本周（7月28日-8月1日）市场上看，PTA期货周内开盘报4940元/吨，最高触及4952元/吨，最低下探至 4732元/吨，周度涨跌幅达-3.22%。 消息面回顾： 华东一套150万吨PTA装置因故临时性停车，预计影响3天附近。 截止2025年7月30日当周，中国PTA平均加工区间：205.68元/吨，环比-15.36%，同比-50.61%。 截至2025年8月1日当周，PTA期货主力合约收于4744元/吨，周K线收阳，持仓量环比上周减持255398 手。 截至7月31日当周，本周PTA工厂库存在3.82天，较上周-0.17天，较去年同期+0.29天。 机构观点汇总： 新湖期货：基本面看，近期变化不大，上中下游开工较为平稳，终端开工有触底回升迹象，关注淡旺季 转换。PTA近端库存不高，尽管供需预期不佳，目前PTA环节估值低，无压缩空间。商品市场近期在宏 观政策导向下整体波动较大。PTA估值低，关注低买机会。 国信期货：当前终端处于淡季，下游聚酯阶段性降负，长丝库存再度回升，短期需求边际走弱。近日 PTA大厂降负停车，市场供应环比缩减，累库速度预期放缓，关注检修持续性。PX供应仍然偏紧， PXN裂差偏强运行， ...

Group 1 - BHP's copper production is expected to reach a record high of over 2 million tons in the fiscal year 2025, marking a significant milestone for the company [1] - Despite the anticipated record production, BHP has issued a warning about a potential decline in copper output for the following year, indicating a shift in market supply and demand expectations [1]

Core Insights - The article discusses the rising costs of new copper mines globally due to increasing inflation, which is impacting copper price trends and market supply-demand expectations [1] Group 1: Copper Market Dynamics - Global inflation is intensifying, leading to higher costs for establishing new copper mines [1] - The article raises questions about how copper price trends and market supply-demand expectations will evolve in response to these rising costs [1]