建信期货PTA日报-20250828

Report Information - Report Name: PTA Daily Report [1] - Date: August 28, 2025 [2] - Research Team: Energy and Chemical Research Team [4] 1. Market Review and Operation Suggestions - Futures Market Data: TA2509 closed at 4,824 yuan/ton, down 58 yuan, with a trading volume of 685,933 and a decrease of 40,169. TA2601 closed at 4,784 yuan/ton, down 60 yuan, with a trading volume of 59,096 and a decrease of 22,690 [6]. - Market Analysis and Forecast: On the 27th, the main PTA futures contract TA2601 closed at 4,824 yuan/ton, down 58 yuan or 1.19%. The settlement price was 4,854 yuan/ton, and the daily position decreased by 40,169 lots. With weak crude oil prices, dull polyester sales, and sufficient PTA spot supply, the spot basis is gradually weakening. It is expected that the PTA market will decline slightly [6]. 2. Industry News - International Oil Prices: International oil prices ended a four - day rally and closed lower. On August 26, the settlement price of WTI crude oil futures for October 2025 on the New York Mercantile Exchange was $63.25 per barrel, down $1.55 or 2.39%. The settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $67.22 per barrel, down $1.58 or 2.30% [10]. - PX Market: The price of PX in the Chinese market was estimated at $853 - 855 per ton, down $11 per ton. In the South Korean market, it was estimated at $833 - 835 per ton, down $11 per ton. There were two transactions reported, with any October cargo at $855.5 per ton and any November cargo at $851.5 per ton [10]. - PTA Market in East China: The PTA price in the East China market was 4,841 yuan/ton, down 36 yuan. The average daily negotiation basis was at a discount of 16 yuan/ton to the futures 2601 contract, down 10 yuan [10].