建信期货PTA日报-20251015

Report Information - Report Name: PTA Daily Report [1] - Date: October 15, 2025 [2] Industry Investment Rating - Not provided in the report Core Viewpoints - On the 14th, the closing price of the PTA main futures TA2601 was 4,440 yuan/ton, down 72 yuan/ton or 1.60%. With crude oil fluctuating downward, cost support weakening, potential new PTA production capacity coming online, sufficient spot supply, and lack of market confidence, the PTA market is expected to decline slightly [6]. Summary by Directory 1. Market Review and Operation Suggestions - The closing price of the PTA main futures TA2601 on the 14th was 4,440 yuan/ton, down 72 yuan/ton, with a trading volume of 688,138 and an increase of 51,399. The TA2605 contract closed at 4,498 yuan/ton, down 62 yuan/ton, with a trading volume of 45,381 and an increase of 14,486 [6]. 2. Industry News - Trade tensions may ease, and there is hope for a cease - fire in the Gaza region, causing international oil prices to rebound. However, the prospect of oversupply limits the rise. On Monday (October 13), the settlement price of WTI crude oil futures for November 2025 was $59.49 per barrel, up $0.59 or 1.00%. The settlement price of Brent crude oil futures for December 2025 was $63.32 per barrel, up $0.59 or 0.94% [7]. - The evaluated price of PX in the Chinese market was $777 - 779 per ton, down $13 per ton. In the South Korean market, it was $757 - 759 per ton, down $13 per ton. There were three transactions during the day [7]. - The PTA price in the East China market was 4,998 yuan/ton, down 12 yuan/ton. The average daily negotiation basis was a discount of 52 yuan/ton compared to futures 2505, up 12 yuan/ton [7]. 3. Data Overview - The report provides multiple data charts, including PTA futures price summary, spot - futures price difference, international crude oil futures 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][21][25][26]