宝城期货甲醇早报-20250812

Report Summary 1) Report Industry Investment Rating No relevant content found. 2) Core Viewpoint of the Report - The methanol 2601 contract is expected to run in a relatively strong manner, showing a short - term, medium - term and intraday trend of stability with short - term and medium - term oscillations and intraday oscillations tending to be strong [1][5]. 3) Summary according to Relevant Catalogue Variety Morning Meeting Summary - For the methanol 2601 contract, the short - term view is oscillation, the medium - term view is oscillation, the intraday view is oscillation tending to be strong, and the reference view is a relatively strong operation. The core logic is that there are differences between long and short positions, and methanol has stabilized in an oscillatory manner [1]. Main Variety Price Market Driving Logic - Commodity Futures Energy and Chemical Sector - As the previous macro - driving force weakens, methanol has returned to a market dominated by a weak supply - demand structure. Currently, 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. However, due to the rebound of domestic coal futures prices in the overnight session on Monday, which offsets the weak supply - demand fundamentals of methanol, the methanol futures 2601 contract showed an oscillatory consolidation trend, with the futures price slightly down 0.04% to 2478 yuan/ton. It is expected that the domestic methanol futures 2601 contract may maintain an oscillatory and stable trend on Tuesday [5].