宝城期货甲醇早报-20250509

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - The methanol 2509 contract is expected to maintain a slightly bullish and volatile trend on Friday, May 9, 2025 [1][5]. Group 3: Summary by Related Catalog Price and Trend - The methanol 2509 contract showed a stable and volatile trend in the night session on Thursday, with the futures price slightly rising 0.14% to 2223 yuan/ton [5]. Supply - Although the production profit of domestic coal - to - methanol has declined, with multiple sets of devices restarting before the holiday, the supply pressure has risen again, and the weekly production reached a new high. In the week of April 30, 2025, the average weekly methanol production in China was 200.88 million tons, a month - on - month increase of 18.19 million tons and a year - on - year increase of 26.07 million tons compared to 174.81 million tons last year [5]. Demand - The downstream demand has improved, and the recovery of the futures market profit of methanol - to - olefins has boosted the purchasing enthusiasm at ports, resulting in a smooth reduction of port inventories [5]. Time - frame Views - Short - term view (within a week): The methanol 2509 contract is in a volatile state [1]. - Medium - term view (two weeks to one month): The methanol 2509 contract is in a slightly bearish and volatile state [1][5]. - Intraday view: The methanol 2509 contract is in a slightly bullish and volatile state [1][5].