PX PTA MEG 基本面数据，对二甲苯：单边震荡偏强，PTA：单边震荡偏强，MEG：单边震荡偏强

Report Investment Rating - The investment ratings for p-xylene, PTA, and MEG are all "Unilateral Oscillation with an Upward Bias" [1] Core Viewpoints - The trends of p-xylene, PTA, and MEG are all relatively strong. The core risks for p-xylene and PTA are oil price corrections, while the core risk for MEG is changes in the geopolitical situation [5][6][7] Summary by Related Catalogs Futures Market - PX: The previous day's closing price was 10018, with a decline of 162 and a decline rate of 1.59%. The 5 - 9 month spread closed at 496 the previous day, down 82 from the day before [2] - PTA: The previous day's closing price was 6918, with a decline of 64 and a decline rate of 0.92%. The 5 - 9 month spread closed at 248 the previous day, down 44 from the day before [2] - MEG: The previous day's closing price was 4826, with a decline of 71 and a decline rate of 1.45%. The 5 - 9 month spread closed at 67 the previous day, down 15 from the day before [2] - PF: The previous day's closing price was 8278, with a decline of 90 and a decline rate of 1.08%. The 3 - 4 month spread closed at -166 the previous day, up 22 from the day before [2] - SC: The previous day's closing price was 761.2, with a decline of 9.3 and a decline rate of 1.21%. The 2 - 3 month spread closed at -1.9 the previous day, up 0.6 from the day before [2] Spot Market - PX: The previous day's price was $1274.67 per ton, down $20 from the day before. The PX - naphtha price difference was $214.58, down $113.5 from the day before [2] - PTA: The previous day's price was 6775 yuan per ton, down 185 yuan from the day before. The PTA processing fee was 280.7 yuan, up 36.78 yuan from the day before [2] - MEG: The previous day's price was 4740 yuan, down 115 yuan from the day before [2] - Naphtha MOPJ: The previous day's price was $1032 per ton, down $20.5 from the day before. The MOPJ naphtha - Dubai crude oil price difference was -$4.34, unchanged from the day before [2] - Dated Brent: The previous day's price was $103.31 per barrel, down $0.39 from the day before [2] Fundamental Data - PX: The price of PX fell today. The estimated price was $1275 per ton, down $6 from the previous day. The Asian PX operating rate dropped slightly to 83%, with planned maintenance of Japanese and Korean plants and potential export disruptions in the Middle East [3][5] - MEG: From March 16th to March 22nd, the planned arrival quantity at major ports was about 150,000 tons. The domestic ethylene glycol operating rate dropped from 80% to 66%, and the import arrival volume decreased sharply [3][7] - Polyester: The sales of polyester yarn in Jiangsu and Zhejiang continued to be weak, with an average sales rate of less than 20% by 4 pm. The sales of direct - spun polyester staple fiber factories were highly differentiated, with an average sales rate of 44% by 3 pm [3] Strategy Suggestions - PX: Unilateral focus on the 9000 - 12000 range, 5 - 9 month spread positive arbitrage, and long PX short PTA [5] - PTA: Unilateral operation in the 6200 - 8000 range, 5 - 9 month spread positive arbitrage, and long PX short PTA [6] - MEG: Unilateral operation in the 4500 - 6000 range and 5 - 9 month spread positive arbitrage [7]