建信期货PTA日报-20251114

Group 1: General Information - The report is a PTA daily report dated November 14, 2025 [1][2] - The energy and chemical research team includes researchers for different products such as PTA, MEG, urea, etc [4] Group 2: Market Review and Operation Suggestions - On the 13th, the closing price of PTA's main futures contract TA2601 was 4,700 yuan/ton, up 30 yuan/ton (0.64%), with a settlement price of 4,644 yuan/ton and a daily reduction of 5,542 lots. The TA2605 contract closed at 4,754 yuan/ton, up 26 yuan/ton, with a trading volume of 99,774 lots, an increase of 4,801 lots [6] - With weak crude oil prices being bearish and India's BIS cancellation being bullish for the PTA market, the PTA market is expected to consolidate [6] Group 3: Industry News - OPEC reported that oil supply will meet demand in 2026. International oil prices ended a three - day rise and closed lower technically. On November 12, the settlement price of WTI crude oil December 2025 futures was $58.49/barrel, down $2.55/barrel (4.18%); Brent crude oil January 2026 futures settled at $62.71/barrel, down $2.45/barrel (3.76%) [7] - The assessed price of PX in the Chinese market was $824 - 826/ton, down $1/ton; in the South Korean market, it was $804 - 806/ton, down $1/ton. There was one transaction of any December shipment at $823/ton [7] - The PTA price in the East China market was 4,568 yuan/ton, down 23 yuan/ton. The average daily negotiation basis was at a discount of 77 yuan/ton to the futures 2601 contract, up 2 yuan/ton [7] Group 4: Data Overview - The report provides various data charts including PTA futures prices, international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA processing margins, etc [11][13][17]