宝城期货甲醇早报-20251120

Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core Viewpoints of the Report - The methanol 2601 contract is expected to run weakly, with a short - term weak trend, a medium - term oscillating trend, and a weak intraday trend. The overall situation is dominated by weak supply and demand, leading to an oscillating and weak trend [1][5] - With the expected loosening of the supply side, the future downward space of domestic methanol futures may be limited [5] Group 3: Summary by Related Content Price and Trend - On Wednesday night, the domestic methanol futures 2601 contract maintained an oscillating and weak trend, with the futures price slightly lower. It is expected that on Thursday, it may continue this oscillating and weak trend [5] Supply - side Factors - The loss of coal - to - methanol plants is continuously expanding, increasing the expectation of supply contraction. Near the peak winter heating demand season, there is an expectation of gas restrictions for southwest natural - gas - to - methanol production [5] Demand - side and Inventory Factors - Domestic port inventories remain high, external imports are at a high level, and demand continues the weak rhythm [5]