金信期货PTA乙二醇日刊-20251120

Report Overview - Report Name: Jinxin Futures PTA Ethylene Glycol Daily - Report Date: November 20, 2025 - Report Author: Jinxin Futures Research Institute PTA Analysis Market Performance - On November 20, the PTA main futures contract TA2601 declined by 0.25%, with a basis of -67 yuan/ton [2] Fundamental Information - The market price of PTA in East China was 4,633 yuan/ton, down 7 yuan/ton from the previous trading day [3] - The capacity utilization rate of PTA was 71.17%, a decrease of 2.32% from the previous day [3] - The weekly inventory days of PTA factories were 3.97 days, a decrease of 0.12 days compared to the previous week [3] Main Force Trends - Long - position main forces reduced their positions [3] Market Expectation - In the short term, the PTA market is expected to fluctuate following the cost side [3] MEG Analysis Market Performance - On November 20, the ethylene glycol main futures contract eg2601 dropped by 2.05%, and the basis strengthened to 26 yuan/ton [4] Fundamental Information - The market price of ethylene glycol in East China was 3,876 yuan/ton, down 49 yuan/ton from the previous trading day [4] - The production profit of coal - based ethylene glycol remained in a loss situation [4] - The weekly inventory of MEG ports in East China totaled 66.76 tons, an increase of 4.96 tons compared to the previous week [4] Main Force Trends - Short - position main forces increased their positions [4] Market Expectation - In the short term, the price center of ethylene glycol is expected to fluctuate weakly [4]