建信期货PTA日报-20250812

Report Information - Report Name: PTA Daily Report [1] - Date: August 12, 2025 [2] Market Review and Operation Suggestions - Futures Market: On the 11th, the closing price of the PTA main futures contract TA2509 was 4,706 yuan/ton, up 18 yuan/ton or 0.38%, with a settlement price of 4,708 yuan/ton and a daily reduction of 19,038 lots. The TA2601 contract closed at 4,732 yuan/ton, up 16 yuan/ton, with a trading volume of 253,884 lots, an increase of 21,317 lots [6]. - Analysis: Despite a slight decline in crude oil prices, the PTA market has maintenance expectations, and low processing fees support the spot market. Mixed long - and short - term news has led to a consolidating market [6]. Industry News - Crude Oil: European and American crude oil futures ended a six - day decline. Brent crude futures closed slightly higher, while WTI crude futures closed flat but had a significant weekly net decline. The September 2025 WTI crude futures settled at $63.88 per barrel, and the October 2025 Brent crude futures settled at $66.59 per barrel, up $0.16 or 0.24% [7]. - PX Market: The assessed price of the PX market in China was $833 - 835/ton, up $2/ton from the previous day; in South Korea, it was $813 - 815/ton, also up $2/ton [7]. - PTA Market: A PX and PTA plant in Shandong is restarting. The PTA price in the East China market was 4,698 yuan/ton, up 27 yuan/ton. The average daily negotiation basis was at a discount of 11 yuan/ton to the 2509 futures contract, up 6 yuan/ton [7]. Data Overview - The report includes data on international crude oil futures closing prices, upstream raw material spot prices, PX prices, MEG prices, PTA futures prices, basis, PTA processing margins, TA5 - 9 spreads, PTA warehouse receipts, polyester factory load rates, PTA downstream product prices, and PTA downstream product inventories [11][13][17]