| | | | 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 ...

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]

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].