Report Summary Industry Investment Rating - No industry investment rating is provided in the report. Core View - The report suggests controlling positions in tin before the holiday [1]. Summary by Directory 1. Fundamental Tracking - **Futures Data**: The closing price of the Shanghai Tin main contract was 391,320 with a daily increase of 0.88%, and the night - session closing price was 376,330 with a decrease of 4.27%. The price of the LME Tin 3M electronic disk was 47,800 with a decrease of 4.52%. The trading volume of the Shanghai Tin main contract was 177,854, a decrease of 80,098 from the previous day, and the position was 28,260, a decrease of 3,027. The trading volume of the LME Tin 3M electronic disk was 628, an increase of 130, and the position was 24,416, a decrease of 737 [2]. - **Inventory Data**: The inventory of Shanghai Tin was 10,296, an increase of 3,780 from the previous day, and the inventory of LME Tin was 7,490, a decrease of 60. The cancellation warrant ratio of LME Tin was 6.57%, a decrease of 0.38% [2]. - **Spot and Price Difference Data**: The SMM 1 tin ingot price was 391,650, an increase of 2,950 from the previous day; the Yangtze River Non - ferrous 1 tin average price was 393,900, an increase of 5,800. The LME tin (spot/three - month) spread was - 152, an increase of 7. The spot - to - futures main contract spread was - 800, a decrease of 6,900 [2]. - **Industrial Chain Price Data**: The price of 40% tin concentrate (Yunnan) was 377,650, an increase of 2,950; the price of 60% tin concentrate (Guangxi) was 381,650, an increase of 2,950. The price of 63A solder bar was 259,250, an increase of 1,500, and the price of 60A solder bar was 248,250, an increase of 2,000 [2]. 2. Trend Intensity - The trend intensity of tin is - 1, indicating a weak bearish view. The trend intensity ranges from - 2 (most bearish) to 2 (most bullish) [3]. 3. Macro and Industry News - The People's Bank of China will conduct 100 billion yuan of outright reverse repurchase operations on February 13. Russia proposed in a memorandum to return to the US dollar system. Elon Musk praised Seedance 2.0, and ByteDance said it was "far from perfect". The Zhizhi GLM Coding Plan was sold out upon launch [4].

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The report provides investment outlooks for various commodities in the black series, including iron ore, rebar, hot-rolled coils, ferrosilicon, silicomanganese, coke, coking coal, and logs. The outlooks range from range-bound oscillations to wide-range fluctuations and weakening trends [2]. Summary by Commodity Iron Ore - **Market Outlook**: Expected to trade in a range [2]. - **Fundamental Data**: Futures price remained unchanged at 761.5 yuan/ton with no change in price and a 0.00% change in price. Open interest increased by 556 to 513,940 lots. Spot prices of various iron ore types also remained unchanged. The basis and spreads showed minimal changes [4]. - **Trend Strength**: -1, indicating a slightly bearish outlook [5]. Rebar and Hot-Rolled Coils - **Market Outlook**: Both are expected to experience wide-range fluctuations [2]. - **Fundamental Data**: Rebar futures (RB2605) closed at 3,052 yuan/ton, down 17 yuan or 0.55%. Hot-rolled coil futures (HC2605) closed at 3,220 yuan/ton, down 21 yuan or 0.65%. Open interest for both increased. Spot prices remained stable. The basis and spreads showed some changes [7]. - **Trend Strength**: 0 for both, indicating a neutral outlook [9]. Ferrosilicon and Silicomanganese - **Market Outlook**: Ferrosilicon is expected to experience wide-range fluctuations due to sector sentiment resonance, while silicomanganese is expected to fluctuate widely as South African manganese ore shipments may tighten after the Spring Festival [2]. - **Fundamental Data**: Futures prices of ferrosilicon and silicomanganese showed some changes. Spot prices of related products and raw materials were provided. The basis, spreads, and cross-variety spreads also showed changes [11]. - **Trend Strength**: 0 for both, indicating a neutral outlook [14]. Coke and Coking Coal - **Market Outlook**: Both are expected to weaken with a bearish trend as long positions take profits [2]. - **Fundamental Data**: Futures prices of coke and coking coal decreased. Spot prices of related products remained mostly stable. The basis and spreads showed some changes [16]. - **Trend Strength**: -1 for both, indicating a slightly bearish outlook [19]. Logs - **Market Outlook**: Expected to trade in a range [2]. - **Fundamental Data**: Futures prices, trading volumes, and open interest of different log contracts showed various changes. Spot prices of different types of logs remained mostly stable [20]. - **Trend Strength**: 0, indicating a neutral outlook [23]. Macro and Industry News - China's January RatingDog Manufacturing PMI was 50.3, in line with expectations and up from the previous value of 50.1 [4][22]. - Multiple real estate developers no longer need to report the "three red lines" indicators monthly, but some troubled developers are required to report financial indicators to the special team in their headquarters city regularly [4][22]. - In late January 2026, major steel enterprises' average daily production of crude steel decreased by 2.2%, pig iron decreased by 3.0%, and steel increased by 3.2%. Steel inventories decreased by 8.8% compared to the previous ten-day period [8][9]. - BHP Billiton's first-half iron ore production reached a record high, and it accepted price cuts for some iron ore in annual contract negotiations with China [9]. - In December 2025, China's steel imports increased by 4.2% month-on-month, and the average price increased by 11.0%. The cumulative imports from January to December decreased by 11.1% year-on-year [9]. - The Ministry of Commerce and the General Administration of Customs implemented export license management for some steel products [9]. - An Inner Mongolia silicon-manganese plant's new production capacity is expected to start producing iron by the end of February. Jupiter will not supply or quote manganese ore to China in March and will release April's offer after the Spring Festival [11]. - On February 10, the prices of ferrosilicon and silicomanganese in different regions were reported, and a Jiangsu steel mill set the silicon-manganese price for early February at 5,850 yuan/ton, up 20 yuan/ton from mid-to-late January [12][13]. - On February 10, the CCI metallurgical coal index showed price changes, and the coking coal online auction had a lower failure rate and an average premium of 11.17 yuan/ton. The market activity declined, and most prices fell [16].

Rating of the Industry Investment - No information provided Core Viewpoints of the Report - The short - term and intraday view of rebar 2605 is oscillating weakly, and the medium - term view is oscillating. It is recommended to pay attention to the pressure at the MA5 line. The core logic is the accumulation of industrial contradictions and the weak downward trend of steel prices [2]. - The supply - demand pattern of rebar has not changed much. The supply has shrunk due to the production cut of short - process steel mills near the holiday, but the high inventory level limits the pressure relief. The demand continues to weaken, and the fundamentals of rebar remain weak. The steel price in the off - season is still under pressure, and the cost support is a relative positive factor. It is expected to continue the oscillating and weak operation, and the inventory changes should be noted [3]. Summary According to Relevant Catalogs Variety Viewpoint Reference - For rebar 2605, the short - term view is oscillating weakly, the medium - term view is oscillating, and the intraday view is oscillating weakly. The view reference is to pay attention to the pressure at the MA5 line, and the core logic is the accumulation of industrial contradictions and the weak downward trend of steel prices [2]. Market Driving Logic - The supply - demand pattern of rebar has little change. The supply has shrunk as short - process steel mills cut production near the holiday, but the high inventory level limits the pressure relief. The demand continues to weaken, with high - frequency demand indicators declining and at the lowest level in the same lunar period in recent years. The downstream industries remain sluggish, and the weak demand pattern remains unchanged, dragging down the steel price. The fundamentals of rebar remain weak in the situation of weak supply and demand. The steel price in the off - season is under pressure, and the cost support is a positive factor. It is expected to continue the oscillating and weak operation, and attention should be paid to inventory changes [3].

Report Industry Investment Ratings - Acrylonitrile: ★★★ (predicted trend of upward movement) [1] - Polypropylene: ★★★ (predicted trend of upward movement) [1] - Plastic: ★★★ (predicted trend of upward movement) [1] - Styrene: ★★★ (predicted trend of upward movement) [1] - PTA: ★★★ (predicted trend of upward movement) [1] - Ethylene Glycol: ★★★ (predicted trend of upward movement) [1] - Short Fiber: ★★★ (predicted trend of upward movement) [1] - Bottle Chip: ★★★ (predicted trend of upward movement) [1] - Methanol: ★★★ (predicted trend of upward movement) [1] - Urea: ★★★ (predicted trend of upward movement) [1] - PVC: ★★★ (predicted trend of upward movement) [1] - Caustic Soda: ★★★ (predicted trend of upward movement) [1] - Soda Ash: ★★★ (predicted trend of upward movement) [1] - Glass: ★★★ (predicted trend of upward movement) [1] Core Viewpoints - The supply - demand patterns of various chemical products are affected by factors such as approaching the Spring Festival, production capacity changes, and downstream demand. Some products face supply - demand imbalances, and the market trends vary, with some showing short - term fluctuations and others having long - term pressure or improvement expectations [2][3][5][6][7][8] Summary by Directory Olefins - Polyolefins - The main contract of acrylonitrile futures declined during the day. Although there is an expected increase in supply, the pre - holiday supply shortage is difficult to reverse. Demand is mainly rational buying. The main contracts of plastic and polypropylene futures also declined, and as the Spring Festival approaches, the demand support for the market weakens [2] Polyester - PX and PTA futures prices fluctuated during the day. PX is recommended for long - position allocation in the first half of the year, but currently, the demand is declining, and there is an expectation of inventory accumulation. PTA load increased slightly, and the processing margin declined. Ethylene glycol inventory increased, but the rate of accumulation slowed down. In the second quarter, there is an expectation of improvement in supply - demand. Short fiber has a good supply - demand pattern but weak downstream orders. Bottle chip processing margin has recovered, but there is long - term capacity pressure [3] Pure Benzene - Styrene - The main contract of pure benzene continued to decline, and the spot market trading slowed down. The supply - demand pattern of pure benzene is expected to improve around the Spring Festival. The main contract of styrene futures declined, and the supply - demand structure will weaken until the Spring Festival, with seasonal inventory accumulation after the festival [5] Coal Chemical Industry - Methanol overseas plant operation rate declined. Coastal demand is weak, and it is difficult to reduce inventory in the short term. Domestic production increased, and the main production areas have smooth inventory clearance. After the Spring Festival, the methanol market may slowly reduce inventory. Urea daily production is high, and the market is supported by agricultural and reserve demand. After the Spring Festival, the demand is expected to increase significantly [6] Chlor - Alkali Industry - PVC fluctuated slightly. The industry will enter the seasonal inventory accumulation stage. The cost support is strengthening, and it is recommended to buy at low prices. Caustic soda is running strongly, but the profit is compressed, and there may be supply reduction due to potential maintenance. It is expected to run around the cost [7] Soda Ash - Glass - Soda ash is running weakly, with increasing inventory and high supply. It is recommended to short on rebounds. Glass futures prices fluctuated upward, with inventory increasing and production capacity compressing. It is recommended to look for low - value buying opportunities [8]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The main contract price of rebar oscillated downward with a daily decline of 0.84%, showing a decrease in volume and an increase in open interest. As the holiday approaches, both supply and demand of rebar are weakening, and the fundamentals remain weak. The steel price in the off - season continues to be under pressure, with cost support being a relative positive factor. It is expected to continue the weak oscillating trend, and attention should be paid to inventory changes [5]. - The main contract price of hot - rolled coil oscillated weakly with a daily decline of 0.55%, and both volume and open interest increased. Currently, the supply of hot - rolled coil is at a high level while the demand is weakening. The fundamentals are weak, and the price will continue to oscillate at a low level under pressure. Attention should be paid to the demand performance and beware of the intensified contradiction of weakening demand [5]. - The main contract price of iron ore oscillated at a low level with a daily decline of 0.46%, and both volume and open interest decreased. At present, although the demand for iron ore has slightly recovered, the improvement is limited, and the supply pressure has limited relief. The fundamentals of iron ore are weak. Under the dominance of the real - world logic, the ore price is expected to remain under pressure and run weakly. Attention should be paid to the performance of finished steel [5]. 3. Summary by Relevant Catalogs 3.1 Industry Dynamics - According to the C50 Wind Direction Index survey, the liquidity in February is likely to remain stable and loose. Although there are three phased disturbances in February, the central bank's attitude of loose monetary policy is obvious, and liquidity injection is expected to increase. Among 20 market institutions surveyed, 1 believes there is basically no liquidity gap, 17 think the overall capital pressure is not large and the liquidity gap may be about one trillion yuan, and 2 believe it is neutral and tight with a liquidity gap exceeding two trillion yuan [7]. - In 2026, the sales of automobile trade - in programs exceeded 50 billion yuan. As of February 5, 2026, there were 335,000 subsidy applications for automobile trade - in, driving new - car sales of 53.77 billion yuan. In January, the average price of new cars involved in trade - in exceeded 160,000 yuan, and the number of scrapped automobiles recycled nationwide was 659,000, a year - on - year increase of 50.2% [8]. - On February 6, 2026, Brazil's Department of Foreign Trade Secretariat of the Ministry of Development, Industry, Trade and Services issued Announcement No. 6 of 2026, making a positive preliminary anti - dumping ruling on wire rods originating from China and Russia. It suggested continuing the investigation without implementing temporary anti - dumping measures and extended the deadline for making a final ruling to within 18 months from the date of filing the case [9]. 3.2 Spot Market - The spot prices of rebar in Shanghai, Tianjin, and the national average are 3,190 yuan, 3,150 yuan, and 3,304 yuan respectively, with price changes of 0 yuan, - 10 yuan, and - 2 yuan. The spot prices of hot - rolled coil in Shanghai, Tianjin, and the national average are 3,240 yuan, 3,140 yuan, and 3,283 yuan respectively, with price changes of - 10 yuan, - 10 yuan, and - 1 yuan. The price of Tangshan billet is 2,910 yuan with no change, and the price of Zhangjiagang heavy scrap is 2,160 yuan with no change. The volume - spiral spread is 5 yuan, and the spiral - scrap spread is 1,030 yuan [10]. - The price of PB powder at Shandong ports is 757 yuan with a change of 1 yuan, the price of Tangshan iron concentrate (wet basis) is 767 yuan with no change, the Australian and Brazilian freight rates are 8.45 yuan and 23.46 yuan respectively, with changes of 0.11 yuan and - 0.11 yuan. The SGX swap (current month) is 99.58 yuan with a change of - 1.32 yuan, and the iron ore price index (61% FE, CFR) is 98.70 yuan with a change of - 1.60 yuan [10]. 3.3 Futures Market - The closing price of the rebar futures active contract is 3,064 yuan, with a decline of 0.84%. The highest price is 3,083 yuan, the lowest price is 3,060 yuan, the trading volume is 665,539 lots with a decrease of 57,768 lots, and the open interest is 2,005,501 lots with an increase of 90,248 lots [12]. - The closing price of the hot - rolled coil futures active contract is 3,239 yuan, with a decline of 0.55%. The highest price is 3,253 yuan, the lowest price is 3,235 yuan, the trading volume is 348,786 lots with an increase of 72,117 lots, and the open interest is 1,499,810 lots with an increase of 15,200 lots [12]. - The closing price of the iron ore futures active contract is 761.5 yuan, with a decline of 0.46%. The highest price is 765.0 yuan, the lowest price is 757.5 yuan, the trading volume is 169,680 lots with a decrease of 46,579 lots, and the open interest is 513,384 lots with a decrease of 1,361 lots [12]. 3.4 Related Charts - The report presents various charts related to steel and iron ore inventories, including weekly changes in rebar and hot - rolled coil inventories, total inventories (steel mills + social warehouses), and iron ore inventories at 45 ports, 247 steel mills, and domestic mines. It also shows charts of steel mill production, such as the blast furnace operating rate, capacity utilization rate, and profitability of 247 sample steel mills, as well as the operating rate and profitability of 94 independent electric - arc furnace steel mills [14][20][29] 3.5 Market Outlook - For rebar, as the holiday approaches, both supply and demand are seasonally weakening, and inventory is continuously accumulating. The weekly output of rebar decreased by 81,500 tons, and the inventory level is significantly higher than the same period last lunar year. Demand is in a weak seasonal pattern, and the weak demand pattern is difficult to change, dragging down the steel price. The cost support is a relative positive factor. It is expected to continue the weak oscillating trend, and attention should be paid to inventory changes [37]. - For hot - rolled coil, the supply - demand pattern has little change, and inventory has increased again. The weekly output of hot - rolled coil decreased slightly by 50 tons, remaining at a relatively high level, and the inventory level is high. The demand for hot - rolled coil is weakening, and although the downstream cold - rolled production is at a high level, there are concerns about demand. The price will continue to oscillate at a low level under pressure, and attention should be paid to demand performance [37]. - For iron ore, the supply - demand pattern remains weak, and inventory is continuously rising. Although the terminal consumption of ore has slightly increased, the improvement in demand is limited due to the poor profitability of steel mills and the accumulation of steel market contradictions. The supply of overseas ore has shrunk in the short term, and the supply pressure has limited relief. The ore price is expected to remain under pressure and run weakly, and attention should be paid to the performance of finished steel [38].

Core Viewpoint - On February 9, New York silver prices increased by 3%, reaching $79.36 per ounce [1] Group 1 - The price movement indicates a significant daily increase in silver, reflecting market dynamics [1]

节前资金离场规避长假风险 研究员：陈婧 FRM 期货从业证号：F03107034 投资咨询资格证号：Z0018401 目录 第一章 需求分析 4 第二章 供应分析 8 第三章 供需平衡及库存 11 GALAXY FUTURES 1 碳酸锂后市行情展望 综合分析 行情展望及策略推荐： GALAXY FUTURES 3 1.1.1 新能源汽车——淡季来临但好于预期 单位：万辆 单位：万辆 左轴：万辆 右轴：% 单位：GWh 新能源汽车销量结构 中国动力电芯产量 0 50 100 150 200 2022 2023 2024 2025 50% 60% 70% 80% 90% 0 50 100 150 200 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 纯电动 插混 纯电动占比 中国新能源汽车销量 中国新能源乘用车零售 0 50 100 150 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2022 20 ...

1. Report Industry Investment Rating - The report does not mention the industry investment rating [1] 2. Core View of the Report - The report indicates that the log market is in a state of oscillatory consolidation [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Futures Market Data**: - For the 2603 contract, the closing price on February 5, 2026, was 802, with a daily decline of 0.7% and a weekly increase of 0.5%. The trading volume was 6656, a daily decrease of 22.1% and a weekly decrease of 57%. The open interest was 8922, a daily decrease of 4.4% and a weekly decrease of 12% [1] - For the 2605 contract, the closing price was 797.5, a daily decline of 0.6% and a weekly change of 0%. The trading volume was 2497, a daily increase of 4.8% and a weekly decrease of 36%. The open interest was 5085, a daily decrease of 1.2% and a weekly increase of 7% [1] - For the 2607 contract, the closing price was 801.5, a daily decline of 0.7% and a weekly change of 0%. The trading volume was 82, a daily decrease of 18.0% and a weekly decrease of 75%. The open interest was 1125, a daily increase of 1.4% and a weekly increase of 7% [1] - **Spread Data**: - The spread between the spot and the 2603 contract was -52 on February 5, 2026, with a daily decline of 9.6% and a weekly decline of 10% - The spread between the spot and the 2605 contract was -47.5, a daily decline of 8.7% and a weekly decline of 16% - The spreads between different contracts (2603 - 2605, 2603 - 2607, 2605 - 2607) also showed certain changes [1] - **Spot Market Data**: - In the log spot market, the prices of various types of logs in Shandong and Jiangsu markets were mostly stable, with only a few showing slight increases. For example, the price of 3.9 - meter 30 + radiata pine in the Shandong market increased by 1.4% week - on - week [1] - In the wood square spot market, the prices of 3 - meter and 4 - meter radiata pine wood squares in some regions also showed slight increases, such as a 4.1% week - on - week increase in the 3 - meter radiata pine wood square in Rizhao [1] 3.2 Macro and Industry News - China's January RatingDog Manufacturing PMI was 50.3, in line with expectations and higher than the previous value of 50.1 [3] - Multiple real - estate enterprise related personnel stated that currently, their companies are no longer required by regulatory authorities to report the "Three Red Lines" indicators monthly. However, some troubled real - estate enterprises are required to regularly report financial indicators such as asset - liability ratio to the special team in the city where their headquarters are located [3][4] 3.3 Trend Intensity - The log trend intensity is 0, indicating a neutral trend [3]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - Fuel oil shows a continuous rebound, and the short - term weakness has暂缓. Low - sulfur fuel oil has a narrow - range adjustment, and the price difference between high - and low - sulfur in the overseas spot market remains at a historical low [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Futures Data**: - For FU2603, the closing price is 2,824 yuan/ton with a daily increase of 0.97%, and the settlement price is 2,815 yuan/ton with a 1.40% increase. The trading volume is 545,609 lots with a decrease of 44,176 lots, and the open interest is 84,406 lots with a decrease of 13,781 lots. - For FU2604, the closing price is 2,817 yuan/ton with a 1.40% increase, and the settlement price is 2,804 yuan/ton with a 1.23% increase. The trading volume is 26,763 lots with a decrease of 11,478 lots, and the open interest is 22,058 lots with a decrease of 709 lots. - For LU2603, the closing price is 3,299 yuan/ton with a 0.70% increase, and the settlement price is 3,293 yuan/ton with a 1.26% increase. The trading volume is 4,646 lots with a decrease of 2,578 lots, and the open interest is 14,539 lots with a decrease of 720 lots. - For LU2604, the closing price is 3,285 yuan/ton with a 1.26% increase, and the settlement price is 3,283 yuan/ton with a 1.14% increase. The trading volume is 91,440 lots with a decrease of 15,961 lots, and the open interest is 80,624 lots with a decrease of 1,300 lots [1] - **Warehouse Receipts**: The total market warehouse receipts for fuel oil (FU) are 9,930 lots, and for low - sulfur fuel oil (LU) are 23,140 lots [1] - **Spot Prices**: - In Singapore FOB, the high - sulfur (3.5%S) price is 425.0 dollars/ton with a 1.93% daily increase, and the low - sulfur (0.5%S) price is 461.2 dollars/ton with a 1.55% daily increase. - In Singapore Bunker, the high - sulfur price is 432.0 dollars/ton with a 1.17% daily increase, and the low - sulfur price is 490.0 dollars/ton with a 1.66% daily increase. - In other regions like Fujeirah Bunker, Zhoushan Bunker, Shanghai Bunker, Tokyo Bunker, and South Korea Bunker, there are also corresponding price increases for both high - and low - sulfur fuel oils [1] - **Price Spreads**: - The spread between FU03 - 04 is 7 yuan/ton, and the settlement spread is 11 yuan/ton. - The spread between LU03 - 04 is 14 yuan/ton, and the settlement spread is 10 yuan/ton, with a spread difference of - 4 yuan/ton. - The spread between LU03 - FU03 is 475 yuan/ton, and the settlement spread is 478 yuan/ton, with a spread difference of 3 yuan/ton. - The spread between FU2603 and Singapore MOPS (3.5%S) is - 126.0 yuan/ton, with a change of - 28.9 yuan/ton compared to the previous day. - The spread between LU2603 and Singapore MOPS (0.5%S) is 98.2 yuan/ton, with a change of - 25.9 yuan/ton compared to the previous day. - The spread between Singapore MOPS (0.5%S - 3.5%S) is 36.1 dollars/ton, with a change of - 1.0 dollars/ton compared to the previous day [1] 3.2 Trend Intensity - The trend intensity of fuel oil is 0, and that of low - sulfur fuel oil is also 0. The trend intensity ranges from - 2 to 2, where - 2 means most bearish and 2 means most bullish [1]

金 信 期 货 P T A 乙 二 醇 日 刊 本刊由金信期货研究院撰写 GOLDTRUST FUTURES CO.，LTD PTA 主力合约：2月4日PTA主力期货合约TA605今天上涨1.36%，基差走强至-52元/吨。 ibaotu.com 日度市场情况 基本面：今日PTA华东地区市场价5150元/吨，较前一交易日上涨65元/吨。成本端布伦特原油再度反弹至67.5美元/桶左右；PTA产能 利用率较上一工作日+1.07至76.90%；周度PTA工厂库存天数3.58天，较上周-0.04天。 主力动向：多头主力增仓 感谢您下载包图网平台上提供的PPT作品，为了您和包图网以及原创作者的利益，请勿复制、传播、销售，否则将承担法律责任！包图网将对作品进行维权，按照传播下载次数进行十倍的索取赔偿！ 走势预期：春节假期临近，终端放假在即，聚酯减产幅度扩大，终端订单天数、库存水平显示需求弱化，2月份PTA有累库预期。当 前成本端扰动偏大，原油走势波动较大，PX远端向好，短期PTA价格震荡偏空看待。 2 0 2 6 / 0 2 / 0 4 MEG 主力合约：2月4日乙二醇主力期货合约eg2605上涨0.64%，基差走强至- ...