Weak supply and demand expectations suppress, focusing on high-altitude opportunities for methanol

Jinshi Futures, June 10th, < br > 1. The spring inspection is coming to an end, and the domestic start-up is picking up. The spring inspection in the mainland has come to an end, and the start-up of domestic methanol has gradually increased. The start-up load has returned to more than 80%. And the current methanol production enterprises have better profits. Under the profit-driven maintenance devices are planned to restart one after another, and the domestic methanol supply increment is expected to be strong. < br > 2. Overseas devices have resumed one after another, and the pressure of import return is relatively large. At present, only two sets of 1.65 million-ton/year methanol plants in Iran ZPC have stopped, and they are expected to restart in June. The rest of the devices are in high operation. Overseas methanol starts bottomed out and rebounded, The current valuation of methanol is relatively high, and subsequent import regression superimposed olefin plant maintenance, supply and demand are expected to weaken. Methanol is expected to enter the accumulation cycle, and the overall shock is viewed as weak. It is recommended to pay attention to the opportunity of methanol to sell short on highs, with the above average line as the loss level. Pay attention to the import rhythm and changes in olefin plants.