甲醇日报：美伊冲突升级，甲醇再次涨停-20260303

Report Industry Investment Rating - Not provided Core View - The conflict between the US and Iran has broken out, with a scale and intensity far exceeding previous ones. The closure of the Strait of Hormuz has triggered a global energy crisis. Considering Iran's influence on methanol exports and the Strait of Hormuz's impact on shipping, the impact on methanol is significant. Methanol has reached the daily limit again during the session, opening up upward space. In the short term, as the event continues to ferment, methanol is currently in a pattern where it is easier to rise than to fall. It should be treated with a strong mindset, and the external situation should be closely monitored [4] Summary by Relevant Catalogs Fundamental Analysis - As of February 25, 2026, the total methanol port inventory in China was 1.4467 million tons, an increase of 14,500 tons compared to the previous data. The inventory in East China decreased slightly by 500 tons, while the inventory in South China increased by 15,000 tons. The methanol port inventory has accumulated slightly compared to before the holiday. Although the unloading speed of foreign vessels in the cycle was average (242,400 tons were unloaded in two weeks), the restricted提货 during the holiday also affected consumption [1] - In the Jiangsu River - side area, some warehouses had vessel - supported提货, but truck - transport提货 was scarce. With the supply of foreign vessels, the inventory accumulated. In Zhejiang, the downstream performance remained stable, and the small number of unloaded ships led to a decline in inventory [1] - This week, the inventory in South China ports increased slightly. In Guangdong, both imported and domestic ships arrived during the period. Affected by the holiday, the提货 volume in the mainstream warehouses decreased significantly, resulting in inventory accumulation. In Fujian, there was no ship - cargo replenishment, and the slowdown in consumption speed due to the reduction in downstream开工 led to a general提货 performance and a slight decrease in inventory [1] Macroeconomic Analysis - Six departments including the Ministry of Industry and Information Technology support the cooperation between photovoltaic component parts manufacturers such as photovoltaic glass, crystalline silicon materials, junction boxes, and aluminum frames and renewable resource comprehensive utilization enterprises [2] - The Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference will open at 3 pm on March 4th in the Great Hall of the People and close on the morning of March 11th, with a session lasting 7 days [2] - US Special Envoy Witkoff said that it is impossible to reach an agreement with Iran, and he described the meeting with Iranian officials as ineffective [2] - Shipping industry news shows that three oil tankers were attacked and damaged in the waters along the Persian Gulf. On the other hand, shipping data shows that more than 200 ships, including oil and liquefied gas tankers, are anchored in the Strait of Hormuz and nearby waters [2] Futures and Spot Market Analysis - Not provided