Supply Analysis - The impact of anti-involution policies on methanol production is expected to be limited, as older production facilities constitute a small proportion, making significant reductions in methanol supply unlikely [1] - Domestic coal-based methanol supply is gradually returning [1] Demand Analysis - Traditional demand remains relatively stable, with a trend of initial strength followed by a decline in the domestic market, leading to inventory reduction [1] - There are operational shutdowns in the olefin sector affecting demand [1] Inventory Status - As of August 13, 2025, China's methanol port inventory totaled 1.0218 million tons, an increase of 96,300 tons from the previous period [1] - The East China region saw an inventory increase of 45,000 tons, while South China experienced an increase of 51,300 tons [1] Market Outlook - Current methanol valuations are considered high, with weak downstream demand putting pressure on prices [1] - The price is significantly influenced by overall commodity sentiment, and a cautious approach is recommended [1]
下游市场需求表现偏弱 甲醇期货价格仍面临压力
Jin Tou Wang·2025-08-14 07:29