甲醇数据日报-20251202

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report In the short term, methanol prices will fluctuate within a range, and in the medium to long term, the methanol spot market may shift from a strong to a weakening oscillatory trend [1]. 3) Summary by Relevant Catalogs Price - On December 1, 2025, the prices of most energy - chemical products remained stable, with only a few showing minor changes. For example, the price of Sichuan - Chongqing liquefied gas decreased by 10 yuan to 4120 yuan, and the international natural gas price dropped by 0.09 to 10.32. The price of methanol in Shandong increased by 10 yuan to 2180 yuan, and the price of MTBE rose by 20 yuan to 4910 yuan [1]. Supply - Domestic methanol production increased by 460 to 290915, and the domestic operating rate rose by 0.14 to 89.66%. The international operating rate remained unchanged at 63.22%, and the arrival volume at the port was stable at 22.54 [1]. Inventory - Both enterprise and port inventories of methanol remained unchanged, at 373712 and 1363500 respectively [1]. Demand - The order backlog of methanol remained stable at 230710. The operating rates of most downstream products remained unchanged, with only the operating rate of some coal - based methanol production processes showing a decline. For example, the operating rate of Inner Mongolia coal - based methanol decreased by 21 to 2207, and that of Shandong coal - based methanol decreased by 21 to 2457 [1]. Associated Product Prices - Most associated product prices remained stable, with only the price of MTBE increasing by 20 yuan to 4910 yuan [1].