甲醇日报：甲醇港口基差阴跌-20250527

Report Industry Investment Rating No relevant content provided Core View - The open positions of both Iranian and non-Iranian methanol plants are increasing, and the overall operating level remains high. The pressure on port arrivals is rising, causing the port basis to gradually weaken. Inland coal-based methanol plants are experiencing minor maintenance, with the overall operating rate still high, but the inventory accumulation pace of inland methanol plants has slowed down. The MTBE load is low, dragging down the demand in Shandong. The methanol production profit remains relatively high [3]. - The recommended strategy is to cautiously short and hedge [4]. Summary by Directory I. Methanol Basis & Inter - Period Structure - The report shows various charts related to methanol basis, including methanol basis in Taicang and different regions against the main futures contract, and the price differences between different methanol futures contracts [7][9][11] II. Methanol Production Profit, MTO Profit, Import Profit - There are charts about the production profit of Inner Mongolia coal - based methanol, the MTO profit in East China, and the import price differences between different regions [27][30][33] III. Methanol开工, Inventory - Charts display the total methanol port inventory, MTO/P operating rate, inland factory sample inventory, and China's methanol operating rate [36][38] IV. Regional Price Differences - The report presents price differences between different regions such as Lubei - Northwest, East China - Inner Mongolia, and Taicang - Lunan [40][48][57] V. Traditional Downstream Profits - There are charts showing the production profits of traditional downstream products such as Shandong formaldehyde, Jiangsu acetic acid, Shandong MTBE isomerization etherification, and Henan dimethyl ether [50][61]