手机：18516056442 liyingjie@thqh.com.cn www.thqh.com.cn 一、日度市场总结 1. PTA&PX 需求疲软主导聚酯市场情绪，原油价格上涨难提振 通惠期货研发部 李英杰 从业编号：F03115367 投资咨询：Z0019145 2. 聚酯 06月06日，短纤主力合约收6394.0元/吨，较前一交易日收涨0.66%。华东 市场现货价为6500.0元/吨，较前一交易日收涨20.0元/吨，基差为106.0 元/吨。 轻纺城成交量连续下滑，MA15值从831.33万米（5月30日）降至808.93万米 （6月6日），下降约2.7%，表明下游纺织需求疲软。库存端：截至6月5 日，涤纶短纤库存8.4天、涤纶长丝FDY库存21.6天、DTY库存28.4天、POY 库存16.5天。短期产业链偏弱运行，价格承压或持续下行，需求端收缩主 导市场。 1/10 二、产业链价格监测 06月09日，PX 主力合约收0.0元/吨，较前一交易日收涨0.24%，基差为0.0 元/吨。PTA 主力合约收4652.0元/吨，与前一交易日持平，基差为0.0元/ 吨。 成本端，06月09日，WTI收64.7 ...

Group 1: US Economic Indicators - US non-farm payrolls in May slightly exceeded expectations, but previous two months' data were significantly revised downwards; unemployment rate remains stable, and average hourly earnings were better than expected; bets on Fed rate cuts have decreased [2] - Fed's Harker calls for patience, stating that it is not the time for preemptive measures [2] - Fed Governor Bowman suggests proposing changes to the regulatory ratings for large banks; regulatory agencies will soon announce proposals to enhance the supplementary leverage ratio [2] Group 2: European Central Bank (ECB) Insights - ECB Governing Council member Holzmann expresses differing opinions on this week's interest rate decision, stating that the current nominal neutral rate is around 3% [3] - ECB Governing Council member Vujcic indicates that the current round of rate cuts is nearing its end [4] - ECB Governing Council member Centeno states that interest rates will stabilize around 2% for the foreseeable future [5] Group 3: Other Central Bank Developments - New Zealand's Chief Economist Conway mentions that lower interest rates will promote economic growth in the second half of the year [4] - The Bank of Japan is reportedly considering slowing the pace of its bond purchase reduction [5] - Japanese Prime Minister Kishida states that Japan is gradually entering a phase of rising interest rates [5] - Bank of England member Green notes a short-term rebound in prices, but deflationary trends will continue [5] - ECB Governing Council member Escrivá suggests that the path for the benchmark interest rate may require slight adjustments [5]

Core Viewpoint - The Federal Reserve Board member Bowman suggests that the Fed should propose changes to the regulatory ratings for large banks [1] Group 1 - The proposal aims to enhance the regulatory framework for large banks, potentially leading to more stringent oversight [1] - This change is part of a broader discussion on improving the resilience of the banking sector following recent financial instability [1] - The emphasis is on ensuring that regulatory measures are aligned with the current risk environment faced by large financial institutions [1]

Core Viewpoint - The Federal Reserve plans to reassess its secret ratings of the health of the largest U.S. banks, as the incoming Vice Chair for Supervision, Bowman, questions the recent regulatory ratings and their alignment with the financial conditions of these banks [1]. Group 1 - Incoming Vice Chair for Supervision, Bowman, has expressed concerns about the "strange mismatch" between the Federal Reserve's view of large banks' financial health and the unsatisfactory ratings given to many of these banks last year [1]. - The Federal Reserve has not yet released new regulatory ratings for U.S. banks with assets of $100 billion or more, which are typically disclosed privately by the end of March [1]. - The Federal Reserve is reportedly waiting for the Senate to confirm Bowman's new position before announcing the new ratings and has begun determining the procedures for next year's ratings [1]. Group 2 - It is anticipated that Bowman will change the methodology used by the Federal Reserve to calculate these ratings [1].