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宝城期货甲醇早报-20250520
Bao Cheng Qi Huo·2025-05-20 02:09

Report Summary 1) Report Industry Investment Rating - No investment rating information is provided in the report. 2) Core View of the Report - The methanol 2509 contract is expected to run weakly, with a short - term and medium - term outlook of oscillation and an intraday view of oscillation on the weak side [1][5]. 3) Summary by Related Content Price and Market Performance - On the night of Monday this week, the domestic methanol futures 2509 contract slightly closed down 0.53% to 2,269 yuan/ton [5]. Core Logic - With the gradual digestion of macro - positive factors, there is a lack of fundamental support for the continued upward movement of methanol futures prices [5]. - Multiple domestic coal - to - methanol plants have restarted one after another, and the supply pressure has rebounded again, hitting a new weekly production high [5]. - The improvement in downstream demand is limited, and the profit of methanol - to - olefin futures has declined, which is not conducive to the continued reduction of port inventories [5]. - With the expected increase in external imports, the pressure on social inventory accumulation will increase in the future [5].