市场供需存好转预期 对二甲苯期货盘面表现偏强

Core Viewpoint - The PX market is experiencing a strong performance with futures prices rising, while the supply-demand dynamics indicate potential pressures in the medium term [1][2][3] Group 1: PX Market Performance - As of November 6, PX futures showed a strong upward trend, with the main contract increasing by 1.84% to 6740.0 yuan/ton [1] - The spot market for PX saw a narrowing of the monthly difference from +7 to +3, maintaining a strong floating level, with December negotiations around +7/+8 and January around +1/+3 [2] Group 2: Production and Capacity Utilization - PX production for the week was reported at 737,400 tons, reflecting a week-on-week increase of 1.85% [2] - Domestic PX average capacity utilization rate stood at 87.93%, up by 1.6% from the previous week [2] Group 3: Price Trends and Market Outlook - On November 5, the closing prices for PX in Asia rose by $2/ton, with prices at $793-795/ton FOB Korea and $818-820/ton CFR China [2] - New Century Futures noted that while there is an expectation of improved supply-demand for PX, the overall pressure on PX prices remains due to the imbalance in the polyester industry chain [3] - Mai Ke Futures indicated that although PX profits may expand further, the current profit levels in the polyester chain are relatively high, limiting the upward potential for PX prices [3]