Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Report's Core Views - The methanol 2509 contract is expected to run weakly, with short - term, medium - term, and intraday trends being oscillatory, oscillatory, and oscillatory - weak respectively [1][5]. - Due to the continuous release of domestic methanol production capacity and increasing overseas shipments, supply pressure is rising while downstream demand enters the off - season, leading to a loose supply - demand structure [5]. - After the previous sharp correction, the bearish sentiment has been released. A new round of supply - side reform may boost domestic commodity futures, but the methanol futures 2509 contract is still likely to maintain an oscillatory - weak trend on Monday [5]. 3. Summary by Related Content Price and Market Trends - On the night of last Friday, domestic methanol futures maintained an oscillatory - weak trend, with the futures price slightly down 0.58% to 2401 yuan/ton [5]. Supply - Demand Situation - Domestic methanol production capacity is continuously released, increasing internal supply pressure. Overseas shipments are arriving, and external supply is expected to increase. Ports are in a inventory - building cycle, while downstream demand has entered the off - season, resulting in a loose supply - demand structure [5]. Policy Impact - The recent high - level domestic meeting has set the tone for governance of low - price disorderly competition and promotion of the orderly exit of backward production capacity. A new round of supply - side reform may boost domestic commodity futures [5].
宝城期货甲醇早报-20250707
Bao Cheng Qi Huo·2025-07-07 02:04