行业 PTA 日报 日期 2025 年 09 月 30 日 油） 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 硅）028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：李捷,CFA（原油燃料 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（尿素、工业 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 研究员：冯泽仁（玻璃纯碱） 请阅读正文后的声明 每日报告 一、 行情回顾与操作 ...

Group 1 - The domestic futures market for PTA is experiencing a strong upward trend, with the main contract opening at 4820.00 CNY/ton and reaching a high of 4958.00 CNY, reflecting a price increase of approximately 3.49% [1] - Short-term PTA prices are expected to be supported by cost increases and active downstream restocking, while medium-term outlook suggests potential pressure from new production capacities and high inventory levels [1][2] - The supply side is seeing a slowdown in inventory depletion, while the demand side is under pressure due to high polyester inventory levels, leading to expectations of reduced production in the future [2] Group 2 - The PTA basis has significantly increased, with transactions reported at +250-280, indicating a tightening of spot liquidity and a decrease in port inventory to 180,000 tons [2] - The market is expected to maintain a strong oscillation in the near term, influenced by downstream cost pressures and the potential for significant reductions in bottle chip production [2]