对二甲苯：单边趋势偏弱，PTA：偏弱，基差反套，月差正套

1. Report Industry Investment Ratings - The report does not explicitly provide an overall industry investment rating. However, it gives trend intensities for various commodities, which can be used as a reference for investment sentiment. For example, -1 indicates a weak or bearish trend, 0 indicates a neutral trend, and 1 indicates a bullish trend [10][15][18] 2. Core Views of the Report - The report provides daily and short - to - medium - term outlooks for multiple energy and chemical commodities. Many commodities are expected to face downward pressure in the short term due to factors such as the weakening of anti - involution sentiment, large - scale selling of speculative funds, and changes in supply - demand fundamentals. Some commodities may enter a mid - term oscillatory pattern due to the ongoing anti - involution policy and supply - side optimization [11][20][57] 3. Summary by Commodity PX, PTA, MEG - PX: Unilateral trend is weakening. Suggest selling at high prices for hedging, going long on PX and short on PTA01 contracts, and shorting PXN at high levels. Future Asian PX supply is expected to gradually increase [11] - PTA: Unilateral trend turns weak. Industries can sell at high prices for hedging. Pay attention to going long on PX and short on PTA01 contracts. The spot supply pressure continues to increase, and the basis is suitable for reverse arbitrage. Consider the 9 - 1 spread for positive arbitrage [11] - MEG: Short - term bearish. Pay attention to the supply pressure from non - mainstream warehouse receipts and the delivery pressure on the 09 contract. Consider shorting ethylene glycol and going long on L for arbitrage. The supply is relatively loose in the short term [12] Rubber - The rubber market is expected to be weak and oscillatory. The price is supported at the bottom due to high raw material prices caused by weather, but the downstream demand is difficult to improve, and the inventory in Qingdao port is slightly increasing [14][17] Synthetic Rubber - The synthetic rubber market is under oscillatory pressure. In the short term, it is expected to correct from a high level, and in the medium term, it will enter an oscillatory pattern. Factors include the exit of speculative funds, the strengthening of the basis, and the support from the anti - involution policy and the improvement of the industrial chain fundamentals [18][20] Asphalt - The asphalt market shows a pattern of strong crude oil and weak cracking spread. The overall trend is neutral. The domestic asphalt production has decreased slightly, and both factory and social inventories have decreased [21][35] LLDPE - The LLDPE market is expected to oscillate weakly. The anti - involution policy has little impact on the industry. The supply pressure will gradually increase in the third quarter, and the demand support is weak [36][37] PP - The PP market has seen a decline in spot prices and light trading. The trend is bearish. The futures market has affected the spot market sentiment, and the downstream purchasing confidence is insufficient [40][41] Caustic Soda - The caustic soda market should focus on the delivery pressure. The short - term trend is under pressure, but there is still hope for demand in the peak season. It is currently in the off - season, with weak price - increasing power but strong cost support [43][45] Pulp - The pulp market is expected to be weak and oscillatory. The futures price has declined, and the spot market is stable but with poor trading. The supply is abundant, and the demand is weak [48][50] Glass - The glass market shows stable prices for the original sheets. The short - term trend is bearish. The spot price has increased, and the market trading atmosphere is active, but the futures price has declined significantly [52][53] Methanol - The methanol market is under short - term oscillatory pressure. In the short term, it is expected to correct from a high level, and in the medium term, it will enter an oscillatory pattern. The anti - involution policy and supply - side factors support the market [55][57] Urea - The urea market is in short - term weak operation. In the short term, it is expected to correct from a high level, and in the medium term, it will enter an oscillatory pattern. The anti - involution policy and potential second - batch exports may support the market [59][61] Styrene - The styrene market is focused on compressing profits. It is currently in a high - production, high - profit, and high - inventory pattern, and is mainly a short - position allocation. The port inventory is accelerating the accumulation [62][63] Soda Ash - The soda ash market shows little change in the spot market. The short - term trend is bearish. The spot price has increased slightly, and the supply has decreased, but the demand is average [64] PVC - The PVC market is short - term weak. The anti - involution policy has little impact on the industry. The high - production and high - inventory structure is difficult to change, and the market may continue to short the chlor - alkali profit [66] Fuel Oil and Low - Sulfur Fuel Oil - Fuel Oil: The night - session price rebounded slightly, and the short - term trend may turn strong [70] - Low - Sulfur Fuel Oil: The short - term price is rising, and the high - low sulfur spread in the overseas spot market is temporarily stable [70] Container Freight Index (European Line) - Hold short positions on the October contract and 10 - 12 spread reverse arbitrage. The index is oscillating weakly, and the price changes are affected by factors such as shipping company price adjustments and ship - schedule delays [72][77]