建信期货PTA日报-20250807

1. Report Information - Report Title: PTA Daily Report [1] - Date: August 7, 2025 [2] - Research Team: Energy and Chemical Research Team [4] 2. Market Review and Operation Suggestions - Futures Market Quotes: On the 6th, the closing price of the PTA main futures contract TA2509 was 4,724 yuan/ton, up 46 yuan/ton (0.98%), with a settlement price of 4,702 yuan/ton and a daily reduction of 47,883 lots. The closing price of TA2601 was 4,754 yuan/ton, up 40 yuan/ton, with a trading volume of 275,150 lots, an increase of 47,001 lots [6]. - Market Outlook: Although the spot supply of PTA is sufficient, the crude oil market rebounded during the session, and there may be unplanned PTA plant maintenance under low processing fees. It is expected that the PTA market will rise slightly [6]. 3. Industry News - Crude Oil: The market focused on the production - cut plan of OPEC and its allies and downplayed the threat of US sanctions on oil buyers from a certain European country. European and American crude oil futures fell for four consecutive trading days. On August 5th, the settlement price of WTI crude oil futures for September 2025 on the New York Mercantile Exchange was $65.16 per barrel, down $1.13 (1.70%); the settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $67.64 per barrel, down $1.12 (1.63%) [7]. - PX Market: The price of the PX market in China was estimated at $843 - 845 per ton, up $5 per ton from the previous trading day; the price in the South Korean market was estimated at $823 - 825 per ton, also up $5 per ton. The cost - side oil price continued to run strongly. The domestic PX supply level was low, the demand side was performing well, and the buying enthusiasm in the market recovered. Two transactions were heard during the day, with any September cargoes traded at $848 and $849 per ton respectively [7]. - PTA Market in East China: The price of PTA in the East China market was 4,682 yuan/ton, up 18 yuan/ton. The average daily negotiation basis was at a discount of 20 yuan/ton to the futures contract 2509, down 6 yuan/ton [7]. 4. Data Overview - The report includes multiple data charts, such as international crude oil futures main contract closing prices, upstream raw material spot prices, PX prices, MEG prices, PTA price summaries, basis between futures and spot prices, PTA processing margins, TA5 - 9 spreads, PTA warehouse receipt quantities, polyester factory load rates, PTA downstream product prices, and PTA downstream product inventories. All data sources are from Wind and the Research and Development Department of CCB Futures [11][13][17]