宝城期货甲醇早报-2025-12-18-20251218

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoint of the Report - The methanol 2605 contract is expected to run strongly, with short - term and medium - term trends being volatile and the intraday trend being bullish. This is mainly due to the rebound in coal prices [1][5] 3. Summary by Related Catalogs 3.1 Variety Morning Meeting Minutes - For the methanol 2605 contract, the short - term trend is volatile, the medium - term trend is volatile, and the intraday trend is bullish. The reference view is a bullish run, and the core logic is that the rebound in coal prices makes methanol volatile and bullish [1] 3.2 Price Quotes and Driving Logic of Main Varieties - The intraday view of methanol is bullish, and the medium - term view is volatile. After the previous positive factors were digested, methanol futures were hindered in their rebound due to increased domestic supply pressure and the drag of a sharp correction in domestic coal futures prices. Although port and inland inventories have slightly declined, they are still high, and downstream demand improvement is insufficient with weak olefin disk profits. Driven by the rebound of domestic coal futures prices, the domestic methanol futures maintained a volatile and bullish trend on Wednesday night, and are expected to maintain this trend on Thursday [5]