宝城期货甲醇早报-20250821

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The methanol 2601 contract is expected to run strongly with short - term, medium - term oscillations and an intraday oscillation on the stronger side. The overall trend is expected to be on the stronger side, but the upward momentum is weak [1][5] 3. Summary by Relevant Catalogs 3.1 Price and Trend - The domestic methanol futures 2601 contract maintained an oscillation on the stronger side on Wednesday night, with the futures price slightly rising 0.33% to 2416 yuan/ton, and it is expected to maintain this trend on Thursday [5] 3.2 Core Logic - 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 is still high, and downstream demand is in the off - season, causing the price center to face a downward shift. However, with the increasing expectation of the Fed's interest - rate cut, the bullish sentiment has warmed up, offsetting the adverse effects of weak cost and supply - demand structure [5]