建信期货MEG日报-20250811

1. Report Information - Report Date: August 11, 2025 [2] - Report Type: MEG Daily Report [1] 2. Research Team - Energy and Chemical Research Team: Composed of researchers including Li Jie, Ren Junchi, Peng Haozhou, Peng Jinglin, Liu Youran, and Feng Zeren [4] 3. Key Points from Each Section 3.1 Market Review and Operational Suggestions - Futures Market: On August 8, the closing price of the main contract EG2509 of ethylene glycol futures was 4384 yuan/ton, down 28 yuan; the closing price of EG2601 was 4422 yuan/ton, down 14 yuan. The trading volume of EG2509 was 80665 lots, and the open interest was 205326 lots, a decrease of 11475 lots. The open interest of EG2601 was 35818 lots, an increase of 2333 lots [7] - Market Outlook: Due to low support from the cost and supply - demand side of ethylene glycol in the short term and policy uncertainties at the macro - level, market participants are cautious. It is expected that the ethylene glycol price may maintain a weak trend [7] 3.2 Industry News - Crude Oil: On Thursday (August 7), the settlement price of WTI crude oil futures for September 2025 on the New York Mercantile Exchange was $63.88 per barrel, down $0.47 or 0.73%. The settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $66.43 per barrel, down $0.46 or 0.69% [8] - Ethylene Glycol Market: The mainstream transaction price of ethylene glycol in the Zhangjiagang market was 4450 - 4465 yuan/ton, down 25 yuan/ton from the previous trading day. The negotiation range in the Dongguan market was 4350 - 4380 yuan/ton, down 45 yuan/ton. The negotiation range in the Fujian market was also 4350 - 4380 yuan/ton, down 45 yuan/ton [8]