建信期货MEG日报-20250818

Group 1: Report General Information - Report Name: MEG Daily Report [1] - Date: August 18, 2025 [2] - Research Team: Energy and Chemical Research Team of Jianxin Futures [4] Group 2: Market Review and Operation Suggestions - Futures Market: EG2509 closed at 4369 yuan/ton, down 18 yuan; EG2601 closed at 4412 yuan/ton, down 24 yuan. The trading volume of EG2509 was 71,884 lots, and the open interest was 148,452 lots, a decrease of 10,835 lots. The open interest of EG2601 was 60,953 lots, an increase of 11,568 lots [7] - Market Outlook: The supply - demand structure of ethylene glycol and its downstream polyester devices has not changed substantially, but the macro - market still has certain expectations for policy. It is expected that ethylene glycol may maintain a relatively strong oscillating trend [7] Group 3: Industry News - Crude Oil: After Trump warned of "serious consequences" if negotiations with Putin on the Ukraine issue failed, Brent crude futures rose to a one - week high. On August 14, the settlement price of WTI crude oil futures for September 2025 was $63.96 per barrel, up $1.31 or 2.09%. The settlement price of Brent crude oil futures for October 2025 was $66.84 per barrel, up $1.21 or 1.84% [8] - Ethylene Glycol Market: In Zhangjiagang, the spot negotiation price of ethylene glycol this week was 4456 - 4457 yuan/ton, down 6 yuan/ton from the previous working day. The mainstream transaction price was 4450 - 4465 yuan/ton, down 5 yuan/ton. In Dongguan, the negotiation range was 4350 - 4400 yuan/ton, unchanged from the previous trading day. The ethylene glycol market was weak and the trading volume was average [8] Group 4: Data Overview - Data Charts: Include charts of MEG futures price, spot - futures price difference, international crude oil futures main contract closing price, raw material price index (ethylene), PTA - MEG price difference, MEG price, MEG downstream product price, and MEG downstream product inventory [10][15][16][18] - Data Source: Wind, Research and Development Department of Jianxin Futures [7][11][12]