建信期货PTA日报-20251030

Report Information - Report Name: PTA Daily Report [1] - Date: October 30, 2025 [2] Core View - The PTA market is expected to consolidate as there is a game between the weak reality of sufficient spot supply and the expectation of possible production cuts, while the crude oil market shows weak and volatile trends and awaits PTA meeting news [6] Summary by Section 1. Market Review and Operation Suggestions - On the 29th, the closing price of the PTA main futures contract TA2601 was 4,636 yuan/ton, up 22 yuan/ton (0.48%), with a settlement price of 4,610 yuan/ton and a daily reduction of 14,817 lots. The TA2605 contract closed at 4,688 yuan/ton, up 14 yuan/ton, with a trading volume of 35,038 lots, an increase of 548 lots [6] 2. Industry News - International oil prices have closed lower for three consecutive trading days as investors weigh the impact of US sanctions on two major European oil companies and OPEC+'s possible production increase plan. On Tuesday (October 28), the settlement price of WTI crude oil futures for December 2025 was $60.15 per barrel, down $1.16 (1.89%), and the settlement price of Brent crude oil futures for December 2025 was $64.4 per barrel, down $1.22 (1.86%) [7] - The assessed price of PX in the Chinese market is $817 - 819 per ton, up $4 per ton; the assessed price in the South Korean market is $797 - 799 per ton, up $4 per ton. The domestic PX operating load remains high, and the PTA main suppliers' symposium is about to be held, with participants still confident in the future supply - demand prospects [7] - The PTA price in the East China market is 4,535 yuan/ton, down 2 yuan/ton. The average daily negotiation basis is a discount of 76 yuan/ton compared to futures 2601, up 1 yuan/ton [7] 3. Data Overview - The report provides multiple data charts, including PTA futures prices, international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA processing margins, TA5 - 9 spreads, PTA warehouse receipt numbers, polyester factory load rates, PTA downstream product prices, and PTA downstream product inventories, with data sources from Wind and the Research and Development Department of CCB Futures [11][13][17]