宏源期货修检

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - The market for ethylene glycol and related products shows complex trends. The supply and demand situation is influenced by factors such as production capacity utilization, inventory levels, and market transactions. The price of ethylene glycol and related products fluctuates, with some products showing small increases or decreases, and the market is in a state of adjustment and change [1][2] 3. Summary by Related Catalogs Price Information - Spot Prices: On November 7, 2025, the spot price of East China ethylene oxide was 6,000 yuan/ton, unchanged from the previous day; the spot price of methanol was 2,095 yuan/ton, unchanged; the price of Inner Mongolia brown coal (Q3500) was 290 yuan/ton, unchanged; the closing price of the main contract of GCEED was 3,942 yuan/ton, up 0.46%; the closing price of the nearby contract of GCEED was 3,848 yuan/ton, down 0.08%; the settlement price of the nearby contract of GCEED was 3,848 yuan/ton, unchanged; the price of East China diethylene glycol was 0 yuan/ton, down 100 yuan from the previous day; the CFEI diethylene glycol index was 4,010 yuan/ton, up 0.25% [1] - Futures Prices: The price difference between the far - and near - month contracts of GCEED on November 7, 2025, was - 96 yuan/ton, compared with - 54 yuan/ton previously; the basis was 68 yuan/ton, down 8 yuan from the previous day [1] - Product Index Prices: On November 7, 2025, the CFEI polyester fiber index was 8,525 yuan/ton, up 0.29%; the CFEI polyester staple fiber index was 6,330 yuan/ton, up 0.08%; the CFEI bottle - grade chip index was 5,740 yuan/ton, up 0.17% [1] Production and Operation Conditions - Production Capacity Utilization: On November 7, 2025, the load rate of polyester plant in the coal - based ethylene glycol industrial chain was 59.57%, unchanged; the load rate of textile machinery in Zhejiang in the PTA industrial chain was 72.28%, unchanged [1] - Profit Situation: On November 7, 2025, the after - tax gross profit of the coal - based synthesis gas device was - 144.25 yuan/ton, an increase of 19.91 yuan compared with the previous day [1] Market Analysis - The market supply is relatively abundant, and the supply - demand relationship is in a state of adjustment. The trading volume and price of ethylene glycol and related products are affected by various factors such as market expectations, production costs, and downstream demand. The market presents a trend of narrow - range fluctuations, and investors need to pay attention to market information and price changes [2]