Group 1: General Information - The report is a MEG daily report dated October 15, 2025 [1][2] Group 2:行情回顾与操作建议 - Futures contract EG2601 closed at 4061 yuan/ton, down 51 yuan, with a position of 337402 contracts, a decrease of 4571 contracts; EG2605 closed at 4149 yuan/ton, down 48 yuan, with a position of 10255 contracts, an increase of 2301 contracts [7] - On the 14th, the main contract of ethylene glycol futures opened at 4111, with a high of 4111, a low of 4042, a settlement price of 4072, and a close of 4061, down 51 yuan from the previous trading day's settlement price. The total volume was 155748 lots, and the position was 337402 lots [7] - Currently, the overall fundamentals of ethylene glycol have few drivers. After the macro - level pressure decreases, it is expected that ethylene glycol may rebound slightly at a low level in the short term [7] Group 3: Industry News - Trade tensions may ease, and there is hope for a cease - fire in the Gaza region, leading to a rebound in international oil prices. However, the prospect of oversupply limits the upward trend. On Monday (October 13), the settlement price of WTI crude oil futures for November 2025 on the New York Mercantile Exchange was $59.49 per barrel, up $0.59 or 1.00% from the previous trading day, with a trading range of $59 - $60.17; the settlement price of Brent crude oil futures for December 2025 on the London Intercontinental Exchange was $63.32 per barrel, up $0.59 or 0.94% from the previous trading day, with a trading range of $62.90 - $63.95 [8] - In the Zhangjiagang ethylene glycol market, the spot negotiation price this week was 4127 - 4129 yuan/ton, down 52 yuan/ton from the previous working day. The negotiation price for late October was 4129 - 4131 yuan/ton, and for late November was 4129 - 4131 yuan/ton. The current spot basis was at a premium of 66 - 68 yuan/ton over EG2601, the basis for late October was at a premium of 68 - 70 yuan/ton over EG2601, and the basis for late November was at a premium of 68 - 70 yuan/ton over EG2601 [8] - The mainstream transaction price in the Zhangjiagang ethylene glycol market was 4120 - 4160 yuan/ton, down 40 yuan/ton from the previous trading day. The trading atmosphere in the Zhangjiagang spot market was relatively cold, and the spot price continued to decline slightly [8] - The negotiation range in the Dongguan ethylene glycol market was 4150 - 4180 yuan/ton, down 45 yuan/ton from the previous trading day. The Dongguan market followed the price trend of the Zhangjiagang market, and the negotiation range decreased slightly [8] Group 4: Data Overview - The report provides multiple data charts, including PTA - MEG spread, MEG price, MEG futures price, spot - futures price difference, international crude oil futures main contract closing price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory, with data sources from Wind and the Research and Development Department of CCB Futures [10][15][16]
建信期货MEG日报-20251015
Jian Xin Qi Huo·2025-10-15 02:13