宝城期货甲醇早报-20250807

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report - The methanol 2509 contract is expected to run strongly, with short - term and medium - term trends being oscillatory, and an intraday trend of oscillating strongly [1][5]. - As the previous macro - driving force weakens, methanol returns to a market dominated by a weak supply - demand structure. Despite the large supply pressure and off - season downstream demand, the rebound of domestic coal futures prices offsets the weak fundamentals, and the 2509 contract of domestic methanol futures may maintain an oscillatory and strong trend on Thursday [5]. 3) Summary by Relevant Catalog Variety Morning Meeting Minutes - For methanol 2509, the short - term view is oscillatory, the medium - term view is oscillatory, the intraday view is oscillatory and strong, and the reference view is a strong operation. The core logic is that there are differences between long and short positions, and methanol oscillates and stabilizes [1]. Main Variety Price Market Driving Logic - Commodity Futures Energy and Chemical Sector - The intraday view of methanol is oscillatory and strong, and the medium - term view is oscillatory, with a reference view of strong operation. The current supply pressure of methanol at home and abroad is still large, and downstream demand is in the off - season. The weak supply - demand structure causes the price center to face a downward shift. Driven by the rebound of domestic coal futures prices, the 2509 contract of domestic methanol futures showed an oscillatory consolidation trend on Wednesday night, with the futures price slightly down 0.08% to 2395 yuan/ton. It is expected to maintain an oscillatory and strong trend on Thursday [5].