甲醇聚烯烃早报-20260303

Group 1: Methanol - The report provides daily data from February 24 to March 2, 2026, including power coal futures, spot prices in different regions, CFR prices, import profit, main contract basis, and MTO profit [2] - The daily changes on March 2, 2026, show that power coal futures remained unchanged, while most spot prices increased, with the largest increase of 163 in some regions [2] Group 2: Plastic - It presents daily data from February 24 to March 2, 2026, including Northeast Asian ethylene, prices of different types of plastics in various regions, import profit, main contract futures, basis, two - oil inventories, and warehouse receipts [11] - On March 2, 2026, the daily changes indicate that most prices increased, with the largest increase of 370 in Northeast LL price, and the warehouse receipts decreased by 85 [11] Group 3: PVC - The report offers daily data from February 24 to March 2, 2026, on Northwest calcium carbide, Shandong caustic soda, prices of different production methods in different regions, import US dollar price, export profit, comprehensive profits in Northwest and North China, and basis [19] - The daily changes on March 2, 2026, show a decrease of 50 in Northwest calcium carbide price and an increase of 50 in East China calcium - carbide method price [19][20] - The V basis is - 330, a week - on - week increase of 10. This week's trading volume is average. The upstream is stable this week with an operating rate of 79.7%, a week - on - week increase of 1.1%. The calcium - carbide method operating rate is 79.7%, a week - on - week increase of 1.3%, and the ethylene method is 79.6%, a week - on - week increase of 0.3%. Downstream demand is stable. The upstream factory inventory is 30.9 (in ten thousand units), a week - on - week increase of 0.4, and the PVC social inventory is 111.4 (in ten thousand units), a week - on - week increase of 5. The overall inventory level is still moderately high, and exports are flat week - on - week. Currently, the comprehensive profit of PVC is low, with short - term seasonal operating rate recovery. Attention should be paid to downstream restocking. Overall, this year's export volume is relatively large, and the subsequent export sustainability should be observed. In the long - term, the new construction demand in the domestic and foreign real estate markets is still weak. In the medium - to - long - term, the expected pattern of PVC is still poor [20]