Report Overview - Report Date: August 21, 2025 [2] - Report Type: PTA Daily Report [1] - Research Team: Energy and Chemical Research Team of CCB Futures [4] 1. Report Industry Investment Rating - No information provided 2. Core View - The rumors of eliminating backward petrochemical production capacity and potential naphtha production cuts in South Korea have boosted the PTA market, and the intraday increase in crude oil prices has also improved market sentiment. It is estimated that the PTA market will rise [6] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - **Futures Market**: On the 20th, the closing price of the PTA main futures contract TA2601 was 4,778 yuan/ton, up 32 yuan/ton or 0.67%. The settlement price was 4,742 yuan/ton, and the daily open interest increased by 6,367 lots. The trading volume of TA2509 was 183,048 lots, a decrease of 41,974 lots, and the trading volume of TA2601 was 790,741 lots, an increase of 6,367 lots [6] 3.2 Industry News - **Crude Oil**: Traders weighed the possibility of sanctions on a European country's crude oil trade being lifted due to potential negotiations to end the Ukraine conflict, leading to an increase in supply. International oil prices fell. On Tuesday (August 19), the settlement price of the September 2025 WTI crude oil futures contract on the New York Mercantile Exchange was $62.35 per barrel, down $1.07 or 1.69%, with a trading range of $62.25 - $63.39. The settlement price of the October 2025 Brent crude oil futures contract on the London Intercontinental Exchange was $65.79 per barrel, down $0.81 or 1.22%, with a trading range of $65.61 - $66.58 [7] - **Xylene**: The Asian xylene market was in a wait-and-see consolidation state. Driven by the increase in crude oil prices, the price in South Korea rose slightly. The FOB South Korea market closed at $676 per ton, and the CFR China market closed at $690 per ton [7] - **PTA**: The PTA price in the East China market was 4,694 yuan/ton, up 5 yuan/ton. The average daily negotiation basis was at a discount of 1 yuan/ton to the futures contract TA2509, up 6 yuan/ton [7] 3.3 Data Overview - The report provides multiple data charts, including PTA futures prices, spot prices of upstream raw materials, PX prices, MEG prices, PTA processing margins, TA5 - 9 spreads, PTA warehouse receipt quantities, polyester factory operating rates, PTA downstream product prices, and PTA downstream product inventories. All data sources are from Wind and the Research and Development Department of CCB Futures [6][7][10]