宝城期货甲醇早报-20250808

Report Industry Investment Rating No relevant content provided. Report's Core View - The methanol 2509 contract is expected to run weakly, with short - term, medium - term, and intraday views being oscillatory, oscillatory, and oscillatory - weak respectively [1][5]. - As the previous macro - driving force weakens, methanol returns to a market dominated by a weak supply - demand structure. The supply pressure of methanol at home and abroad remains high, and downstream demand is in the off - season. The weak supply - demand structure causes the price center to face a downward shift [5]. Summary by Related Catalogs Variety Morning Meeting Summary - For methanol 2509, the short - term view is oscillatory, the medium - term view is oscillatory, and the intraday view is oscillatory - weak. The reference view is weak operation, and the core logic is that the decline in coal futures prices leads to the weak oscillation of methanol [1]. Price Quotation Driving Logic of Main Varieties - Commodity Futures Energy and Chemical Sector - The intraday view of methanol is oscillatory - weak, and the medium - term view is oscillatory. The reference view is weak operation. The core logic is that the weak supply - demand structure and the decline in domestic coal futures prices on Thursday night lead to the oscillatory - weak trend of the methanol futures 2509 contract, with the futures price slightly down 0.04% to 2394 yuan/ton. It is expected that the contract will maintain an oscillatory - weak trend on Friday [5].