宝城期货甲醇早报-20250829

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - The methanol 2601 contract is expected to run weakly, with short - term and medium - term trends being volatile, and the intraday trend being volatile and weak. The price of the domestic methanol futures 2601 contract may maintain a volatile and weak trend on Friday [1][5]. 3. Summary by Related Catalogs 3.1 Time Cycle and View - For the methanol 2601 contract, the short - term view is volatile, the medium - term view is volatile, and the intraday view is volatile and weak, with a reference view of weak operation. The core logic is the emergence of long - short divergence and the market being dominated by a weak supply - demand structure [1][5]. 3.2 Price and Market Logic - As the previous macro - driving force weakens, methanol returns to a market dominated by a weak supply - demand structure. Currently, the supply pressure of methanol at home and abroad is still high, and downstream demand is in the off - season. The weak supply - demand structure causes the price center to face a downward shift. Affected by a slight decline in domestic coal futures prices and the suppression of weak industrial factors, the domestic methanol futures 2601 contract maintained a volatile and stable trend on Thursday night, with the futures price slightly rising 0.38% to 2377 yuan/ton, but continued rebound faces moving - average suppression [5].