建信期货MEG日报-20250808

Report Information - Industry: MEG [1] - Date: August 8, 2025 [2] Investment Rating - No investment rating provided in the report Core View - Due to the continuous decline in short - term crude oil prices and the lack of substantial improvement in the supply - demand structure of ethylene glycol, it is expected that ethylene glycol will maintain a weak and volatile trend in the short term [7] Summary by Directory 1. Market Review and Operation Suggestions - Futures market: For the EG2509 contract, the closing price was 4396 yuan/ton, down 15 yuan, with a position of 216801 contracts, down 1201 contracts; for the EG2601 contract, the closing price was 4430 yuan/ton, down 4 yuan, with a position of 59348 contracts, up 5104 contracts. On the 7th, the opening price of the ethylene glycol futures main contract 2509 was 4430, the highest was 4441, the lowest was 4385, the settlement was 4412, and the trading volume was 116892 lots [7] 2. Industry News - Oil prices: International oil prices fell for the fifth consecutive trading day. On August 6th, the settlement price of WTI crude oil futures for September 2025 was $64.35 per barrel, down $0.81 or 1.24%; the settlement price of Brent crude oil futures for October 2025 was $66.89 per barrel, down $0.75 or 1.11% [8] - Ethylene glycol market: The mainstream transaction price in Zhangjiagang was 4460 - 4505 yuan/ton, down 12.5 yuan/ton; the negotiation range in Dongguan was 4400 - 4420 yuan/ton, unchanged from the previous trading day; the negotiation range in Fujian was 4400 - 4420 yuan/ton, unchanged from the previous trading day [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 [10][15][16]