受地缘影响，原油周内计价风险溢价

Group 1 - The core viewpoint is that the supply and demand for PX and PTA are expected to marginally improve this year, with a focus on the price spread between PX (China main port) and naphtha (Japan) which has started to decline, recorded at 326.08 USD/ton on the 15th [1][2] - The oil and petrochemical index performed generally this week, with a decrease of 0.27% compared to last week, while the oilfield services sector showed the best performance within the petrochemical industry, increasing by 1.63% [1][2] Group 2 - Crude oil prices have risen, with an increase in US crude oil inventories and a decrease in gasoline inventories [3] - Polyester filament prices remain stable, with varying inventory days for different varieties in Jiangsu and Zhejiang, and a decline in weaving machine operating rates [3] - For olefins, sample PE spot prices have increased, while petrochemical inventories of polyolefins have decreased [3] - If demand improves and there is progress in eliminating outdated production capacity, it will benefit the midstream refining sector [4] - Attention is drawn to the progress of PTA's anti-involution and PX profit recovery, which, if successful, will benefit polyester filament [5]