| | | | 设资咨询业务资格:证监许可 2012 31号 | | ITC国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | 蜈致 据 日报 期货从业号:F305427 | | | | | | 能源化工研究中心 陈一凡 | 投资咨询证号:Z0015946 | 2025/08/21 | | 指标 | | 2025/08/19 | 2025/08/20 | 涨跌值 | 行情评述 | | | 晋城大烟煤 | 900. 00 | 900. 00 | 0. 00 | | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | FV AN | 川渝液化气 | 4130.00 | 4140.00 | 10. 00 | | | | 国际大然气 | 10. 52 | 10.43 | -0. 09 | | | | 太仓 | 2270.00 | 2290.00 | 20. 00 | 昨日甲醇多地价格小幅上调。西北主 | | 肌喷价格 | 内蒙 | 2080. 00 | 2080. 00 | 0.00 | 产区企业库存低位,下游 ...

| | | | 投资咨询业务资格:证监许可【2012】31号 | | ITC国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 醒数据日报 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | 2025/08/19 | | | | | 能源化工研究中心 陈一凡 | 投资咨询证号:Z0015946 | | | 指标 | 晋城无烟煤 | 2025/08/15 900. 00 | 2025/08/18 900. 00 | 涨跌值 0. 00 | 行情评述 | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | 成本 | 川渝液化气 | 4265.00 | 4130.00 | -135.00 | | | | 国际大然气 | 10. 83 | 10.52 | -0. 31 | | | | 太仓 | 2310.00 | 2290.00 | -20. 00 | 昨日甲醇多地价格小幅上调。西北主 | | 现货价格 | 内蒙 | 2100.00 | 2080. 00 | -20.00 | 产区企业库存低位,下游及贸 ...

| | | | 投资咨询业务资格:证监许可【2012】31号 | | ITG国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 醒数据 日报 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | 2025/08/12 | | | | | 能源化工研究中心 陈一凡 | 投资咨询证号:Z0015946 | | | 指标 | | 2025/08/08 | 2025/08/11 | 涨跌值 | 行情评述 | | | 晋城无烟煤 | 900. 00 | 900. 00 | 0. 00 | | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | 77 ZA | 川渝液化气 | 4330.00 | 4130.00 | -200.00 | | | | 国际大然气 | 11. 07 | 10.86 | -0.21 | | | | 太仓 | 2375.00 | 2365.00 | -10.00 | 昨日甲醇多地价格小幅上调。西北主 | | 肌喷价格 | 内蒙 | 2100.00 | 2100.00 | 0.00 | ...

8 服 热 E 户网 站 100 - 100 la pa 400-8888-598 www.itf.com.cn ts No 180 14/1 | | | | 投资咨询业务资格:证监许可【2012】31号 | | ITG国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 蜈致猪 技 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | 2025/08/08 | | 指标 | | 2025/08/06 | 能源化工研究中心 陈一凡 2025/08/07 | 投资咨询证号:Z0015946 涨跌值 | 行情评述 | | | 晋城无烟煤 | 900. 00 | 900. 00 | 0. 00 | | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | HV AN | 川渝液化气 | 4350.00 | 4330.00 | -20. 00 | | | | 国际大然气 | 11. 30 | 11.18 | -0.12 | | | | 太仓 | 2380.00 | 2375.00 | -5.00 | 昨日甲醇 ...

Report Industry Investment Rating - Not provided Core View of the Report - In the short term, methanol prices will fluctuate within a range, and in the medium to long term, the methanol spot market may shift from strong to weak and fluctuate [1] Summary by Relevant Catalogs Spot Price - On July 30, 2025, the price of Sichuan and Chongqing liquefied gas increased by 107 to 4450, international natural gas increased by 0.35 to 11.34, Taicang methanol increased by 10 to 2400, and Shandong methanol increased by 30 to 2290. The prices of MTBE increased by 50 to 5000. Other products' prices remained unchanged [1] Supply - On July 30, 2025, domestic methanol production decreased by 1500 to 276685, and domestic methanol operation rate decreased by 0.46 to 85.66. International operation rate remained unchanged at 69.71 [1] Inventory - On July 30, 2025, the arrival volume at the port, enterprise inventory, and port inventory of methanol remained unchanged, at 17.38, 339830, and 725800 respectively [1] Demand - On July 30, 2025, the order backlog of methanol remained unchanged at 244832 [1] Cost - On July 30, 2025, the cost of Inner Mongolia coal - based methanol increased by 4.2 to 1881.5, Shandong coal - based methanol increased by 4.2 to 2131.5, and Shanxi coal - based methanol increased by 4.6 to 1984.5. Other products' costs remained unchanged [1] Operating Rate - On July 30, 2025, the operating rates of various methanol downstream products remained unchanged, with the MTO operating rate at 84.95, dimethyl ether at 5.19, formaldehyde at 37.19, wax fragrance at 92.69, chloride at 75.79, and MTBE at 69.01 [1] Associated Product Prices - On July 30, 2025, the prices of formaldehyde (Shandong), dimethyl ether, acetic acid, and methane chloride remained unchanged, at 925, 3330, 2250, and 2060 respectively. The price of MTBE increased by 50 to 5000 [1]

Report Summary 1. Report Industry Investment Rating - No information provided in the report. 2. Core View - In the short - term, methanol prices will fluctuate within a range; in the medium - to long - term, the methanol spot market may shift from strong to weak and fluctuate [1]. 3. Summary by Relevant Catalogs a. Spot Price - On July 14, 2025, methanol prices in many domestic regions were slightly adjusted. The inventory of enterprises in the northwest main production area was at a low level, and the willingness of downstream and traders to replenish at low prices increased, leading to higher enterprise auction transaction prices. The positive sentiment in the futures market drove smooth transactions of new domestic orders in the afternoon, and some enterprises stopped selling to support prices, pushing up the general increase of spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after the previous low - price replenishment. The market trend depends on the downstream procurement transactions on Tuesday. For example, the price in Taicang increased from 2355.00 to 2370.00, an increase of 15.00; the price in Shandong increased from 2220.00 to 2230.00, an increase of 10.00; while the price in Inner Mongolia decreased from 1980.00 to 1970.00, a decrease of 10.00 [1]. b. Supply - Domestic methanol production increased from 266175.00 to 271225.00, an increase of 5050.00, and the domestic start - up rate increased from 82.68 to 84.25, an increase of 1.57. The international start - up rate remained unchanged at 71.13 [1]. c. Import - The arrival weight of imports remained unchanged at 25.46 [1]. d. Inventory - Both enterprise inventory and port inventory remained unchanged at 352280.00 and 673660.00 respectively [1]. e. Demand - The order backlog remained unchanged at 233250.00 [1]. f. Operating Rates of Related Products - The operating rates of MTOH, dimethyl ether, formaldehyde, acetic acid, chloride, MTBE, etc. remained mostly unchanged, with only the formaldehyde operating rate remaining unchanged at 46.40 [1]. g. Associated Product Prices - The price of dimethyl ether decreased from 3350.00 to 3300.00, a decrease of 50.00; the price of methane chloride increased from 2140.00 to 2160.00, an increase of 20.00; the price of MTBE increased from 4950.00 to 4960.00, an increase of 10.00 [1].

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - In the short term, methanol prices will fluctuate within a range, and in the long term, the methanol spot market may shift from strong to weak and fluctuate [1] Group 3: Summary by Relevant Catalog Price Indicators - On July 10, 2025, the prices of most energy - chemical products remained stable, with slight increases in international natural gas, methanol in Taicang and Shandong, and domestic production. For example, international natural gas rose from 11.64 to 11.72, methanol in Taicang increased from 2375.00 to 2380.00, and domestic production rose from 273125.00 to 274675.00 [1] Supply - Domestic methanol production and start - up rate increased slightly. Domestic production increased by 1550.00 to 274675.00, and the domestic start - up rate rose from 84.84 to 85.32 [1] Inventory - Both enterprise and port inventories of methanol remained unchanged, with enterprise inventory at 352280.00 and port inventory at 673660.00 [1] Demand - Orders to be delivered remained stable at 233250.00 [1] Associated Product Prices - The prices of associated products such as formaldehyde, dimethyl ether, and acetic acid remained unchanged on July 10, 2025 [1]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - In the short term, methanol prices will fluctuate within a range. In the medium to long term, the methanol spot market may shift from a strong to a weakening oscillatory trend [1] Group 3: Summary by Relevant Catalogs Spot Price - On June 9, 2025, the prices of methanol in multiple regions increased slightly. The inventory of enterprises in the main production areas in the northwest was low, and the willingness of downstream and traders to replenish at low prices increased, leading to higher auction transaction prices. The positive sentiment in the futures market drove smooth new - order transactions in the afternoon, and some enterprises stopped selling to support prices, pushing up the spot prices. Downstream buyers were mainly on the sidelines, and procurement became more rational after the previous low - price replenishment [1] Supply - Domestic methanol production increased by 200 to 285,678, and the domestic operating rate rose by 0.06 to 88.74. The international operating rate remained unchanged at 68.73 [1] Inventory - Both enterprise and port inventories remained unchanged at 354,950 and 522,960 respectively [1] Demand - The number of pending orders remained unchanged at 249,892 [1] Operating Rates of Related Products - The operating rates of MTO, dimethyl ether, methyl chloride, MTBE, etc. remained unchanged. The operating rate of formaldehyde in Shandong decreased by 10 to 910 [1] Associated Product Prices - The prices of acetic acid and methane chloride decreased by 30 and 170 respectively, while the price of MTBE increased by 60 [1]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report - In the short term, methanol prices will fluctuate within a range. In the medium to long term, the methanol spot market may shift from a strong to a weak - oscillating trend [1]. 3) Summary by Relevant Catalogs Spot Price - Methanol prices in multiple domestic regions showed minor adjustments. The price in Inner Mongolia decreased by 170 to 1850, while in Shandong it increased by 10 to 2130. International prices remained mostly unchanged [1]. Supply - Domestic methanol production and domestic and international start - up rates were relatively stable, with the international start - up rate decreasing by 3.65 to 66.50 [1]. Inventory - Both enterprise and port inventories remained unchanged at 336010 and 490379 respectively [1]. Demand - Order backlogs remained unchanged at 235206. The formaldehyde market showed mixed trends, and production enterprises adjusted their shipment mechanisms according to inventory [1]. Operation Strategy - The basis strengthened, and trading volume was average. Short - term methanol prices will oscillate within a range, and medium - to long - term spot prices may turn weak [1]. Associated Product Prices - The price of methane chloride increased by 50 to 2250, while MTBE decreased by 60 to 5000. Other associated product prices remained stable [1].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report - In the short - term, methanol prices will fluctuate within a range, with the basis strengthening and trading volume being average. In the long - term, the methanol spot market may shift from a strong to a weakening oscillation [1]. 3. Summary by Relevant Catalogs Spot Price - The prices of some coal types (Jincheng big - smoke coal and Inner Mongolia thermal coal) remained unchanged at 1000.00 and 630.00 respectively. Sichuan - Chongqing liquefied gas price stayed at 4450.00. International natural gas price increased from 11.45 to 12.59, a rise of 1.14. Methanol prices in some regions changed: in Taicang, it dropped from 2325.00 to 2295.00; in Inner Mongolia, it decreased from 2120.00 to 2050.00; in Shandong, it went down from 2280.00 to 2260.00. Methanol prices in China, Southeast Asia, Northwest Europe, and the US remained stable. MTBE price increased from 4880.00 to 4920.00, while other related product prices such as formaldehyde, dimethyl ether, glacial acetic acid, and methane chloride remained unchanged [1]. Supply - Domestic methanol production decreased by 500.00 to 281465.00. Domestic methanol operating rate remained at 87.43, while international operating rate dropped from 69.33 to 67.60, a decrease of 1.73 [1]. Inventory - Both enterprise inventory and port inventory of methanol remained unchanged at 303910.00 and 561870.00 respectively [1]. Demand - Order backlog remained at 237780.00. The operating rates of various methanol - related downstream industries such as MTO, secondary chemical plants, formaldehyde, acetic acid, chloride, MTBE, etc., remained stable [1].