宝城期货甲醇早报-20250417

Report Summary 1) Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2) Core View - The methanol market is expected to run weakly with bearish factors prevailing. The domestic methanol futures 2509 contract may maintain a weakly oscillating trend on Thursday [1][5]. 3) Summary According to Related Contents Price and Trend - The short - term, medium - term, and intraday views of methanol 2509 are all weakly oscillating, with a reference view of weak operation [1]. - On Wednesday night, the domestic methanol futures 2509 contract showed a weakly oscillating trend, with the futures price closing down 1.27% to 2246 yuan/ton [5]. Driving Logic - The US President Trump's move to reduce the intensity of the tariff war has released positive signals, and the risk appetite of the financial market has risen, which has repaired the bullish sentiment in the methanol market [5]. - However, the domestic methanol supply pressure is relatively large. During the Spring Festival maintenance period, due to the high profit of coal - to - methanol this year, the weekly output and operating rate remain high. Meanwhile, the downstream demand for methanol has only slightly improved [5].