宝城期货品种晨会纪要-20251230

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - The methanol futures are expected to run with a bias towards strength, showing an oscillating pattern in the short - term (within a week), medium - term (two weeks to a month), and a bias towards strength intraday [1][5]. 3. Summary by Content 3.1 Price and Market Conditions - The methanol 2605 contract is expected to be oscillating in the short and medium - term, and biased towards strength intraday, with a reference view of running with a bias towards strength [1]. - The domestic methanol futures maintained an oscillating and stable trend in the overnight session on Monday, with the futures price closing slightly higher, and are expected to maintain an oscillating and slightly stronger trend on Tuesday [5]. 3.2 Driving Logic - The methanol futures' rebound was hindered and fell into a callback due to the increasing domestic methanol supply pressure and the significant correction of domestic coal futures prices [5]. - Although the port and inland inventories have slightly declined, they are still at a high level, and the downstream demand improvement is insufficient, with the olefin market profit weakening [5]. - With the emergence of long - short divergence, the market situation is formed [5].