建信期货MEG日报-20250915

Group 1: Report Information - Industry: MEG [1] - Date: September 15, 2025 [2] Group 2: Research Team - Energy and Chemical Research Team: Li Jie (Crude Oil and Fuel Oil), Ren Junchi (PTA, MEG), Peng Haozhou (Urea, Industrial Silicon), Peng Jinglin (Polyolefins), Liu Youran (Pulp), Feng Zeren (Glass and Soda Ash) [4] Group 3: Market Review and Operation Suggestions - Futures Market: EG2601 closed at 4,272 yuan/ton, down 34 yuan; EG2605 closed at 4,319 yuan/ton, down 29 yuan. The trading volume of the main contract was 134,697 lots, and the open interest was 317,317 lots [7] - Market Outlook: The current supply-demand structure and cost side of ethylene glycol are weak, but the low port inventory still supports the spot price. It is expected to continue to fluctuate at a low level in the short term [7] Group 4: Industry News - International Oil Prices: On September 11, the settlement price of WTI crude oil futures for October 2025 was $62.37 per barrel, down $1.30 or 2.04%; the settlement price of Brent crude oil futures for November 2025 was $66.37 per barrel, down $1.12 or 1.66% [8] - Ethylene Glycol Market: The spot negotiation price in Zhangjiagang was 4,369 - 4,377 yuan/ton, down 32 yuan/ton from the previous trading day. The mainstream transaction price was 4,375 - 4,390 yuan/ton, down 25 yuan/ton [8] Group 5: Data Overview - Charts: Include PTA-MEG price difference, MEG price, MEG futures price, spot-futures price difference, international crude oil futures price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory [10][15][16][18]