宏源期货日刊-20251021

Report Summary 1. Industry Investment Rating No information provided. 2. Core View No information provided. 3. Summary by Relevant Catalog - Price Information: - Naphtha CFR Japan on 2025/10/17, ethylene Northeast Asia on 2025/10/17, upstream ethane in East China on 2025/10/20, MA on 2025/10/20, lignite 3500 in Inner Mongolia on 2025/10/20 are presented [1]. - For ethylene glycol (MEG) in East China on 2025/10/20, various prices are given, including middle price at $537.00 per ton (down 1.56% from previous value), index price at $781.00 per ton (down 0.64%), etc [1]. - Polyester factory load rate in the PT industry chain on 2025/10/20 is 89.38% (unchanged), and Jiangsu - Zhejiang loom load rate in the PT industry chain on 2025/10/20 is 69.13% (unchanged) [1]. - For oil - made ethylene glycol on 2025/10/17, the ex - disk value is -$99.97 per ton (up $8.72 from previous value) [1]. - After - tax gross profit of MT - made MEG on 2025/10/20 is 1683.40 yuan per ton (down 9.83 yuan from previous value) [1]. - For polyester products on 2025/10/20, DTY price index is 8400.00 yuan per ton (unchanged), POY price index is 6750.00 yuan per ton (unchanged), short - fiber price index is 6280.00 yuan per ton (down 0.08% from previous value), and bottle - grade chip price index is 5630.00 yuan per ton (down 0.27% from previous value) [1]. - Production and Operation Information: - The overall comprehensive operating rate of ethylene glycol on 2025/10/20 is 65.39% (down 1.11% from previous value), oil - made ethylene glycol operating rate is 68.09% (down 1.85% from previous value), and coal - made ethylene glycol operating rate is 61.32% (unchanged) [1].