建信期货PTA日报-20250818

Group 1: Report Information - Report Name: PTA Daily Report [1] - Date: August 18, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Market Review and Operation Suggestions - Futures Market: TA2509 closed at 4,676 yuan/ton, up 12 yuan/ton, with a trading volume of 232,162 and a decrease of 73,887; TA2601 closed at 4,710 yuan/ton, up 28 yuan/ton, with a trading volume of 664,171 and a decrease of 21,993. The PTA main futures TA2601 closed at 4,716 yuan/ton on the 15th, up 28 yuan/ton, or 0.60%, with a settlement price of 4,708 yuan/ton and a daily position reduction of 21,993 lots [6] - Market Outlook: The intraday crude oil market fluctuated and declined, which was negative for the PTA market sentiment. The PTA supply was sufficient, and the downstream polyester sales were dull. It was estimated that the PTA market would decline slightly [6] Group 3: Industry News - Crude Oil: After Trump warned that the failure of negotiations with Putin on the Ukraine issue would bring "serious consequences," Brent crude oil futures rose to a one - week high. On Thursday (August 14), the settlement price of West Texas Intermediate crude oil futures for September 2025 on the New York Mercantile Exchange was $63.96 per barrel, up $1.31, or 2.09%, with a trading range of $62.58 - $64.10; the settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $66.84 per barrel, up $1.21, or 1.84%, with a trading range of $65.55 - $66.99 [7] - PX: The price of PX in the Chinese market was estimated at $827 - $829 per ton, up $4 per ton from the previous trading day; the price of PX in the South Korean market was estimated at $807 - $809 per ton, up $4 per ton from the previous trading day. The domestic PX was still in a tight - balance pattern, and the trading atmosphere was cautious as the port - arrival period approached. There was no transaction reported during the day [7] - PTA: The price of PTA in the East China market was 4,659 yuan/ton, up 5 yuan/ton. The average daily negotiation basis was based on the futures 2509 at a discount of 13 yuan/ton, up 1 yuan/ton [7] Group 4: Data Overview - Charts: The report includes charts such as PTA futures price summary, spot - futures price difference, international crude oil futures main contract closing price, upstream raw material spot price, PX price, MEG price, PTA processing margin, TA5 - 9 spread, PTA warehouse receipt quantity, polyester factory load rate, PTA downstream product price, and PTA downstream product inventory [11][13][17]