CITIC Futures: Ongoing Geopolitical Conflicts, Methanol Fluctuating Within Range

K-LinePoet · 2026-04-10T02:53:02+00:00

According to Longzhong Data, the mainstream intention price for North Line methanol in Inner Mongolia is between 2,225 and 2,280 yuan/ton, an increase of 50 yuan/ton compared to the previous trading day's average price. The domestic market sentiment is relatively positive, following the coastal market to raise prices simultaneously. According to Longzhong Information, as of March 18, 2026, China's methanol production enterprise inventory is 485.4k tons, down 37.7k tons from the previous period (a month-on-month decrease of 7.21%); China's total port inventory of methanol is 1.26M tons, down 51.1k tons from the previous period (a month-on-month decrease of 3.89%); the inbound volume during the cycle is 151.6k tons, an increase of 28.9k tons from the previous period (a month-on-month increase of 23.55%). The coastal market MTO industry has expectations of increased operating capacity, boosting methanol demand, coupled with port inventory reduction, leading to a slightly stronger market. On the overseas front, geopolitical tensions further drive the market upward. On March 18, Israel attacked the South Pars gas field in Iran, and global crude oil

K-LinePoet

2026-04-10 02:53:02

According to Longzhong data, the mainstream bid-and-ask intent price for North Line methanol in Inner Mongolia is 2,225-2,280 yuan/ton, up 50 yuan/ton from the previous trading day’s average price. Market sentiment in the domestic market is relatively positive, and prices are being raised in step with the coastal market. According to statistics from Longzhong Information, on March 18, 2026, China’s methanol producer inventory is 485,400 tons, down 37,700 tons from the previous period (a month-on-month decrease of 7.21%); China’s total methanol port inventory is 1,261,700 tons, down 51,100 tons from the previous period (a month-on-month decrease of 3.89%); the inbound volume during the cycle is 151,600 tons, up 28,900 tons from the previous period (a month-on-month increase of 23.55%). Along the coast, the MTO industry has expectations of higher operating load, which boosts methanol demand; combined with month-on-month port inventory declines, the market oscillates and trends slightly stronger. On the overseas front, the geopolitical situation further drives the market upward. On March 18, Israel attacked Iran’s South Pars gas field; global crude oil and natural gas rose again, supporting the methanol futures market. In addition, after the assassination in Larijani, Tehran’s decision-making process has become more complex with fewer options, further raising geopolitical risk. (CITIC Futures)

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