建信期货MEG日报-20250806

Report Information - Report Name: MEG Daily Report [1] - Date: August 06, 2025 [2] - Research Team: Energy and Chemical Research Team of Jianxin Futures [4] Industry Investment Rating - Not provided Core View - The current supply - demand structure of ethylene glycol is weak overall, and with the weakening of macro - positive support, the price of ethylene glycol is expected to continue its weak trend in the short term [7] Summary by Directory 1. Market Review and Operation Suggestions - Futures Market: The closing price of EG2509 was 4399 yuan/ton, up 24 yuan; the closing price of EG2601 was 4426 yuan/ton, up 16 yuan. The trading volume of the main contract EG2509 was 104,974 lots, and the open interest was 224,036 lots, a decrease of 8500 lots. The open interest of EG2601 was 45,563 lots, an increase of 5251 lots [7] 2. Industry News - Oil Price: OPEC and its eight - nation production - limiting alliance agreed to further increase production significantly in September. International oil prices fell for the third consecutive day. On August 4, the settlement price of WTI crude oil futures for September 2025 was $66.29 per barrel, down $1.04 or 1.54%; the settlement price of Brent crude oil futures for October 2025 was $68.76 per barrel, down $0.91 or 1.31% [8] - Ethylene Glycol Market: In the Zhangjiagang ethylene glycol market, the spot negotiation price this week was 4475 - 4477 yuan/ton, up 18.5 yuan/ton from the previous working day. The basis of this week's spot was at a premium of 76 - 78 yuan/ton compared to EG2509 [8] - Industry Start - up: PX and ethylene glycol started stably. Affected by the full - load operation of the Ningbo PTA plant, the PTA start - up rate increased by 1.23 percentage points. Affected by the restart of the polyester staple fiber plant, the polyester start - up rate increased by 0.94 percentage points [8] 3. Data Overview - The report provides multiple data charts, including PTA - MEG price difference, MEG price, MEG futures price, spot - futures price difference, international crude oil futures main contract closing price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory, etc. The data sources are Wind and Jianxin Futures Research and Development Department [10][15][16]