宝城期货甲醇早报-20250904

Report Summary 1) Report Industry Investment Rating No information provided. 2) Report's Core View - The methanol 2601 contract is expected to operate weakly, showing a volatile and weak trend in the short - term, medium - term, and intraday. The current supply pressure of methanol at home and abroad is still large, downstream demand is in the off - season, and the weak supply - demand structure causes the price center to face a downward shift. The sharp decline in domestic coal futures prices on Wednesday night led to the volatile and weak trend of the methanol futures 2601 contract, and it is expected to maintain this trend on Thursday [1][5]. 3) Summary by Related Contents Time Cycle and View Summary - 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 an overall reference view of weak operation. The core logic is the sharp decline in coal futures prices and the weak supply - demand situation of methanol [1]. Price and Driving Logic - The methanol futures 2601 contract closed slightly lower by 0.38% to 2378 yuan/ton on Wednesday night, and it is difficult for the price to continue rising. The large supply pressure of methanol at home and abroad, the off - season of downstream demand, and the sharp decline in domestic coal futures prices on Wednesday night are the main driving factors for the weak trend [5].