甲醇：宏观情绪好转，震荡有支撑

Report Summary Report Title Methanol: Improved Macroeconomic Sentiment, Support for Volatility [1] Core View The macroeconomic sentiment for methanol has improved, and there is support for its price volatility. The spot prices in many regions continued to rise slightly, and the port inventory decreased [1][4]. Key Points by Section Fundamental Tracking - Futures Market: For the methanol main contract (09 contract), the closing price was 2,365 yuan/ton (up 74 yuan from the previous day), the settlement price was 2,333 yuan/ton (up 52 yuan), the trading volume was 1,241,972 lots (up 475,526 lots), the open interest was 789,664 lots (up 25,613 lots), the warehouse receipt quantity was 8,380 tons (unchanged), and the trading value was 2,897,514 ten thousand yuan (up 1,149,010 ten thousand yuan). The basis was 140 (down 7), and the monthly spread (MA09 - MA01) was -60 (up 3) [2]. - Spot Market: The Jiangsu ex - tank price was 2,470 yuan/ton (up 10 yuan), the Inner Mongolia price was 2,120 yuan/ton (up 30 yuan), the northern Shaanxi price was 2,110 yuan/ton (up 35 yuan), and the Shandong price was 2,310 yuan/ton (unchanged) [2]. Spot News No specific content provided in the given text. Trend Intensity - The methanol trend intensity was 0. The methanol spot price index was 2,248.73, up 29.25. Among them, the Taicang spot price was 2,505, up 67, and the Inner Mongolia northern line price was 2,137.5, up 32.5. Among the 20 large and medium - sized cities monitored by Longzhong, 12 cities saw varying degrees of price increases, with涨幅 ranging from 15 to 85 yuan/ton. The prices in many methanol markets continued the slight upward trend. The prices in the East China market rose strongly following the futures, the inland enterprise auction transactions had a small premium, the freight increased slightly due to the increasing delivery demand, the downstream procurement in the northwest was smooth, and the traders actively participated in the auctions, promoting the methanol market price to rise [4]. - As of May 14, 2025, the total methanol port inventory in China was 48.39 tons, a decrease of 7.80 tons from the previous period. The inventory in the East China region decreased by 5.55 tons, and the inventory in the South China region decreased by 2.25 tons [4].