20260202申万期货品种策略日报：原油甲醇-20260202

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - SC night session declined by 2.67%. US President Trump indicated that Iran intended to contact the US and hinted at possible resumption of diplomatic communication. The situation in Venezuela also alleviated as it was promoting comprehensive oil legal reform [3]. - US crude oil daily production for the week ending January 16 was 13.732 million barrels, a decrease of 21,000 barrels from the previous week and an increase of 255,000 barrels from the same period last year [3]. - Methanol night session declined by 0.13%. The average operating load of domestic coal (methanol) - to - olefins plants was 80.06%, a decrease of 0.13 percentage points from the previous period [3]. - As of January 29, coastal methanol inventory was 1.43 million tons, a 0.33% decrease from January 22, and a 42.43% increase year - on - year. The estimated available marketable methanol in coastal areas was around 720,000 tons [3]. - The estimated import ship arrivals in China from January 30 to February 15 were between 593,000 and 600,000 tons. As of January 29, the overall operating load of domestic methanol plants was 77.56%, a 0.15 - percentage - point increase from the previous period and a 0.75 - percentage - point increase compared to the same period last year [3] Group 3: Summary by Related Catalogs Futures Market - Price and Volume Information: For SC, the previous day's closing prices were 464.7 for the near - month contract and 472.5 for the next - month contract, with increases of 6.5 and 12.2 respectively, and increases of 1.42% and 2.65%. For WTI, the near - month and next - month closing prices were 65.51 and 65.03, with increases of 2.01 and 1.89, and increases of 3.17% and 2.99%. For Brent, the near - month and next - month closing prices were 68.74 and 67.69, with increases of 1.04 and 0.93, and increases of 1.54% and 1.39%. The trading volumes and open interests of each contract were also provided, along with the changes in open interests [2]. - Spread Information: The spreads between different contracts were presented, including SC near - month - SC next - month, SC next - month - SC next - next - month, etc., and their current and previous values [2]. Spot Market - International Market: The prices of OPEC's basket of crude oil, Brent DTD, Russian ESPD, Oman, Dubai, and Cinta were given, showing an upward trend compared to the previous values [2]. - Domestic Market: The prices of domestic crude oil (Daqing, Shengli), Chinese gasoline wholesale price index, Chinese diesel wholesale price index, FOB naphtha (Singapore), and ex - factory price of jet kerosene were provided, with most showing an increase [2].