银河期货甲醇日报-20260306

Group 1: Report General Information - Report title: Methanol Daily Report [1] - Report date: March 6, 2026 [1] - Report type: Energy and Chemical Research Report [1][6] - Data source: Galaxy Futures [7][10] Group 2: Market Review - Futures market: The futures market closed at 2486, up 59 or 2.33% [2] - Spot market: Different regions have different spot prices, such as 1990 yuan/ton in southern Inner Mongolia, 1980 yuan/ton in northern Inner Mongolia, etc [2] Group 3: Important Information - As of March 5, 2026, the weekly average capacity utilization rate of MTO plants in Jiangsu and Zhejiang was 38.95%, unchanged from last week [3] Group 4: Logic Analysis - Supply side: Coal - to - methanol profit is around 300 - 350 yuan/ton, domestic supply is continuously loose. Foreign market starts to recover, import in March is expected to be about 750,000 tons [4] - Demand side: MTO plant operating rate is low, with some plants shut down or under - loaded [4] - Inventory: Port inventory is decreasing, while inland enterprise inventory fluctuates slightly. With the intensification of the conflict, there are concerns about supply shortages [4] Group 5: Trading Strategy - Unilateral: Operate with caution [5] - Arbitrage: Wait and see [5] - Options: Sell call options [5]