宝城期货甲醇早报-2025-12-19-20251219

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report [1][5] 2) Report's Core View The report suggests that the methanol 2605 contract is expected to run in a relatively strong manner in the short - term and intraday, while remaining in a range - bound pattern in the medium - term. The core logic is that after the digestion of previous positive factors, methanol futures faced supply pressure and the drag of coal futures price decline, but with the stabilization and rebound of coal futures prices, it may stabilize and consolidate [1][5] 3) Summary by Relevant Content - Time - frame Views - Short - term (within one week): The methanol 2605 contract is expected to be in a range - bound state [1] - Medium - term (two weeks to one month): The methanol 2605 contract is expected to be in a range - bound state [1] - Intraday: The methanol 2605 contract is expected to be relatively strong [1][5] - Driving Logic - Positive factors are digested, and methanol supply pressure in China is increasing. The sharp decline in domestic coal futures prices has dragged down methanol futures, causing them to fall back. Although port and inland inventories have slightly decreased, they are still at high levels, and downstream demand improvement is insufficient, with olefin disk profits weakening [5] - The stabilization and rebound of domestic coal futures prices have driven methanol futures to maintain a range - bound pattern on Thursday night, and it is expected to stabilize and consolidate on Friday [5]