 yuan/ton [3]. - **Hot - Rolled Coil Futures**: HC05 was at 3234 yuan/ton (up 10 yuan), HC10 at 3265 yuan/ton (up 11 yuan), and HC01 at 3215 yuan/ton (up 11 yuan). The 05 - contract hot - rolled coil盘面利润 was - 28 yuan/ton (down 1 yuan), the 10 - contract was - 1 yuan/ton (down 3 yuan), and the 01 - contract was - 12 yuan/ton (up 3 yuan) [3]. - **Hot - Rolled Coil Spot**: The prices of Tianjin Hegang, Lecong Rigang, and Shanghai Angang hot - rolled coils changed. The profit of hot - rolled coils in different regions also changed, with East China hot - rolled coil profit increasing by 30 yuan/ton to - 196 yuan/ton [3]. 3.2 Market Judgement - **Related Prices**: The spot price of Shanghai Zhongtian rebar was 3170 yuan, Beijing Jingye was 3100 yuan (up 10 yuan), Shanghai Angang hot - rolled coil was 3300 yuan (up 30 yuan), and Tianjin Hegang hot - rolled coil was 3190 yuan [7]. - **Trading Strategy**: - **Unilateral**: The market will maintain a bottom - volatile trend [9]. - **Arbitrage**: Hold the 1 - 5 positive spread and the long position of the hot - rolled coil - rebar spread [10]. - **Options**: Adopt a wait - and - see approach [10]. - **Important Information**: - From January to September, the housing construction area of real - estate development enterprises decreased by 9.4% year - on - year, and the new construction area decreased by 18.9%. The sales area and sales volume of newly - built commercial housing also decreased [10]. - In September 2025, China's crude steel output was 7349 million tons (down 4.6% year - on - year), pig iron output was 6605 million tons (down 2.4% year - on - year), and steel output was 12421 million tons (up 5.1% year - on - year) [11][13]. 3.3 Related Attachments The report provided multiple charts, including those showing the price trends, basis, spreads, and profit trends of rebar and hot - rolled coils from 2021 to 2025, with data sources from Galaxy Futures, Mysteel, and Wind [17][21][27].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report The short - term outlook for the oil and fat market is that the futures prices are expected to fluctuate slightly weaker. It is advisable to wait and see for now, and consider lightly testing long positions on the 05 contract when the prices have pulled back significantly. [5][6][9][11] 3. Summary by Relevant Catalogs 3.1 Data Analysis - **Spot Prices and Basis**: The closing price of soybean oil 2601 was 8298, up 42; palm oil 9318, up 10; and rapeseed oil 9918, up 57. The basis of each variety showed different trends, with some rising and some falling. [3] - **Monthly Spread**: The 1 - 5 monthly spreads of soybean oil, palm oil, and rapeseed oil were 196, 22, and 370 respectively, all showing a decline. [3] - **Cross - Variety Spread**: For the 01 contract, the Y - P spread was (1020), up 32; the OI - Y spread was 1620, up 15; and the OI - P spread was 600, up 47. The oil - meal ratio was 2.87, down 0.01. [3] - **Import Profit**: The import profit of 24 - degree palm oil from Malaysia and Indonesia was (144), and that of crude rapeseed oil from Rotterdam was (941). [3] - **Weekly Commercial Inventory**: In the 41st week of 2025, the commercial inventories of soybean oil, palm oil, and rapeseed oil were 126.5, 54.8, and 57.1 million tons respectively. Compared with last week and the same period last year, the inventories of each variety changed to different extents. [3] 3.2 Fundamental Analysis - **International Market**: From October 1 - 20, 2025, Malaysia's palm oil exports were 1,044,784 tons, a 3.4% increase from the same period last month. [5] - **Domestic Market (P/Y/OI)**: - **Palm Oil**: As of October 10, 2025, the national key - area commercial inventory was 54.76 million tons, a 0.83% decrease from last week. The import profit inversion has narrowed, and the basis is weak. It is expected to fluctuate in the short - term, and one can consider lightly testing long positions on the 05 contract when the price pulls back. [5] - **Soybean Oil**: As of October 10, 2025, the national key - area commercial inventory was 126.51 million tons, a 1.31% increase from last week. The supply is sufficient, and it is expected to fluctuate in the short - term. One can consider lightly testing long positions on the 05 contract when the price pulls back. [6] - **Rapeseed Oil**: As of October 10, 2025, the coastal inventory was 57.1 million tons, a decrease from last week. The import profit inversion has widened, and the basis is stable. The inventory reduction trend is expected to continue, and attention should be paid to the purchase and policy changes. [9] 3.3 Trading Strategy - **Unilateral**: It is expected that the oil and fat futures prices will fluctuate slightly weaker in the short - term. It is advisable to wait and see for now, and consider lightly testing long positions when the prices have pulled back significantly. [11] - **Arbitrage**: Wait and see. [11] - **Options**: Wait and see. [11] 3.4 Relevant Attachments The report provides multiple charts, including the spot basis of various oils, monthly spreads, cross - variety spreads, etc., from 2016 - 2025, with data sources from Galaxy Futures, Bangcheng, and WIND. [14][17]

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The overall supply pressure in the soybean market remains significant, and the price center of the soybean system is expected to shift downward. The domestic soybean meal and rapeseed meal markets are in a state of relatively loose supply and demand, and the upward space for prices is limited. It is recommended to adopt a wait - and - see strategy for unilateral trading and conduct M11 - 1 positive spreads for arbitrage. For options, sell a wide - straddle structure [3][7][9][10]. 3. Summary by Relevant Catalogs Market Review - The U.S. soybean futures showed an obvious rebound due to macro - level improvement. The domestic soybean meal and rapeseed meal futures also rebounded, with soybean meal being less affected by market information and rapeseed meal showing a phased rebound after a deep decline. The inter - month spreads of soybean meal showed a rebound, while those of rapeseed meal had limited changes. Spot supply was relatively small, and transactions were mainly based on basis [2]. Fundamental Analysis International Market - For U.S. soybeans, the carry - over stock of the old crop increased slightly, and the new crop supply increased slightly. The price decline space is limited, but it may face downward pressure if exports are not boosted. South American old - crop soybeans are in a state of loose supply and demand, and Brazilian farmers' slow selling progress may put pressure on prices. The international soybean meal supply pressure is significant, with an expected increase in soybean crushing volume in major producing areas and only a slight increase in imports in major importing countries [3]. Domestic Market - The domestic soybean meal supply pressure has improved but remains relatively loose. As of October 17, the actual soybean crushing volume was 2.1662 million tons, the开机率 was 59.59%, the soybean inventory was 7.687 million tons (up 0.38% from last week and 27.49% year - on - year), and the soybean meal inventory was 0.9762 million tons (down 9.54% from last week and up 4.16% year - on - year). The rapeseed meal demand has weakened, the开机率 has decreased, and the supply pressure still exists. As of the week of October 17, the rapeseed crushing volume in coastal oil mills was 12,000 tons, the开机率 was 3.2%, the rapeseed inventory was 6,000 tons (down 12,000 tons from last week), and the rapeseed meal inventory was 7,800 tons (down 3,700 tons from last week) [7]. Macro - economic Analysis - Reports indicate that Sino - U.S. communication has reduced concerns about trade conflicts, but the Madrid negotiations did not provide clear information on soybeans. The market is still worried about supply uncertainty, and the upward space for the domestic soybean meal futures is limited as China's long - term demand for U.S. soybeans decreases [8]. Logical Analysis - The market showed a slight rebound with limited changes. New negative factors are scarce after previous negative factors were fully reflected. The overall supply pressure is significant due to the progress of U.S. soybean harvesting and the increase in Brazilian new - crop planting area, so the upward space for the futures is limited. The domestic soybean meal supply and demand are relatively loose, and the inventory is high. The rapeseed meal inventory is low, but demand is average, and prices may face pressure. The inter - month spreads of soybean meal are significantly affected by the macro - economy, while those of rapeseed meal are affected by supply uncertainty and may face downward pressure [9]. Trading Strategies - Unilateral: Wait and see. - Arbitrage: M11 - 1 positive spreads. - Options: Sell a wide - straddle structure [10][11].

Group 1: Report Summary - The report is a peanut daily report dated October 20, 2025, focusing on peanut futures, spot prices, and market analysis [2][4] Group 2: Investment Rating - Not mentioned in the report Group 3: Core Viewpoints - Peanut spot prices are expected to be relatively strong in the short - term, with futures likely to be volatile. The 01 peanut contract is expected to be in a relatively strong upward trend [4][10] - The by - product, peanut meal, is expected to be weak in the short - term due to the high unit - protein price difference with soybean meal [8] Group 4: Data Summary Futures Disk - PK604 closed at 8044, up 32 (0.40%), with a trading volume of 153 (down 1.92%) and an open interest of 1,390 (up 6.68%) [2] - PK601 closed at 7958, up 30 (0.38%), with a trading volume of 100,664 (up 6.39%) and an open interest of 199,539 (up 6.58%) [2] Spot and Basis - Spot prices in Henan Nanyang, Shandong Jining, and Shandong Linyi were 8800, 8400, and 8400 respectively, with no change [2] - The price of Rizhao soybean meal was 2920 yuan/ton, up 20 yuan/ton, and the price of peanut meal was 3250 yuan/ton [2] - The price of peanut oil was 14580 yuan/ton, and the price of Rizhao first - grade soybean oil was 8540 yuan/ton, both with no change [2] Import Price - The price of Sudanese peanuts was 8500 yuan/ton, with no change [2] Spread - The spread of PK01 - PK04 was - 86, down 2 [2] Group 5: Market Analysis - Peanut prices in Henan and Northeast China were stable. Imported peanut prices were also stable. The supply increased, but downstream demand was still weak [4] - Some peanut oil mills started purchasing, with the pre - suspension mainstream transaction price at 7800 - 7900 yuan/ton, and the theoretical break - even price at 7920 yuan/ton [4] - The prices of soybean oil and peanut oil were stable, with the domestic first - grade ordinary peanut oil at 14500 yuan/ton and the small - pressed fragrant peanut oil at 16500 yuan/ton [4] - Rizhao soybean meal prices rose, while peanut meal was weak in the short - term due to the high unit - protein price difference with soybean meal [8] Group 6: Trading Strategies Unilateral - The 01 and 05 peanut contracts are in a low - level shock, and short - term long positions can be taken on pullbacks [11] Calendar Spread - Stay on the sidelines [12] Options - Hold the short position of pk601 - P - 7600 [13]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - On October 20, ferroalloy futures prices rose overall. The silicon iron (SF) main contract closed at 5436, up 0.11%, with an increase of 5090 in positions; the manganese silicon (SM) main contract closed at 5738, up 0.35%, with a decrease of 12123 in positions [6]. - For silicon iron, on the 20th, the spot price was stable. The supply is still at a high level, while the demand faces pressure due to the poor performance of macro - data in September, high steel inventories, and the expected steel mill maintenance. However, its low valuation provides some support, and it is expected to fluctuate at the bottom [6]. - For manganese silicon, on the 20th, manganese ore spot prices were stable with a slight increase, and manganese silicon spot prices were also stable with a slight increase. The supply is at a high level, and the demand has a downward risk due to poor macro - data and high steel inventories. It is also expected to fluctuate at the bottom, restricted by demand but supported by valuation and low manganese ore inventories [6]. - For trading strategies, the unilateral strategy is to expect bottom - range fluctuations as the demand expectation remains weak, but the valuation and cost side provide support; the arbitrage strategy is to wait and see; the option strategy is to sell out - of - the - money straddle option combinations [7]. Group 3: Summary by Related Catalogs Market Information - **Futures Data**: The SF main contract closed at 5436, with a daily change of 6 and a weekly change of 30, a trading volume of 134,692 (down 441), and an open interest of 203,512 (up 5090). The SM main contract closed at 5738, with a daily change of 20 and a weekly change of - 8, a trading volume of 152,986 (down 8580), and an open interest of 377,834 (down 12123) [3]. - **Spot Data**: For silicon iron, the spot prices in different regions were mostly stable, with some minor changes in weekly prices. For manganese silicon, some regional spot prices rose by 20 yuan/ton, and the manganese ore in Tianjin Port semi - carbonate rose by 0.2 yuan/ton degree [3][6]. - **Basis/Spread Data**: The basis and spread data of silicon iron and manganese silicon showed different daily and weekly changes. For example, the SF - SM spread was - 302, with a daily change of - 14 and a weekly change of 38 [3]. - **Raw Material Data**: For manganese ore in Tianjin, the prices of different types had minor daily and weekly changes. The prices of blue charcoal small materials in different regions were stable [3]. Market Judgement - **Trading Strategy**: Unilateral trading is expected to have bottom - range fluctuations; arbitrage is to wait and see; options are to sell out - of - the - money straddle option combinations [7]. - **Important Information**: In September 2025, China's crude steel output was 73.49 million tons, a year - on - year decrease of 4.6%; pig iron output was 66.05 million tons, a year - on - year decrease of 2.4%; steel output was 124.21 million tons, a year - on - year increase of 5.1%. From January to September, the housing construction area of real estate development enterprises was 6.4858 billion square meters, a year - on - year decrease of 9.4%, etc. [8] Related Attachments - The attachments include various charts such as the ferroalloy main contract trend review, the sf - sm spread on the disk, the monthly spreads of silicon iron and manganese silicon, the basis of silicon iron and manganese silicon, the spot prices of silicon iron and manganese silicon, the production costs and profits of silicon iron and manganese silicon, and the ferroalloy electricity prices [12][16][20]

大宗商品研究所 农产品研发报告 F3045719 投资咨询证号： Z0015458 联系方式： chenjiezheng_qh@chinastock.c om.cn 生猪日报 2025 年 10 月 20 日 研究员：陈界正 期货从业证号： | | | | | 生猪价格日报 | | | 2025/10/20 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 现货价格 | | | | | | | 今 日 | 昨 日 | 变 化 | | | 今 日 | 昨 日 | 变 化 | | 河南（0） | 11.64 | 11.43 | 0.21 | 山西 | （-100） | 11.11 | 10.90 | 0.21 | | 湖北（0） | 11.07 | 11.03 | 0.04 | | 辽 宁 | 11.54 | 11.40 | 0.14 | | 安徽（200） | 11.79 | 11.48 | 0.31 | | 吉林（-300） | 11.51 | 11.40 | 0.11 | | 湖南（100） | 10.76 | 10. ...

玉米淀粉日报 2025 年 10 月 20 日 玉米淀粉日报 第一部分 数据 2025/10/20 收盘价 涨跌 涨跌幅 成交量 增减幅 持仓量 增减幅 2138 21 0.98% 673,055 25.40% 800,344 3.98% 2250 28 1.24% 68,135 5.45% 197,618 9.43% 2286 32 1.40% 3,910 175.16% 3,603 21.35% 2410 26 1.08% 93,712 -5.61% 186,574 4.20% 2543 25 0.98% 1,410 -2.77% 4,526 0.98% 2605 25 0.96% 42 5.00% 168 9.09% 青冈 松原嘉吉 诸城兴贸 寿光 锦州港 南通港 广东港口 1965 2020 2340 2200 2170 2240 2310 20 0 50 -10 20 20 0 -321 -266 54 -86 32 -46 24 龙凤 中粮 嘉吉 玉峰 金玉米 诸城兴贸 恒仁工贸 2650 2650 2800 2920 2800 2900 2780 0 0 0 0 0 0 20 107 107 2 ...

1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - The mainstream shipping lines have different cargo - booking situations, leading to price differentiation. The repeated progress of the Israel - Palestine cease - fire negotiations has driven the far - month contracts to fluctuate upwards. The SCFIS European line index has exceeded market expectations, and it is expected that the 2510 contract on the disk will repair the discount upwards. The spot freight rate spread among mainstream shipping lines has widened again, but the off - season of container shipping is expected to gradually improve. The cargo volume on the demand side shows a seasonal decline, and the shipments from November to December are expected to gradually improve. The overall capacity from October to December changes little, with a slight increase in November. The implementation of the first - stage cease - fire agreement is tortuous, and the second - stage negotiation faces pressure. The probability of future tariff deterioration is not high [5][6] - For trading strategies, continue to hold long positions in EC2512 and maintain the idea of buying on dips. Also, continue to hold the 2 - 4 positive spread arbitrage [8][9] 3. Summary based on Relevant Catalogs 3.1 Container Shipping - Container Freight Index (European Line) - **Futures Disk** - Different futures contracts have different closing prices, price changes, price change rates, trading volumes, trading volume change rates, open interests, and open interest change rates. For example, EC2510 closed at 1,100.1, up 3.2 (0.29%) with a trading volume of 1,174.0 (down 25.70%) and an open interest of 8,396.0 (down 6.96%) [4] - **Monthly Spread Structure** - There are different price spreads and their price changes between different futures contracts. For example, the spread between EC10 - EC12 is - 582, down 24.1 [4] - **Container Freight Rates** - Different container freight rates (weekly) have different prices, month - on - month and year - on - year changes. For example, the SCFIS European line index is 1140.38, up 10.52% month - on - month and down 48.27% year - on - year [4] - **Fuel Costs** - The WTI crude oil near - month price is 57.22 US dollars per barrel, up 0.51% month - on - month and down 16.90% year - on - year. The Brent crude oil near - month price is 61.16 US dollars per barrel, up 0.71% month - on - month and down 16.0% year - on - year [4] 3.2 Market Analysis and Strategy Recommendation - **Market Analysis** - The mainstream shipping lines' cargo - booking situations lead to price differentiation. The repeated progress of the Israel - Palestine cease - fire negotiations affects the far - month contracts. The SCFIS European line index has exceeded expectations. The spot freight rate spread among shipping lines has widened, but the off - season is expected to improve. The demand side shows a seasonal decline in cargo volume, and the supply side has little change in overall capacity from October to December, with a slight increase in November. The implementation of the cease - fire agreement is tortuous, and the tariff negotiation has a low probability of deterioration [5][6] - **Trading Strategies** - **Unilateral**: Continue to hold long positions in EC2512 and maintain the idea of buying on dips, paying attention to the implementation of the first - stage cease - fire and the second - stage negotiation in Israel - Palestine and the expected changes in shipping lines' resumption of flights [8] - **Arbitrage**: Continue to hold the 2 - 4 positive spread arbitrage [9] 3.3 Industry News - Trump signed an executive order to impose new tariffs on imported medium and heavy - duty trucks, parts, and passenger cars from November 1 [10] - The International Maritime Organization (IMO) decided to postpone the implementation of the "Net - Zero Framework" in a special meeting, which has attracted wide attention and strong reactions from the shipping industry, governments, and environmental organizations [10] - The Israel - Hamas cease - fire agreement implementation is tortuous. The Israeli army carried out retaliatory air strikes and then resumed the cease - fire. The second - stage negotiation faces pressure as Netanyahu is reluctant to promote it due to complex issues [11] - Hamas condemned Israel for closing the Rafah crossing, which it believes violates the first - stage cease - fire agreement [11][12]

1. Report Title and Date - Report title: "Stock Index Futures Data Daily Report" [1] - Date: October 20, 2025 [2] 2. IM Futures 2.1 Daily Quotes - The closing prices of IM contracts all rose except for IM2606, with increases ranging from 0.00% to 0.75%. The main contract, IM2512, rose 0.5% to close at 7059.2 points [4]. - The total trading volume of the four IM contracts was 228,283 lots, down 33,494 lots from the previous day; the total open interest was 354,337 lots, down 9,885 lots from the previous day [5]. 2.2 Basis and Other Indicators - The main contract of IM was at a discount of 179.98 points, down 15.3 points from the previous day; the annualized basis rate was -15.26% [5]. - The dividend impacts of the four IM contracts were 1.35 points, 1.38 points, 2.06 points, and 46.79 points respectively [5]. 2.3 Main Seats' Positions - Data on the trading volume, long positions, and short positions of the top five, top ten, and top twenty seats in each contract were provided, showing changes compared to the previous day [21][23][24][25] 3. IF Futures 3.1 Daily Quotes - The closing prices of IF contracts all rose except for IF2606, with increases ranging from 0.00% to 0.53%. The main contract, IF2512, rose 0.5% to close at 4506.8 points [26]. - The total trading volume of the four IF contracts was 112,287 lots, down 38,125 lots from the previous day; the total open interest was 257,451 lots, down 8,343 lots from the previous day [27]. 3.2 Basis and Other Indicators - The main contract of IF was at a discount of 31.42 points, down 2.39 points from the previous day; the annualized basis rate was -4.17% [27]. - The dividend impacts of the four IF contracts were 4.23 points, 5.17 points, 10.17 points, and 40.37 points respectively [27]. 3.3 Main Seats' Positions - Data on the trading volume, long positions, and short positions of the top five, top ten, and top twenty seats in each contract were provided, showing changes compared to the previous day [41][42][44] 4. IC Futures 4.1 Daily Quotes - The closing prices of IC contracts all rose except for IC2606, with increases ranging from 0.00% to 0.76%. The main contract, IC2512, rose 0.64% to close at 6909.2 points [46]. - The total trading volume of the four IC contracts was 134,833 lots, down 19,547 lots from the previous day; the total open interest was 243,216 lots, down 3,371 lots from the previous day [47]. 3.2 Basis and Other Indicators - The main contract of IC was at a discount of 160.44 points, down 7.57 points from the previous day; the annualized basis rate was -13.89% [47]. - The dividend impacts of the four IC contracts were 2.82 points, 2.89 points, 5.14 points, and 61.72 points respectively [47]. 3.3 Main Seats' Positions - Data on the trading volume, long positions, and short positions of the top five, top ten, and top twenty seats in each contract were provided, showing changes compared to the previous day [60][61][63] 5. IH Futures 5.1 Daily Quotes - The closing prices of IH contracts all rose except for IH2606, with increases ranging from 0.00% to 0.32%. The main contract, IH2512, rose 0.3% to close at 2970.4 points [65]. - The total trading volume of the four IH contracts was 52,619 lots, down 29,189 lots from the previous day; the total open interest was 89,892 lots, down 8,030 lots from the previous day [65]. 5.2 Basis and Other Indicators - The main contract of IH was at a discount of 4.46 points, up 0.31 points from the previous day; the annualized basis rate was -0.9% [66]. - The dividend impacts of the four IH contracts were 5.24 points, 6.09 points, 12.1 points, and 31.05 points respectively [66]. 5.3 Main Seats' Positions - Data on the trading volume, long positions, and short positions of the top five, top ten, and top twenty seats in each contract were provided, showing changes compared to the previous day [77][79][81]

大宗商品研究 能源化工研发报告 甲醇日报 2025 年 10 月 20 日 甲醇日报 【市场回顾】 1、期货市场：期货盘面宽幅震荡，最终报收 2266（-23/-1%）。 2、现货市场：生产地，内蒙南线报价 2050 元/吨，北线报价 2000 元/吨。关中地区 报价 2000 元/吨，榆林地区报价 1980 元/吨，山西地区报价 2100 元/吨，河南地区报价 2160 元/吨。消费地，鲁南地区市场报价 2250 元/吨，鲁北报价 2270 元/吨，河北地区 报价 2200 元/吨。 西南地区，川渝地区市场报价 2140 元/吨，云贵报价 2200 元/吨。港 口，太仓市场报价 2260 元/吨，宁波报价 2270 元/吨，广州报价 2250 元/吨。 【重要资讯】 本周期(20251011-20251017）国际甲醇（除中国）产量为 1075859 吨，装置产能利用 率为 73.75%%。周期装置变动有，伊朗 Kimiya 再度停车，其他维持前期；文莱装置产量 已修正至 9 月底重启；南美有装置上旬重启；挪威装置停车检修。 【逻辑分析】 供应端，煤制甲醇利润在 660 元/吨附近，甲醇开工率高位稳定，国内 ...