Group 1 - The domestic methanol futures market is experiencing a volatile downward trend, with the main contract fluctuating between 2406.00 and 2455.00 CNY/ton, showing a decline of approximately 1.87% [1] - Domestic methanol production is recovering, while overseas production is at a high level, leading to an increase in import volumes, particularly from Iran, which is expected to contribute to higher port inventory levels [1][2] - Demand for methanol is weakening, with significant reductions in operating rates for downstream MTO (Methanol-to-Olefins) facilities, and overall downstream operating rates are declining [1] Group 2 - The methanol opening rate in China remains high, but the demand recovery is limited, leading to continued accumulation of port inventories, particularly in East China [2] - The methanol market in some inland areas is showing weakness, although auction transactions are still acceptable, and the port market is experiencing strong basis levels [2] - The forecast for the methanol 01 contract indicates short-term fluctuations, with resistance expected around 2465 CNY/ton, suggesting cautious holding of short positions [2]
港口库存已升至偏高水平 甲醇期货继续承压运行
Jin Tou Wang·2025-08-15 08:47