甲醇聚烯烃早报-20260323

Report Overview - Report Title: Methanol Polyolefin Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Date: March 23, 2026 [1] Methanol Price Data - On March 20, 2026, the prices of methanol in different regions were as follows: Jiangsu spot was 3085, South China spot was 3090, Lunan folded to the market was 2880, Southwest folded to the market was 2450, Hebei folded to the market was 2700, and Northwest folded to the market was 2915. The CFR China was 382, and the CFR Southeast Asia was 550. The import profit was -88, the main contract basis was 10, and the MTO profit on the disk was -1106 [2]. Daily Changes - From March 19 to 20, 2026, the daily changes were as follows: the price of动力煤期货 remained unchanged, the Jiangsu spot decreased by 60, the South China spot decreased by 95, the Lunan folded to the market decreased by 10, the Southwest folded to the market remained unchanged, the Hebei folded to the market remained unchanged, the Northwest folded to the market decreased by 8, the CFR China decreased by 29, the CFR Southeast Asia remained unchanged, the import profit increased by 134, the main contract basis increased by 47, and the MTO profit on the disk remained unchanged [2]. Plastic Price Data - On March 20, 2026, the prices of plastic in different regions were as follows: Northeast Asia ethylene was 1350, North China LL was 8600, East China LL was 8650, East China LD was 10600, East China HD was 8700, LL in US dollars was 1125, and LL in US Gulf was 1293. The import profit was -649, the main contract futures price was 8818, the basis was -50, the inventory of Sinopec and PetroChina was 81, and the warehouse receipts were 6401 [10]. Daily Changes - From March 19 to 20, 2026, the daily changes were as follows: the price of Northeast Asia ethylene remained unchanged, the North China LL decreased by 50, the East China LL decreased by 150, the East China LD remained unchanged, the East China HD decreased by 100, the LL in US dollars remained unchanged, the LL in US Gulf remained unchanged, the import profit remained unchanged, the main contract futures price decreased by 98, the basis remained unchanged, the inventory of Sinopec and PetroChina decreased by 3, and the warehouse receipts decreased by 680 [10]. Propylene and PP Price Data - On March 20, 2026, the prices of propylene and PP in different regions were as follows: Shandong propylene was 8550, Northeast Asia propylene was 1110, East China PP was 9035, North China PP was 8700, Shandong powder was 8450, East China copolymerized PP was 8920, PP in US dollars was 1215, and PP in US Gulf was 1325. The export profit was 137, the main contract futures price was 9019, the basis was 150, the inventory of Sinopec and PetroChina was 81, and the warehouse receipts were 16051 [17]. Daily Changes - From March 19 to 20, 2026, the daily changes were as follows: the price of Shandong propylene increased by 50, the Northeast Asia propylene remained unchanged, the East China PP decreased by 295, the North China PP decreased by 158, the Shandong powder decreased by 160, the East China copolymerized PP decreased by 80, the PP in US dollars remained unchanged, the PP in US Gulf remained unchanged, the export profit remained unchanged, the main contract futures price decreased by 139, the basis remained unchanged, the inventory of Sinopec and PetroChina decreased by 3, and the warehouse receipts increased by 341 [17]. PVC Price Data - On March 20, 2026, the prices of PVC in different regions were as follows: Northwest calcium carbide was 2650, Shandong caustic soda was 702, calcium carbide method in East China was 5730, ethylene method in East China was 5500, calcium carbide method in South China was 5450, calcium carbide method in North China was 5450, the import price in US dollars (CFR China) was 1050, the export profit was 2011, the comprehensive profit in Northwest was 356, the comprehensive profit in North China was -244, and the basis (high - end delivery product) was -30 [18][19]. Daily Changes - From March 19 to 20, 2026, there were no daily changes in the prices and profits of PVC [19].