建信期货MEG日报-20251107

Group 1: Report Overview - Report date: November 7, 2025 [2] - Report type: MEG Daily Report [1] Group 2: Investment Rating - Not provided Group 3: Core View - Currently, the supply - demand outlook for ethylene glycol remains weak, but with macro - level stimulus, the ethylene glycol market price is expected to be mainly on the strong side [7] Group 4: Market Review and Operation Suggestions - Futures market: The closing price of EG2601 was 3924 yuan/ton, up 22 yuan; the closing price of EG2605 was 4004 yuan/ton, up 12 yuan. The trading volume was 189,773 lots, and the open interest was 355,469 lots. The opening price of the main ethylene glycol futures contract on the 6th was 3910 yuan/ton, the highest was 3929 yuan/ton, the lowest was 3865 yuan/ton, and the settlement price was 3902 yuan/ton [7] Group 5: Industry News - Oil price: US crude oil inventories unexpectedly increased significantly, and international oil prices continued to fall. However, gasoline inventories dropped to the lowest level in three years, limiting the decline. On November 5th, the settlement price of WTI crude oil futures for December 2025 was $59.6 per barrel, down $0.96 or 1.59%; the settlement price of Brent crude oil futures for January 2026 was $63.52 per barrel, down $0.92 or 1.43% [8] - Ethylene glycol market: The spot negotiation price in the Zhangjiagang ethylene glycol market this week was 3998 - 3999 yuan/ton, up 23.5 yuan/ton from the previous working day. As of November 6th, the inventory of the main ports in East China was 529,200 tons, an increase of 84,700 tons from the previous period [8] Group 6: Data Overview - Multiple data charts are presented, including PTA - MEG price difference, MEG price, MEG futures price, futures - spot price difference, international crude oil futures main contract closing price, raw material price index (ethylene), MEG downstream product price, and MEG downstream product inventory [10][15][16][18]