甲醇数据日报-20250715

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Core View - In the short - term, methanol prices will fluctuate within a range; in the medium - to long - term, the methanol spot market may shift from strong to weak and fluctuate [1]. 3. Summary by Relevant Catalogs a. Spot Price - On July 14, 2025, methanol prices in many domestic regions were slightly adjusted. The inventory of enterprises in the northwest main production area was at a low level, and the willingness of downstream and traders to replenish at low prices increased, leading to higher enterprise auction transaction prices. The positive sentiment in the futures market drove smooth transactions of new domestic orders in the afternoon, and some enterprises stopped selling to support prices, pushing up the general increase of spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after the previous low - price replenishment. The market trend depends on the downstream procurement transactions on Tuesday. For example, the price in Taicang increased from 2355.00 to 2370.00, an increase of 15.00; the price in Shandong increased from 2220.00 to 2230.00, an increase of 10.00; while the price in Inner Mongolia decreased from 1980.00 to 1970.00, a decrease of 10.00 [1]. b. Supply - Domestic methanol production increased from 266175.00 to 271225.00, an increase of 5050.00, and the domestic start - up rate increased from 82.68 to 84.25, an increase of 1.57. The international start - up rate remained unchanged at 71.13 [1]. c. Import - The arrival weight of imports remained unchanged at 25.46 [1]. d. Inventory - Both enterprise inventory and port inventory remained unchanged at 352280.00 and 673660.00 respectively [1]. e. Demand - The order backlog remained unchanged at 233250.00 [1]. f. Operating Rates of Related Products - The operating rates of MTOH, dimethyl ether, formaldehyde, acetic acid, chloride, MTBE, etc. remained mostly unchanged, with only the formaldehyde operating rate remaining unchanged at 46.40 [1]. g. Associated Product Prices - The price of dimethyl ether decreased from 3350.00 to 3300.00, a decrease of 50.00; the price of methane chloride increased from 2140.00 to 2160.00, an increase of 20.00; the price of MTBE increased from 4950.00 to 4960.00, an increase of 10.00 [1].