Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The futures market of methanol has slightly corrected due to the overall commodity sentiment, and the support level can be observed at the 60 - day moving average on the daily chart. There is a high possibility of an inventory inflection point in the first quarter, and investors can appropriately consider buying opportunities after the price drops. Currently, methanol is undervalued, and although the overall rebound space is restricted by weak downstream demand, there may be a rebound at low levels. [3][4] Group 3: Summary by Relevant Catalogs Fundamental Analysis - As of January 7, 2026, the total inventory of methanol at Chinese ports was 1.5372 million tons, an increase of 4.08 tons from the previous period. The inventory in East China increased by 57,200 tons, while that in South China decreased by 16,400 tons. This week, the port inventory continued to accumulate, mainly in Zhejiang. The delivery of 227,100 tons of foreign - flagged ships contributed to the inventory build - up. In Jiangsu, the pick - up from mainstream warehouses along the Yangtze River remained stable, but the shipment from warehouses along the river was weak due to the opening of inland delivery channels. In Zhejiang, with concentrated arrivals of foreign - flagged ships and stable demand, the inventory increased significantly. In South China, the inventory decreased slightly. In Guangdong, with a small amount of imports and domestic shipments and reduced pick - up from mainstream warehouses during the holiday, the inventory changed little. In Fujian, with no ships arriving during the week and downstream consumption, the inventory decreased. [1] Macroeconomic Analysis - The Ministry of Finance has announced an adjustment to the export tax - rebate policy for products such as photovoltaic products. Starting from April 1, 2026, the VAT export tax - rebate for photovoltaic and other products will be cancelled, including methanol. [2]
甲醇日报：静待库存拐点-20260113
Guan Tong Qi Huo·2026-01-13 11:08