建信期货PTA日报-20250827

Group 1: Report Information - Report Title: PTA Daily Report [1] - Date: August 27, 2025 [2] Group 2: Market Review and Operational Suggestions - TA2601 closed at 4,870 yuan/ton, down 4 yuan/ton (0.08%), with a settlement price of 4,882 yuan/ton and an increase of 24,436 lots in open interest. TA2509 closed at 4,830 yuan/ton, down 14 yuan/ton, with a trading volume of 106,287 lots, a decrease of 22,438 lots [6] - With the crude oil market showing weak oscillations, PTA is in a state of de - stocking but not short of supply. The polyester film equipment downstream has stopped production, and the polyester operating rate has slightly declined. It is estimated that the PTA market will slightly decline [6] Group 3: Industry News - The US is expected to impose more sanctions on a European country, and Ukraine's attacks on the European country's energy infrastructure may disrupt supply. Crude oil futures in Europe and the US have risen for four consecutive trading days. On August 25, the settlement price of WTI crude oil futures for October 2025 was $64.80 per barrel, up $1.14 (1.79%); Brent crude oil futures for October 2025 settled at $68.80 per barrel, up $1.07 (1.58%) [10] - The price of PX in the Chinese market was estimated at $864 - 866 per ton, up $7 per ton; in the South Korean market, it was estimated at $844 - 846 per ton, up $7 per ton. There is still a possibility that some domestic PX plants may shut down, and the new PTA production capacity on the demand side has been realized, enhancing market participants' confidence in the future, but no transactions were reported on the day [10] - The price of PTA in the East China market was 4,877 yuan/ton, up 3 yuan. The average daily negotiation basis was a discount of 6 yuan/ton against the 2601 futures contract, a decrease of 36 yuan [10]