建信期货MEG日报-20250815

1. Report Information - Report Name: MEG Daily Report [1] - Date: August 15, 2025 [2] - Research Team: Energy and Chemical Research Team [4] 2. Market Review and Operation Suggestions - Futures Market: On the 14th, the closing price of EG2509 was 4367 yuan/ton, down 51 yuan, with a trading volume of 146013 lots and an open interest of 159287 lots. The closing price of EG2601 was 4414 yuan/ton, down 52 yuan, with an open interest of 82684 lots, an increase of 8463 lots. The current fundamentals of ethylene glycol have few substantial changes, and the macro - market sentiment is volatile. The market is expected to maintain a volatile consolidation trend [7] 3. Industry News - Oil Price: The International Energy Agency raised the supply forecast for this year and next and lowered the demand growth forecast. After data showed an unexpected increase in US crude oil inventories last week, international oil prices fell for the second consecutive day. On August 13, the settlement price of WTI crude oil futures for September 2025 was $62.65 per barrel, down $0.52 or 0.82% from the previous trading day. The settlement price of Brent crude oil futures for October 2025 was $65.63 per barrel, down $0.49 or 0.74% from the previous trading day [8] - Ethylene Glycol Market: In Zhangjiagang, the spot negotiation price of ethylene glycol this week was 4447 - 4449 yuan/ton, down 44.5 yuan/ton from the previous working day. The basis of this week's spot, next - week's spot, and late - August spot relative to EG2509 were at a premium of 80 - 82 yuan/ton, 82 - 84 yuan/ton, and 82 - 84 yuan/ton respectively [8] - Polyester Staple Fiber: The price of the main polyester staple fiber futures fell, the prices of staple fiber factories were weak, and the prices of traders declined. Downstream buyers replenished at low prices, and the on - site transactions were mainly from traders, with limited factory shipments [8] 4. Data Overview - The report includes multiple data charts such as MEG futures prices, spot - futures price differences, international crude oil futures prices, raw material price indices, PTA - MEG price differences, MEG downstream product prices, and MEG downstream product inventories, with data sources from Wind and the Research and Development Department of CCB Futures [10][15][16]