申万期货原油甲醇策略日报-20250922

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - Crude oil prices decreased at night, and the EU proposed the 19th round of sanctions against Russia, including restrictions on Russian LNG and a reduction in the price cap of Russian crude oil. The number of active drilling rigs in the US increased. Future attention should be paid to OPEC's production increase [3]. - Methanol prices fluctuated at night. The average operating load of domestic coal (methanol) - to - olefins plants increased, while the overall operating load of domestic methanol plants decreased slightly. Coastal methanol inventories rose to a historical high, and the short - term trend of methanol is mainly bearish [3]. Group 3: Summary by Relevant Catalogs Futures Market Crude Oil - Price Changes: SC near - month, SC next - month, WTI near - month, WTI next - month, Brent near - month, and Brent next - month all decreased, with price drops ranging from - 0.49% to - 1.37%. The night - time decrease was 1.55% [2][3]. - Volume and Open Interest: The trading volume and open interest showed different trends. For example, the SC next - month open interest decreased by 30,174, while the WTI near - month open interest increased by 4,990 [2]. Methanol - Price Changes: The 01 - contract price increased by 0.64%, the 05 - contract price decreased by 0.17%, and the 09 - contract price decreased by 0.55% [2]. - Volume and Open Interest: The trading volume and open interest also had different changes. The open interest of the 01 - contract decreased by 14,496, while that of the 05 - contract increased by 4,777 [2]. Spot Market Crude Oil - International and domestic crude oil spot and refined oil prices decreased [2]. Methanol - The spot price of methanol in the port remained unchanged, while prices in East China, North China, and South China changed with increases or decreases [2].