宝城期货甲醇早报-20250729

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report The methanol 2509 contract is expected to maintain a weak and volatile trend. In the short - term, it is slightly stronger in a volatile manner, in the medium - term it is volatile, and on the day it is slightly weaker in a volatile manner, with an overall view of weak operation [1][5]. 3) Summary by Related Catalogs Variety Morning Meeting Minutes - For the methanol 2509 contract, the short - term view is slightly stronger in a volatile manner, the medium - term view is volatile, the intraday view is slightly weaker in a volatile manner, and the overall view is weak operation. The core logic is that the cost drive has weakened, leading to a weak and volatile trend of methanol [1]. Main Variety Price Market Driving Logic - Commodity Futures Energy and Chemicals Sector - In the context of improved macro factors, the risk appetite in the commodity market has recovered. However, since the night session on Friday, the domestic coal futures prices have corrected from high levels, dragging the methanol futures 2509 contract to stop rising and turn down. With the weakening of the cost - drive logic, the weak supply - demand structure of methanol has once again dominated the futures price. On Monday night, the 2509 contract closed down 1.23% to 2412 yuan/ton. It is expected that the domestic methanol futures 2509 contract may maintain a weak and volatile trend on Tuesday [5].