欢迎进入链接网页右侧下载本周财经数据与事件精美周历壁纸：今日将公布中国5月CPI、5月贸易帐； 中美经贸磋商机制首次会议将举行。 相关链接 ...

外交部发言人宣布： 何立峰将访问英国并举行中美经贸磋商机制首次会议 应英国政府邀请，中共中央政治局委员、国务院副总理何立峰将于6月8日至13日访问英国。其间，将与 美方举行中美经贸磋商机制首次会议。 来源：外交部网站 责编： 刘珺宇 校对： 王蔚 百万用户都在看 突发！俄罗斯，发动大规模袭击 大转向！外资，爆买！ 50%关税！刚刚，特朗普宣布！ 全面暂停！特朗普，签了！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com ...

Group 1 - The recent China-US economic talks in Switzerland have yielded substantial progress, with both sides reaching important consensus [3][6][21] - China emphasized the mutual benefits of the economic relationship and insisted on the removal of all unilateral tariffs imposed by the US, which disrupt global supply chains [8][10] - The establishment of a trade negotiation mechanism is expected to positively impact the global economy by stabilizing supply chains and reducing trade uncertainties [12][14] Group 2 - The visit of Brazilian President Lula to China marks his sixth visit, aiming to enhance bilateral relations and cooperation in multiple fields [31][35] - Lula's visit coincides with the fourth ministerial meeting of the China-Latin America Forum, indicating a significant step in strengthening China-Brazil ties [33][37] - The proposed construction of the "Two Oceans Railway" will connect the Pacific and Atlantic Oceans, significantly improving trade efficiency and security for China and Brazil [39][41]

Core Viewpoint - The ongoing economic and trade discussions between China and the U.S. since the Geneva talks have maintained communication on mutual concerns in the economic and trade sectors, highlighting China's willingness to negotiate on non-principled issues while firmly opposing unilateral tariffs and threats from the U.S. [1] Group 1 - China demonstrates "sincerity" in negotiations by respecting U.S. concerns on non-principled issues and seeking win-win outcomes through flexible technical discussions [1] - The term "principle" encompasses two main aspects: China's readiness to implement countermeasures against U.S. unilateral tariffs and its strong opposition to U.S. coercive tactics during negotiations [1]

热点资讯 1. 商务部新闻发言人何咏前就"近期中美双方经贸团队是否又进行了磋商"的相关问题回应表示，近期中方围绕美方在半导 体领域滥用出口管制措施等做法，多次与美方进行交涉。中方再次敦促美方立即纠正错误做法，停止对华歧视性限制措施，共 同维护日内瓦高层会谈共识。中方敦促美方正视国际社会和国内各方理性声音，彻底取消单边加征关税的错误做法。 2. 外交部发言人毛宁表示，在关税问题上，中方已经多次阐明了立场，关税战、贸易战没有赢家，搞保护主义损害各方的利 益，终究不得人心。 3. 中共中央办公厅、国务院办公厅发布关于健全资源环境要素市场化配置体系的意见。其中提到，到2027年，碳排放权、用 水权交易制度基本完善，价格形成机制更加健全。稳步扩大全国碳排放权交易市场行业覆盖范围，扩展交易主体，丰富交易品 种、交易方式。 4. 周四，美国总统特朗普在其第二任期内首次会见了美联储主席鲍威尔。特朗普批评鲍威尔未能降低借贷成本。鲍威尔则坚 称，任何决定都不会基于总统的要求。 早盘速递 2025/5/30 第 1 页，共 3 页 板块持仓 (150,000) (100,000) (50,000) 0 50,000 100,000 ...

5月29日，商务部新闻发言人何咏前就"近期中美双方经贸团队是否又进行了磋商"的相关问题回应表示， 中美日内瓦经贸会谈以来，双方利用多双边场合，在多个层级就经贸领域各自关切保持沟通。近期中方围 绕美方在半导体领域滥用出口管制措施等做法，多次与美方进行交涉。中方再次敦促美方立即纠正错误做 法，停止对华歧视性限制措施，共同维护日内瓦高层会谈共识。 来源：商务部 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 两大板块，涨停潮！ 丨 关税突发！A股高开，A50狂拉！ 丨 突发！特朗普全球关税被裁定越 权！美股期指拉升 丨 深夜，暴涨超200%！ 丨 官方通报！"英之园"已被拆除！违建豪宅估价过亿 丨 退市！又一A股公司摘牌，涉近3万股东 丨 比亚迪，突然刷屏！发生了什么？ 丨 沙特等4国，免 签！ 丨 涨停潮！热门赛道大爆发！ 丨 昨夜，大涨！道指猛拉超700点 丨 停牌！两家A股公司，控 制权拟变更 丨 拼多多，盘前大跌！陈磊最新发声！ 责编：叶舒筠 校对： ...

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core Viewpoints - The PTA market declined due to the fermentation of downstream polyester production - cut rumors. The spot seller's asking price continued to fall, and the spot basis trading ended. The PTA basis strengthened significantly, and the market contango has emerged. The polyester factory's inventory has improved, and the terminal export demand is expected to strengthen [2]. - The ethylene glycol (MEG) market in Zhangjiagang weakened this week. The spot price followed the decline, and the basis negotiation weakened. The port inventory of MEG remained at over 700,000 tons. Although the coal - based MEG plant load recovery put pressure on the market, coal prices have started to rise. The mainstream MEG plant load is about to be under maintenance, and MEG will enter the de - stocking stage [2]. 3) Summary by Relevant Catalogs Market Data - **INE Crude Oil**: The price increased from 462.8 yuan/barrel on May 19, 2025, to 465.4 yuan/barrel on May 20, 2025, with a change of 2.60 yuan/barrel [2]. - **PTA - SC**: The value decreased from 1412.8 yuan/ton to 1349.9 yuan/ton, a change of - 62.89 yuan/ton. The PTA/SC ratio decreased from 1.4201 to 1.3991, a change of - 0.0209 [2]. - **CFR China PX**: The price decreased from 841 to 828, a change of - 13. The PX - naphtha spread decreased from 276 to 259, a change of - 17 [2]. - **PTA**: The main futures price decreased from 4776 yuan/ton to 4732 yuan/ton, a change of - 44.0 yuan/ton. The spot price decreased from 4995 to 4860, a change of - 135.0. The spot processing fee increased from 403.9 yuan/ton to 423.6 yuan/ton, a change of 19.6 yuan/ton. The disk processing fee increased from 209.9 yuan/ton to 235.6 yuan/ton, a change of 25.6 yuan/ton. The main basis decreased from 198 to 128, a change of - 70.0. The PTA warehouse receipt quantity decreased from 68831 to 67816, a change of - 1015 [2]. - **MEG**: The main futures price decreased from 4475 yuan/ton to 4413 yuan/ton, a change of - 62.0 yuan/ton. The MEG - naphtha value decreased from (84.20) to (85.39), a change of - 1.2. The MEG domestic price decreased from 4566 to 4522, a change of - 44.0. The main basis increased from 85 to 95, a change of 10.0 [2]. Industry Chain Start - up Situation - **PX Operating Rate**: Decreased from 75.86% to 75.25%, a change of - 0.61% [2]. - **PTA Operating Rate**: Increased from 74.41% to 75.35%, a change of 0.94% [2]. - **MEG Operating Rate**: Remained unchanged at 52.26% [2]. - **Polyester Load**: Decreased slightly from 91.12% to 91.11%, a change of - 0.01% [2]. Product Data - **Polyester Filament**: POY150D/48F price remained unchanged at 7025. POY cash flow increased from (25) to 105, a change of 130.0. FDY150D/96F price remained unchanged at 7310. FDY cash flow increased from (240) to (110), a change of 130.0. DTY150D/48F price decreased from 8230 to 8220, a change of - 10.0. DTY cash flow increased from (20) to 100, a change of 120.0. The filament sales rate increased from 28% to 32%, a change of 4% [2]. - **Polyester Staple Fiber**: 1.4D direct - spun polyester staple fiber price decreased from 6745 to 6710, a change of - 35. The staple fiber cash flow increased from 45 to 140, a change of 95.0. The staple fiber sales rate decreased from 46% to 45%, a change of - 1% [2]. - **Polyester Chip**: Semi - bright chip price decreased from 6015 to 5935, a change of - 80.0. The chip cash flow increased from (135) to (85), a change of 50.0. The chip sales rate increased from 39% to 40%, a change of 1% [2]. Device Maintenance and Production - Cut News - Due to the recent rapid rise in raw material prices, three major polyester filament manufacturers have decided to immediately implement production - cut actions for loss - making varieties and plan the next - step production - cut plan, which will be implemented in the short term [2].

投资咨询业务资格:证监许可【2012】 31号 【 一 国贸 期货 完整性做任何保证。本报告不构成个人投资建议,也未针对个别投资者特殊的投资目 务状况或需要,投资者需自行判断本报告中的任何意见或建议是否符合其特定状况, 责任自负。本报告仅向特定客户推送,未经国贸期货授权许可,任何引用、转载以 专播的行为均构成对国贸期货的侵权,我司将视情况追究法 险,入市需谨慎。 瓶片短纤数据日报 | | | | | 技资咨询号 | | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | Z0017251 2025/5/19 | | | | | 能源化工研究中心 | 陈胜 从业资格号: | | | | | | F3066728 | | 指标 | 2025/5/15 | 2025/5/16 | 变动值 | | | PTA现货价格 | 5030 | 4990 | (40. 00) | | | | | | | 现货资讯: | | MEG内盘价格 | 4581 | 4570 | (11.00) | 短纤:涤纶短纤跌58至6550。现货市场:涤纶 | | PTA收盘价 | 4798 | 477 ...

ITG 国贸期货 世界500强投资企业 国贸期货有限公司 成为一流的衍生品综合服务商 入 用 市 市 W FF 客 服 热线 官 方 网 站 la jat 400-8888-598 www.itf.com.cn | | | | 国贸期货研究院 能源化工研究中心 陈胜 | 投资咨询号 Z0017251 2025/5/16 | | --- | --- | --- | --- | --- | | | | | | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/5/14 | 2025/5/15 | 变动值 | | | PTA现货价格 | 5095 | 5030 | (65.00) | | | MEG内盘价格 | 4635 | 4581 | (54. 00) | 现货资讯: | | PTA收盘价 | 4874 | 4798 | (76.00) | 短纤:涤纶短纤跌16至6570。现货市场:涤纶 | | | | | | 短纤生产企业价格上调,贸易商价格偏弱,下游 | | MEG收盘价 | 4506 | 4461 | (45.00) | 观望为主,场内成交稀少。1.56dtex*38mm ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号:Z0017251 | 2025/5/16 | | | | 能源化工研究中心 | 陈胜 | 从业资格号:F3066728 | | | | 指标 | 2025/5/14 | 2025/5/15 | 变动值 | 行情综述 | | SC | INE原油(元/桶) PTA-SC(元/陣) | 486. 6 1337.8 | 463. 2 1431.9 | -23. 40 94. 05 | 成交情况: PTA:PTA行情窄幅下跌,主因是原油下跌,大宗化工 品市场未能延续普涨行情,且市场也需要时间消化近 | | | | | | 0. 0471 | 日PTA的涨幅。PTA主力供应商出售5月货源,现货基差 走弱。 | | | PTA/SC(比价) | 1. 3783 | 1. 4254 | | | | PX | CFR中国PX | 870 | 854 | -16 | | | | PX-石脑油价差 | 2 ...