宏源期货品种策略日报-20250715

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core Viewpoints - The price center of ethylene glycol has moderately strengthened, but the support from the fundamentals will gradually weaken as polyester product inventories increase and multiple ethylene glycol plants restart [2]. - The trading of polyester filament remains average, and downstream players mostly continue to hold a wait - and - see attitude [2]. Group 3: Summary by Relevant Catalogs Price Information - On July 14, 2025, the price of crude oil was $584.25 per ton, with a 1.14% increase; the price of the northeast Asian ethylene price index was $821 per ton, with no change; the ex - factory price of ethylene oxide in the East China region was $640 per ton, with no change [1]. - The settlement price of the main contract of a certain commodity was $4331 per ton on July 14, 2025, with a 0.32% increase; the closing price of the nearby contract was $4226 per ton [1]. - The price index of polyester products such as polyester filament, polyester staple fiber, and bottle - grade chips showed different price levels and changes on July 14, 2025 [1]. Device and Production Information - A 380,000 - ton/year EO - EG co - production device in East China has restarted, increasing the supply of ethylene glycol [2]. - The operating rate of the polyester PTA factory was 81.86% on a certain date, and the operating rate of the weaving machines in the Jiangsu and Zhejiang PTA industry was 59.12% [1]. Transaction and Market Information - On July 14, the spot of ethylene glycol had a small - scale upward movement, and the trading of polyester filament was still average [2]. - The downstream players mostly maintained a wait - and - see attitude, and the cost support for ethylene glycol was insufficient [2].