Group 1: Core View - The short - term sentiment of methanol is weakening due to increased production capacity during the holiday, and there is a possibility of further decline. Attention should be paid to the post - holiday downstream start - up situation, especially the recovery progress of downstream demand during the "Golden March and Silver April" [5] Group 2: Fundamental Analysis - As of February 25, 2026, the total inventory of methanol ports in China was 1.4467 billion tons, an increase of 14,500 tons compared with the previous data. The inventory in East China decreased slightly by 500 tons, while that in South China increased by 15,000 tons. The inventory of methanol ports has increased slightly compared with that before the holiday. Although the unloading speed of foreign vessels was average, the restricted pick - up during the holiday also affected consumption [2] - In Jiangsu, some storage areas along the Yangtze River had ship - supported pick - up, but truck pick - up was scarce, and inventory accumulated under foreign vessel supply. In Zhejiang, the downstream performance was stable, and the inventory decreased due to less ship unloading. In South China, the inventory increased slightly this week. In Guangdong, both imported and domestic trade cargoes arrived at the port, and the pick - up volume in the mainstream storage areas decreased significantly due to the holiday, resulting in inventory accumulation. In Fujian, there was no cargo replenishment, the downstream start - up decreased, the consumption speed slowed down, the pick - up performance was average, and the inventory decreased slightly [2] Group 3: Macroeconomic Analysis - On February 25, five departments in Shanghai jointly issued a notice to optimize and adjust the real - estate policy. Eligible non - Shanghai residents can purchase an additional property within the outer ring starting from February 26, 2026 [3] - The Political Bureau of the CPC Central Committee emphasized continuous prevention and resolution of risks in key areas, and focused on stabilizing employment, enterprises, the market, and expectations [3] - The Political Bureau of the CPC Central Committee stated that a more proactive fiscal policy and a moderately loose monetary policy should continue to be implemented [3] Group 4: Futures and Spot Market Analysis - The price of methanol decreased by 2.37% during the day. After the Spring Festival, the price first rose and then fell. During the Spring Festival, with the increase in the load of gas - based plants, the production capacity and output of methanol reached a high level, and the short - term sentiment weakened [4][5]