建信期货PTA日报-20250813

Report Summary 1. Report Information - Report Name: PTA Daily Report - Date: August 13, 2025 - Research Team: Energy and Chemical Research Team of Jianxin Futures [4] 2. Investment Rating - No investment rating information is provided in the report. 3. Core View - Crude oil is in a narrow - range oscillation. Under low processing fees, PTA still has the expectation of unplanned device overhauls. Downstream rigid demand is stable, and the tariff extension is beneficial to market sentiment. It is expected that PTA will rise slightly [6]. 4. Summary by Section 4.1 Market Review and Operation Suggestions - Futures Market Quotes: TA2509 closed at 4,726 yuan/ton, up 18 yuan/ton, with a total volume of 365,385 and a decrease of 53,690; TA2601 closed at 4,760 yuan/ton, up 28 yuan/ton, with a total volume of 258,839 and an increase of 24,369. On the 12th, the closing price of PTA's main futures TA2505 was 5,048 yuan/ton, down 26 yuan/ton, a decline of 0.51%, the settlement price was 5,050 yuan/ton, and the daily position increased by 2,383 lots [6]. 4.2 Industry News - International Oil Prices: On Monday (August 11), the settlement price of West Texas Light Crude Oil futures for September 2025 on the New York Mercantile Exchange was $63.96 per barrel, up $0.08 or 0.13% from the previous trading day. The settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $66.63 per barrel, up $0.04 or 0.06% from the previous trading day [7]. - PX Market: The price of the PX Chinese market was estimated at $835 - 837 per ton, up $2 per ton from the previous trading day; the price of the PX South Korean market was estimated at $815 - 817 per ton, up $2 per ton from the previous trading day. There was a single transaction of any October shipment at $834 per ton [7]. - PTA Market: The price of the East China PTA market was 4,705 yuan/ton, up 7 yuan/ton. The average daily negotiation basis was based on the futures 2509 at a discount of 13 yuan/ton, down 2 yuan/ton [7]. 4.3 Data Overview - The report provides multiple data charts, including international crude oil futures main contract closing prices, upstream raw material spot prices, PX prices, MEG prices, PTA futures price summaries, spot - futures price differences, 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 Jianxin Futures [11][13][17]