Group 1 - The methanol futures market is experiencing a weak performance with a downward trend, as the main contract opened at 2380.00 CNY/ton and fluctuated between 2370.00 CNY and 2388.00 CNY, showing a decline of approximately 0.92% [1] - High production levels and operating rates are contributing to increased inventories, with port methanol stocks reaching historical highs, indicating potential continued accumulation in the future [1][2] - The demand side is under pressure due to downstream maintenance, but there are expectations for a seasonal demand increase in September and October, which may provide some support for methanol prices [1][2] Group 2 - The market structure remains weak with high port inventories, although most negative factors have already been priced in, leading to a potential marginal improvement in the fundamentals [2] - Companies are observing good profit margins, and while traditional demand is weak, there are expectations for a slight recovery in demand as the peak season approaches [2] - Strategies are suggested to focus on buying on dips and exploring opportunities in the 1-5 spread, despite the ongoing pressure from high port inventories [2]
港口高库存格局依旧未改变 甲醇期货或承压运行
Jin Tou Wang·2025-09-17 07:19