宝城期货甲醇早报-20250827

Report Industry Investment Rating No relevant content provided. Core View of the Report - The methanol 2601 contract is expected to run weakly, with short - term, medium - term and intraday trends 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 at home and abroad is large, downstream demand is in the off - season, and the weak supply - demand structure causes the price center to decline. Affected by the slight decline in domestic coal futures prices and other factors, the methanol 2601 contract on the domestic futures market maintained an oscillatory - weak trend on Tuesday night, with the futures price closing 1.24% lower at 2383 yuan/ton. It is expected to maintain an oscillatory - weak trend on Wednesday [5]. Summary by Related Catalog Variety Morning Meeting Minutes - For the methanol 2601 contract, the short - term view is oscillatory, the medium - term view is oscillatory, the intraday view is oscillatory - weak, and the reference view is weak operation. The core logic is that bearish factors suppress the price, leading to an oscillatory - weak trend [1]. Main Variety Price Market Driving Logic - 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 reason is that the weakening of the previous macro - driving force makes the market return to be dominated by a weak supply - demand structure. The supply pressure is large, the demand is in the off - season, and the price center is facing a downward shift. On Tuesday night, the domestic methanol 2601 contract futures price closed 1.24% lower at 2383 yuan/ton, and it is expected to maintain an oscillatory - weak trend on Wednesday [5].