| | | | 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 ...

Core Viewpoint - The investment agreement between Urumqi Ganquanpu Economic and Technological Development Zone and Nantong Donggang Chemical Co., Ltd. signifies a significant commitment to developing a fluorine materials integrated project, with a total investment of approximately 70 billion yuan [1] Investment Details - Nantong Donggang Chemical will invest about 39.5 billion yuan in the first phase of the fluorine materials integrated project, covering an area of approximately 1,000 acres [1] - The project is scheduled to commence construction in October 2023 and is expected to be completed and put into production by April 2027 [1] Production Focus - The project will primarily produce high-value-added fluoropolymer monomers and high-end polymers using raw materials such as chloroform, 1,1,1,2-tetrachloroethane, and anhydrous hydrogen fluoride [1] - Additionally, it will include the construction of a green and environmentally friendly caustic soda facility with a capacity of 300,000 tons per year and a chloromethane facility with a capacity of 100,000 tons per year [1] - The project aims to utilize advanced technologies to produce key fluorine fine chemicals from raw materials like carbon tetrachloride and ethylene [1] Future Expansion Plans - In the second phase, Nantong Donggang Chemical plans to invest an additional 3 billion yuan or more, focusing on downstream high-value-added industries, including the development of high-end fluorine coatings and specialty fluorine cable materials [1]

Report Summary 1. Report Industry Investment Rating - No investment rating provided in the report. 2. Core View of the Report - In the short - term, methanol prices will fluctuate within a range. In the long - term, the methanol spot market may shift from a strong to a weak - oscillating trend [1]. 3. Summary by Relevant Catalogs Price - Methanol prices in many domestic regions increased slightly. For example, the price in Shandong rose from 2290.00 to 2295.00, while the price in Taicang dropped from 2400.00 to 2385.00. Other regions like Inner Mongolia remained unchanged [1]. - Among关联品 (related products), the price of methane chloride increased from 2060.00 to 2110.00, and MTBE increased from 5000.00 to 5030.00 [1]. Supply - Domestic methanol production increased from 276685.00 to 277085.00, and the domestic operating rate rose from 85.66 to 85.78. International operating rate remained at 69.71 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 339830.00 and 725800.00 respectively [1]. Demand - The order backlog remained at 244832.00. The operating rates of MTO, dimethyl ether, formaldehyde, acetic acid, chloride, MTBE, etc. remained mostly unchanged [1]. - The formaldehyde market showed mixed trends. With a slight adjustment in raw material methanol, cost - side support strengthened. However, formaldehyde producers faced greater shipping pressure as the downstream entered the off - season [1].

1. Report Industry Investment Rating - Not mentioned in the provided content 2. 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] 3. Summary by Relevant Catalogs Price - On July 29, 2025, prices of晋城无烟煤, 内蒙动力煤, 川渝液化气, 内蒙 methanol, 中国 methanol, 东南亚 methanol, 西北欧 methanol, and 美国 methanol remained unchanged compared to July 28, 2025. The price of 山东 methanol decreased by 40 to 2260, and the price of international natural gas in Taicang dropped by 0.03 to 10.99, while its volume increased by 5 to 2390. The price of 冰蜡酸 increased by 60 to 2250, and the price of MTBE decreased by 30 to 4950 [1] Supply - On July 29, 2025, domestic methanol production increased by 500 to 278185, domestic methanol operating rate rose by 0.15 to 86.12, and international methanol operating rate decreased by 1.92 to 69.71 compared to July 28, 2025. The arrival volume at the port remained unchanged at 43.04 [1] Inventory - On July 29, 2025, both enterprise inventory and port inventory of methanol remained unchanged at 352340 and 790200 respectively compared to July 28, 2025 [1] Demand - On July 29, 2025, the order backlog of methanol remained unchanged at 243119 compared to July 28, 2025. The operating rates of MTO, 二甲醚, 甲醛, 醋酸, 氯化物, and MTBE all remained unchanged [1] Associated Product Prices - On July 29, 2025, the price of 甲醛(山东) and 二甲醚 remained unchanged, the price of 冰蜡酸 increased by 60 to 2250, the price of 甲烷氯化物 remained unchanged, and the price of MTBE decreased by 30 to 4950 compared to July 28, 2025 [1]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. 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 a strong to a weakening oscillatory trend [1]. 3. Summary by Relevant Catalogs Price - Methanol prices in many domestic regions increased slightly yesterday. For example, the price in Inner Mongolia rose from 2050.00 to 2250.00, and in Shandong from 2280.00 to 2310.00. International prices in most regions remained unchanged, such as in Southeast Asia at 329.50 and in the US at 92.00 [1]. - Among related products, dimethyl ether price increased from 3300.00 to 3330.00, methane chloride from 2000.00 to 2020.00, while MTBE decreased from 5030.00 to 5020.00 [1]. Supply - Domestic methanol production increased from 270915.00 to 271845.00, and domestic operating rate rose from 83.87% to 84.16%, while the international operating rate decreased from 70.77% to 68.85% [1]. Import - The methanol arrival volume remained unchanged at 43.04 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 352340.00 and 790200.00 respectively [1]. Demand - The order backlog remained unchanged at 243119.00 [1]. Operating Rate of Downstream Products - The operating rates of most downstream products remained unchanged, such as MTO at 85.10%, dimethyl ether at 5.19%, and formaldehyde at 43.17% [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]

1. Report Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core Viewpoints - Yesterday, methanol prices in many regions increased slightly. In the northwest main production area, enterprise inventories were low, and downstream and traders' willingness to restock at low prices increased, leading to higher enterprise auction transaction prices. Positive sentiment in the futures market drove smooth new - order transactions in the afternoon, and some enterprises stopped selling to support prices, pushing up spot prices. However, downstream buyers were mainly on the sidelines, and procurement became more rational after restocking at low prices. The market trend depends on downstream procurement transactions on Tuesday. 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 volatile [1]. 3. Summary by Relevant Catalogs 3.1 Price - Methanol prices: Prices in Taicang decreased by 20 yuan to 2430 yuan, and in Shandong decreased by 15 yuan to 2255 yuan. Other regions such as Inner Mongolia remained unchanged. International methanol prices in Southeast Asia, Northwest Europe, and the United States also remained stable [1]. - Associated product prices: The price of acetic acid decreased by 20 yuan to 2290 yuan, and MTBE decreased by 50 yuan to 5100 yuan. The prices of formaldehyde in Shandong, dimethyl ether, and methane chloride remained unchanged [1]. 3.2 Supply - Domestic production: It decreased by 1700 to 272788 [1]. - Domestic operating rate: It decreased by 0.53 percentage points to 84.73%, while the international operating rate remained at 70.07% [1]. - Imports: The arrival volume remained at 30.14 [1]. 3.3 Inventory - Enterprise inventory and port inventory remained unchanged at 341550 and 670500 respectively [1]. 3.4 Demand - The order backlog remained at 240700 [1]. 3.5 Operating Rates of Downstream Products - The operating rates of MTO, dimethyl ether, formaldehyde, wax dewaxing, chlorides, and MTBE remained unchanged [1].

Core Viewpoint - The article highlights the commencement of a significant project by Tangshan Yulong New Materials Technology Co., Ltd., focusing on the production of electronic-grade epoxy resin and its associated facilities, which is expected to enhance the efficiency and logistics of the industry. Group 1: Project Overview - The project involves the construction of a 150,000 tons/year electronic-grade epoxy resin facility located in the Caofeidian Chemical Industrial Park in Tangshan, which will ensure efficient operation and product transportation [1][2]. - The total investment for the project is approximately 4.56 billion yuan, which includes the establishment of upstream raw material intermediate products such as 300,000 tons/year ion membrane caustic soda and 60,000 tons/year glycerol-based epoxy chloropropane [3]. Group 2: Company Background - Tangshan Yulong New Materials Technology Co., Ltd. is a state-owned enterprise established on March 28, 2024, focusing on the promotion of new material technologies and the production of high-end chemical products, primarily electronic-grade epoxy resin and its related products [4].

| | | | 投资咨询业务资格:证监许可【2012】31号 | | ITG国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 蜈致据日报 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | 2025/06/20 | | | | | 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 | 2025/06/18 900. 00 | 2025/06/19 900. 00 | 涨跌值 0. 00 | 行情评述 | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | | 川渝液化气 | 4350.00 | 4350. 00 | 0. 00 | | | | 国际大然气 太仓 | 13. 10 2670.00 | 12.98 2750.00 | -0.12 80. 00 | 昨日甲醇多地价格小幅上调。西北主 | | | | | | | 产区企业库存低位,下游及贸易商低 | | 肌喷价格 | 内蒙 | 2000. 00 | 2030. 00 | 30. 00 | 价 ...