建信期货PTA日报-20250513

Group 1: Report Information - Report Name: PTA Daily Report [1] - Date: May 13, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Market Review and Operation Suggestions - Futures Market: On the 12th, the closing price of PTA's main futures contract TA2509 was 4,710 yuan/ton, up 142 yuan/ton or 3.11%. The settlement price was 4,638 yuan/ton, and the daily open interest increased by 36,095 lots. The TA2505 contract closed at 4,826 yuan/ton, up 150 yuan/ton, with a trading volume of 39,828 lots, a decrease of 1,328 lots [6]. - Market Outlook: Due to the progress in trade negotiations, the rise in crude oil prices, the recovery in downstream polyester sales, and the continuous inventory reduction of PTA, positive factors are concentrated, and the PTA market is expected to rise [6]. Group 3: Industry News - Crude Oil: The market expects the easing of trade tensions between China and the US. The UK announced a "breakthrough" in the US trade agreement, and international oil prices continued to rise. On May 9, the settlement price of WTI crude oil futures for June 2025 on the New York Mercantile Exchange was $61.02 per barrel, up $1.11 or 1.85%. The settlement price of Brent crude oil futures for July 2025 on the London Intercontinental Exchange was $63.91 per barrel, up $1.07 or 1.70% [7]. - PX: The evaluated price of the PX market in China was $784 - 786 per ton, unchanged from the previous trading day. The evaluated price of the PX market in South Korea was $764 - 766 per ton, also unchanged. Affected by the progress in Sino - US trade relations, the oil market continued to rise. However, due to the Vesak Day holiday in Singapore, there were no reported transactions [7]. - PTA: The price of PTA in the East China market was 4,819 yuan/ton, up 97 yuan/ton. The average daily negotiation basis was a premium of 181 yuan/ton over the futures 2509 contract, up 27 yuan/ton [7]. Group 4: Data Overview - Figures: The report includes figures such as international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA futures prices, basis, processing margins, downstream product inventories, PTA warehouse receipts, polyester factory load rates, and downstream product prices [11][15][18]