宝城期货甲醇早报-20251106

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The methanol 2601 contract is expected to run weakly, with short - term and medium - term trends being oscillatory and oscillatory - weak respectively, and the intraday trend also being oscillatory - weak. The weak supply - demand situation dominates the market [1][5]. 3. Summary by Related Content Price and Trend - On Wednesday night, the domestic methanol futures 2601 contract maintained an oscillatory - weak trend, with the futures price slightly down 0.57% to 2108 yuan/ton. It is expected that on Thursday, the contract will maintain an oscillatory - weak trend [5]. Core Logic - After the meeting between Chinese and US leaders, the overall results in economic and trade tariffs were slightly lower than market expectations. As the macro - positive sentiment was digested, the driving force of macro factors weakened, and there was a profit - taking phenomenon in the market [5]. - Currently, the domestic methanol operating rate and weekly output remain at relatively high levels, the external import pressure continues to increase, and the methanol inventories at ports in East and South China are high [5]. - Although downstream demand is gradually improving, the olefin futures profit is not good, and the situation of weak demand still needs to be improved [5].