20230918-兴证期货-甲醇_尿素日度报告_4页_337kb

Methanol Market Summary:

• China domestic production increased slightly, with a domestic开工rate rising to 73.16% and regional plants experiencing outages and restarts.
• Prices: China现货prices stable or up in key areas (e.g.,江苏at 2575,广东at 2525), while international CFR China主港quotes at 263 per ton.
• Imports: Expected to reach 683,000 tons by end-September, contributing to port inventory.
• Outlook: Market likely maintains an震荡range due to weakening demand and port inventory build-up; influenced by global energy prices and potential supply disruptions abroad.

Urea Market Summary:

• Domestic prices mostly stable, with variations by region (e.g.,山东at 2561,内蒙古suggesting price hikes).
• Supplies increase from plant restarts; industrial demand remains low and concentrated on short-term purchases.
• Outlook: Market in a range-bound phase, expecting limited volatility amid unstable export execution and pending policies.