建信期货MEG日报-20250710

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The short - term fundamentals of ethylene glycol are generally weak, and the recent tariff issue is still simmering with market risk - aversion sentiment remaining. It is expected that the ethylene glycol market may maintain a weak trend [7]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - The closing price of the main ethylene glycol futures contract EG2509 on the 9th was 4,283 yuan/ton, up 10 yuan from the previous trading day's settlement price. The trading volume was 119,519 lots, and the open interest was 285,305 lots [7]. - The closing price of EG2601 was 4,312 yuan/ton, up 12 yuan, with an open interest of 7,541 lots, an increase of 222 lots [7]. 3.2. Industry News - International oil prices remained at a near - two - week high. On Tuesday (July 8), the settlement price of WTI crude oil futures for August 2025 on the New York Mercantile Exchange was $68.33 per barrel, up $0.40 or 0.59% from the previous trading day. The settlement price of Brent crude oil futures for September 2025 on the London Intercontinental Exchange was $70.15 per barrel, up $0.57 or 0.82% [8]. - In the Zhangjiagang ethylene glycol market, the spot negotiation price this week was 4,353 - 4,355 yuan/ton, up 9 yuan/ton from the previous working day. The negotiation price for next - week's spot was also 4,353 - 4,355 yuan/ton, and that for late July was 4,354 - 4,357 yuan/ton. The basis of this week's spot, next - week's spot, and late - July spot against EG2509 was at a premium of 70 - 72 yuan/ton, 70 - 72 yuan/ton, and 71 - 74 yuan/ton respectively [8]. - The mainstream transaction price in the Zhangjiagang ethylene glycol market was 4,335 - 4,360 yuan/ton, up 2.5 yuan/ton from the previous trading day [8]. 3.3. Data Overview The report provides multiple data charts including PTA - MEG spread, MEG price, MEG futures price, futures - spot price difference, international crude oil futures main - contract closing price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory, with data sources from Wind and the Research and Development Department of CCB Futures [10][15][16].