Report Information - Report Date: July 25, 2025 [2] - Report Title: PTA Daily Report [1] Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Due to the strong market of bulk chemicals and industrial products under the anti - involution expectation, stable downstream polyester demand, and the expected maintenance of PTA plants under low processing fees, the PTA market is expected to rise slightly [5] Summary by Directory 1. Market Review and Operation Suggestions - On the 24th, the closing price of the PTA main futures contract TA2509 was 4,850 yuan/ton, up 42 yuan/ton or 0.87%, with a settlement price of 4,814 yuan/ton and a daily increase in positions of 35,799 lots. The closing price of TA2601 was 4,824 yuan/ton, up 32 yuan/ton, with a trading volume of 253,188 lots and an increase of 5,799 lots [5] 2. Industry News - US crude oil inventories declined, but distillate inventories increased. The market awaited the clarification of US tariff negotiations. European and American crude oil futures fell for the fourth consecutive trading day, but the decline narrowed. On July 23rd, the settlement price of WTI crude oil futures for September 2025 was $65.25 per barrel, down $0.06 or 0.09%, with a trading range of $64.71 - $65.78. The settlement price of Brent crude oil futures for September 2025 was $68.51 per barrel, down $0.08 or 0.12%, with a trading range of $68.00 - $69.10 [6] - The Asian xylene market was sorted out in a small range. The FOB South Korea market closed at $713/ton, and the CFR China market closed at $730/ton [6] - The PTA price in the East China market was 4,814 yuan/ton, up 2 yuan/ton. The average daily negotiation basis was at a discount of 1 yuan/ton to the futures contract 2509, down 4 yuan/ton. The overall market of bulk chemicals was strong, downstream polyester had no intention to cut production, and some PTA plants might be shut down for maintenance in early August [6] 3. Data Overview - The report provides multiple data charts, including PTA futures price summary, basis, international crude oil futures main contract closing price, upstream raw material spot price, PX price, MEG price, PTA processing margin, TA5 - 9 spread, PTA warehouse receipts, polyester factory load rate, PTA downstream product prices, and PTA downstream product inventories. All data sources are Wind and the Research and Development Department of CCB Futures [5][10][16]