宏观日报 | 2025-10-23 地产下游销售低位，关注能源上游价格波动 中观事件总览 生产行业： 1）有记者向外交部发言人郭嘉昆提问，在与中国商务部部长王文涛会谈之后，欧盟委员会贸易和经 济安全委员谢夫乔维奇表示，欧盟和中国官员已同意在布鲁塞尔举行紧急会谈，讨论中国针对稀土的出口管制问 题。外交部能否确认这一会谈并提供更多信息？对此郭嘉昆表示，中欧经贸关系的本质是优势互补、互利共赢。 希望欧方恪守支持自由贸易、反对贸易保护主义的承诺。 服务行业：1）深圳市地方金融管理局等多部门印发《深圳市推动并购重组高质量发展行动方案（2025—2027年）》， 其中提出，力争到2027年底，辖区上市公司质量全面提升，境内外上市公司总市值突破20万亿元，培育形成千亿 级市值企业20家。行动方案支持集成电路、人工智能、新能源、生物医药等战略性新兴产业领域开展上下游并购 重组，以及加快实施国有企业战略性重组和专业化整合。 数据来源：iFind，华泰期货研究院 行业总览 上游：1）黑色：玻璃价格回落较多。2）农业：棕榈油价格小幅回落。3）能源：煤炭库存回落，液化天然气价格 回升。 中游：1）化工：PX、尿素开工率保持高位。2） ...

1. Report Industry Investment Rating - The overall rating for commodities and stock index futures is neutral [5] 2. Core View of the Report - The report focuses on multiple factors including the domestic economic situation, Sino - US tariff frictions, the US government shutdown, and commodity market trends. It suggests a wait - and - see approach for commodities in the short - term, and points out potential opportunities and risks in different commodity sectors [1][2][3][4] 3. Summary by Related Catalogs Market Analysis - In China, the gap between strong expectations and weak reality has widened. In August, economic data showed signs of weakness with characteristics such as slow industrial growth, weak investment, and sluggish consumption. In September, exports were resilient, and the M2 - M1 gap reached a new low for the year. The government has proposed measures to stabilize growth, with new policy - based financial instruments totaling 500 billion yuan. China's Q3 GDP grew by 4.8% year - on - year, September's retail sales growth slowed to 3% compared to August, and industrial value - added growth accelerated to 6.5%. Housing prices in 70 cities declined in September, with second - and third - tier cities' second - hand housing prices falling by 0.7% and 0.6% respectively [1] - Sino - US tariff frictions have intensified. As the extension of Sino - US tariffs is about to expire on November 10, the US has taken multiple measures such as adding Chinese companies to the entity list and imposing tariffs on various products. China has responded with measures like export controls on rare - earth technology and charging special port fees on US ships. Both sides have agreed to hold a new round of economic and trade consultations [2] - As of October 22, the US government shutdown has entered its 22nd day, becoming the second - longest in history. Economic data releases have been delayed, and the market may have underestimated the severity of the shutdown. Japan's Prime Minister is preparing economic stimulus measures expected to exceed 13.9 trillion yen from last year [3] Commodity Market - For commodities, a wait - and - see approach is recommended in the short - term due to high volatility in previously bullish sectors. The black sector is still affected by downstream demand expectations, and the "anti - involution" situation should be noted. The non - ferrous sector has long - term supply constraints and is boosted by global easing expectations. The energy sector has a relatively loose supply in the medium - term, with OPEC+ planning to increase production by 137,000 barrels per day in November. The US API crude oil inventory decreased by 2.981 million barrels last week. In the chemical sector, the "anti - involution" space of products like methanol, caustic soda, and urea is worth attention. Agricultural products are driven by tariff and inflation expectations but need fundamental signals and are affected by Sino - US negotiations. For precious metals, short - term price fluctuations are risky, but there are long - term buying opportunities at low prices. On October 22, spot gold fell below $4,070 per ounce, with a decline of over $70 per ounce in 30 minutes [4] Strategy - The overall strategy for commodities and stock index futures is neutral [5] Important News - On October 21, Chinese Minister Wang Wentao had a video call with the EU Commissioner, discussing key economic and trade issues. China's rare - earth export control is a normal measure to improve the export control system [7] - The US government shutdown may last until November and exceed the 35 - day record of Trump's first term [7] - Japan's Prime Minister is preparing economic stimulus measures centered around three pillars: anti - inflation measures, investment in growth industries, and national security [7] - US API crude oil inventory decreased last week, along with changes in other oil product inventories [7] - Russian President Putin will not attend the G20 summit in South Africa in person [7] - Spot gold prices dropped sharply on October 22 [7]

Report Industry Investment Rating - Unilateral: Neutral. Cross - period: EG2601 - EG2605 reverse spread. Cross - variety: None [3] Core Viewpoints - On the futures and spot markets, the closing price of the main EG contract was 4,051 yuan/ton (up 47 yuan/ton, +1.17% from the previous trading day), the spot price in the East China EG market was 4,122 yuan/ton (up 32 yuan/ton, +0.78% from the previous trading day), and the spot basis in East China EG (based on the 2509 contract) was 81 yuan/ton (up 7 yuan/ton month - on - month). Driven by the news of several device operations and possible supply cuts in Saudi Arabia, the EG price rose, and the spot basis strengthened simultaneously [1] - In terms of production profit, the production profit of ethylene - to - EG was - 68 US dollars/ton (unchanged month - on - month), and the production profit of coal - to - syngas - to - EG was - 649 yuan/ton (down 22 yuan/ton month - on - month) [1] - In terms of inventory, according to CCF data, the inventory at the main ports in East China was 57.9 tons (up 3.8 tons month - on - month); according to Longzhong data, it was 49.3 tons (up 5.0 tons month - on - month). The actual arrival at the main ports last week was 10.5 tons, and the port inventory continued to accumulate. This week, the planned arrival at the main ports in East China is 5.3 tons, and at the secondary ports is 6.3 tons, with the inventory expected to remain stable [1] - On the supply side, the domestic ethylene glycol load is operating at a high level, and there are still many losses in overseas ethylene glycol supply. More than two sets of Saudi Arabian devices are still shut down or operating at low loads, with little expected change. On the demand side, due to high tariffs, there is no peak - season boom, the increase in polyester load is limited, but there is still rigid demand. The ethylene glycol balance sheet has a large inventory accumulation pressure in the fourth quarter, and the port inventory is expected to gradually rise [2] - The ethylene glycol port inventory is rising, with large inventory accumulation pressure under high supply. The price has fallen to near the April low. Attention should be paid to the shipping fee issue related to vessels involved in US - related problems [3] Summary by Directory Price and Basis - The closing price of the main EG contract was 4,051 yuan/ton (up 47 yuan/ton, +1.17% from the previous trading day), the spot price in the East China EG market was 4,122 yuan/ton (up 32 yuan/ton, +0.78% from the previous trading day), and the spot basis in East China EG (based on the 2509 contract) was 81 yuan/ton (up 7 yuan/ton month - on - month) [1] Production Profit and Operating Rate - The production profit of ethylene - to - EG was - 68 US dollars/ton (unchanged month - on - month), and the production profit of coal - to - syngas - to - EG was - 649 yuan/ton (down 22 yuan/ton month - on - month) [1] International Price Difference - No specific data or analysis provided in the given text Downstream Production, Sales, and Operating Rate - High tariffs lead to no peak - season boom, the increase in polyester load is limited, but there is still rigid demand [2] Inventory Data - According to CCF data, the inventory at the main ports in East China was 57.9 tons (up 3.8 tons month - on - month); according to Longzhong data, it was 49.3 tons (up 5.0 tons month - on - month). The actual arrival at the main ports last week was 10.5 tons, and the port inventory continued to accumulate. This week, the planned arrival at the main ports in East China is 5.3 tons, and at the secondary ports is 6.3 tons, with the inventory expected to remain stable. The ethylene glycol balance sheet has a large inventory accumulation pressure in the fourth quarter, and the port inventory is expected to gradually rise [1][2]

"近期，乙二醇期价创三年来新低，估值其实基本符合市场预期。"远大能源化工有限公司烯烃事业部总 经理戴煜敏告诉期货日报记者。 截至昨日收盘，乙二醇期货主力合约报4051元/吨，处于近三年的低位区间。采访中，期货日报记者了 解到，乙二醇价格持续走弱是多重因素交织下的必然结果。 "曾经，我国乙二醇供应高度依赖进口；如今，国内产能已彻底改写这一格局。数据显示，2025年国内 乙二醇总产能突破2800万吨，进口依存度从早年的58.3%骤降至30%。"戴煜敏表示，即便日本、韩国等 地区淘汰老旧装置、转产或停产，但国内产能增长规模远超海外产能退出规模。全球存量产能叠加新增 产能投放，让乙二醇阶段性供应过剩的局面短期难以扭转。 值得注意的是，随着价格大幅走低，市场对乙二醇估值是否偏低的争论也越来越激烈——有人认为当前 估值已到价值投资区间，有人却觉得这才是真实价值。 "从绝对价格看，现在乙二醇价格已处于历史低位，有价值投资的潜力，但从加工利润来看，市场分歧 特别明显。"戴煜敏解释说，中东、北美产区的装置凭借原料价格低的优势，仍有较强竞争力；国内后 期新建的煤制乙二醇装置，依托煤炭资源优势，也能维持一定利润。这种成本分化现象， ...

Report Industry Investment Rating - No relevant information provided Core Viewpoints of the Report - Polyolefin futures continued to be weak. The prices of linear LL and拉丝PP from Sinopec and PetroChina remained stable. The weakness of polyolefins was due to the drag of crude oil and the need to digest spot goods after the long holiday. With the continuation of the China-US game, crude oil was under pressure, weakening cost support. In the short term, polyolefin prices fluctuated passively with the cost side, and market sentiment was cautious. However, after continuous declines in chemicals, the decline speed might slow down [2] Summary by Relevant Catalogs Futures Market - **Prices and Changes**: For LL, the previous day's closing prices of January, May, and September contracts were 6883, 6917, and 6952 respectively, with changes of 4, -4, and 0 and percentage changes of 0.06%, -0.06%, and 0.00%. For PP, the corresponding closing prices were 6583, 6627, and 6647, with changes of 18, 9, and -3 and percentage changes of 0.27%, 0.14%, and -0.05% [2] - **Trading Volume and Open Interest**: The trading volumes of LL's January, May, and September contracts were 286298, 25219, and 168, and the open interests were 561965, 63064, and 850, with changes of -135, 1569, and 20. For PP, the trading volumes were 318981, 27402, and 831, and the open interests were 649100, 122304, and 4736, with changes of -5749, 2797, and 215 [2] - **Spreads**: The current spreads of LL's 1 - 5 months, 5 - 9 months, and 9 - 1 months were -34, -35, and 69, compared with previous values of -42, -31, and 73. For PP, the current spreads were -44, -20, and 64, compared with previous values of -53, -32, and 85 [2] Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2270 yuan/ton, 6010 yuan/ton, 522 dollars/ton, 5600 yuan/ton, 6450 yuan/ton, and 8800 yuan/ton respectively [2] - **Mid - stream Products**: The current price ranges of LL in East China, North China, and South China markets were 6900 - 7450, 6850 - 7150, and 7100 - 7500. For PP, the price ranges were 6450 - 6650, 6450 - 6550, and 6450 - 6600 [2] News - On Tuesday (October 21), the settlement price of WTI crude oil futures for November 2025 on the New York Mercantile Exchange was $57.82 per barrel, up $0.30 or 0.52% from the previous trading day, with a trading range of $56.99 - $58.28. The settlement price of Brent crude oil futures for December 2025 on the London Intercontinental Exchange was $61.32 per barrel, up $0.31 or 0.51%, with a trading range of $60.35 - $62.09 [2]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The EG main contract closed at 4004 yuan/ton (+1 yuan/ton, +0.02% compared to the previous trading day), the EG spot price in the East China market was 4090 yuan/ton (-4 yuan/ton, -0.10% compared to the previous trading day), and the EG spot basis in East China (based on the 2509 contract) was 74 yuan/ton (+2 yuan/ton month-on-month) [1]. - The production profit of ethylene - made EG was -68 US dollars/ton (-4 US dollars/ton month - on - month), and the production profit of coal - made syngas EG was -627 yuan/ton (-29 yuan/ton month - on - month) [1]. - According to CCF data, the MEG inventory at the main ports in East China was 57.9 tons (+3.8 tons month - on - month), and according to Longzhong data, it was 49.3 tons (+5.0 tons month - on - month). The actual arrivals at the main ports last week were 10.5 tons, and port inventories continued to accumulate. This week, the planned arrivals at the main ports in East China are 5.3 tons and at the secondary ports are 6.3 tons, and inventories are expected to remain stable [1]. - On the supply side, the domestic ethylene glycol production load is operating at a high level, overseas supply losses are still significant, and there are still more than two sets of Saudi Arabian plants in a shutdown or low - load operation state with little expected change. On the demand side, due to high tariffs, the peak season is not prosperous, and the increase in polyester load is limited, but there is still rigid demand. The overall EG balance sheet faces significant inventory accumulation pressure in the fourth quarter, and ethylene glycol port inventories are expected to gradually rise [2]. Strategies - Unilateral: Cautiously short - sell on rallies for hedging. As ethylene glycol port inventories rise, there is significant pressure to accumulate inventory under high supply [3]. - Inter - period: Reverse spread of EG2601 - EG2605 [3]. - Inter - variety: None [3]. Summary by Directory Price and Basis - The report presents the ethylene glycol spot price in East China and its basis [1]. Production Profit and Operating Rate - It shows the production profits of ethylene - made EG, coal - made syngas EG, and other production methods, as well as the total load and syngas - made load of ethylene glycol [1][10][16]. International Price Difference - It provides the international price difference between US FOB and Chinese CFR for ethylene glycol [19]. Downstream Sales, Production, and Operating Rate - It includes the sales and production of filaments and staple fibers, as well as the operating rates of polyester, direct - spun filaments, polyester staple fibers, and polyester bottle chips [20][21][24]. Inventory Data - It shows the inventory data of ethylene glycol at ports in East China, including overall port inventories, inventories at specific ports like Zhangjiagang and Ningbo, and the raw material inventory days of Chinese polyester factories and the daily outbound volume at ports in East China [28][30][37].

Report Industry Investment Rating No relevant content provided. Core Views - The main port continues to accumulate inventory, and EG is under pressure. The EG main contract closed at 4003 yuan/ton, the EG spot price in the East China market was 4094 yuan/ton, and the EG East China spot basis was 72 yuan/ton. The production profit of ethylene - made EG was -64 US dollars/ton, and that of coal - made syngas EG was -599 yuan/ton. The MEG inventory in the East China main port was 57.9 tons according to CCF and 49.3 tons according to Longzhong, and the port inventory continued to accumulate. [1] - On the supply side, the domestic ethylene glycol load is operating at a high level, and there are still many losses in overseas ethylene glycol supply. On the demand side, due to high tariffs, there is no peak - season effect, and the increase in polyester load is limited, but there is still rigid demand. The EG balance sheet has a large inventory accumulation pressure in the fourth quarter, and the ethylene glycol port inventory is expected to gradually rise. [2] - For the strategy, for the single - side, it is advisable to cautiously short - sell and hedge at high prices. For the inter - period, conduct an inverse spread between EG2601 and EG2605. There is no strategy for the inter - variety. [3] Summary by Directory Price and Basis - The EG main contract closed at 4003 yuan/ton (unchanged from the previous trading day), and the EG spot price in the East China market was 4094 yuan/ton (down 2 yuan/ton from the previous trading day), with the EG East China spot basis (based on the 2509 contract) at 72 yuan/ton (down 2 yuan/ton month - on - month). [1] Production Profit and Operating Rate - The production profit of ethylene - made EG was -64 US dollars/ton (unchanged month - on - month), and that of coal - made syngas EG was -599 yuan/ton (down 54 yuan/ton month - on - month). [1] International Price Difference No specific data or analysis content provided. Downstream Production and Sales and Operating Rate - High tariffs lead to no peak - season effect, the increase in polyester load is limited, but there is still rigid demand. [2] Inventory Data - According to CCF data, the MEG inventory in the East China main port was 57.9 tons (up 3.8 tons month - on - month), and according to Longzhong data, it was 49.3 tons (up 5.0 tons month - on - month). The actual arrival at the main port last week was 10.5 tons, and the port inventory continued to accumulate. The planned arrival at the East China main port this week is 5.3 tons, and that at the secondary port is 6.3 tons, and the inventory is expected to remain stable. The ethylene glycol port inventory is expected to gradually rise in the fourth quarter. [1][2]

Report Industry Investment Rating No information provided. Core Views - The price of the main EG futures contract closed at 4,089 yuan/ton, up 32 yuan/ton or 0.79% from the previous trading day. The spot price in the East China market was 4,126 yuan/ton, up 4 yuan/ton or 0.10%. The spot basis in East China was 68 yuan/ton, up 3 yuan/ton [1]. - The production profit of ethylene - based EG was -$66/ton, up $1/ton, and that of coal - based syngas EG was -526 yuan/ton, down 52 yuan/ton [1]. - According to CCF data, the inventory at the main ports in East China was 54.1 tons, up 3.4 tons; according to Longzhong data, it was 49.3 tons, up 5.0 tons. The inventory continued to accumulate [1]. - On the supply side, domestic EG production is at a high level, and there are still many overseas supply losses. On the demand side, pre - holiday stocking has slightly boosted demand, but the increase in polyester load is limited. Under the new device production, there is great pressure for inventory accumulation in the fourth quarter, and the port inventory has bottomed out and rebounded [2]. Summary by Directory Price and Basis - The main EG futures contract closed at 4,089 yuan/ton, up 32 yuan/ton or 0.79% from the previous trading day. The spot price in the East China market was 4,126 yuan/ton, up 4 yuan/ton or 0.10%. The spot basis in East China was 68 yuan/ton, up 3 yuan/ton [1]. Production Profit and Operating Rate - The production profit of ethylene - based EG was -$66/ton, up $1/ton, and that of coal - based syngas EG was -526 yuan/ton, down 52 yuan/ton [1]. International Spread No specific data provided in the given text. Downstream Sales, Production and Operating Rate - Pre - holiday stocking has slightly boosted demand, but the increase in polyester load is limited. Attention should be paid to the sustainability of the demand recovery [2]. Inventory Data - According to CCF data, the inventory at the main ports in East China was 54.1 tons, up 3.4 tons; according to Longzhong data, it was 49.3 tons, up 5.0 tons. From October 9th to 12th, the actual arrival at the main ports was 8.7 tons, and the planned arrival this week was 10.2 tons at the main ports and 2.5 tons at the secondary ports. The inventory continued to accumulate [1]. Strategies - Unilateral: Cautiously short - sell on rallies for hedging. There is great pressure for inventory accumulation in the fourth quarter, and the port inventory has bottomed out and rebounded [3]. - Inter - period: Reverse spread of EG2601 - EG2605 [3]. - Inter - variety: None [3].

1. Report Industry Investment Rating The report does not explicitly mention an overall industry investment rating. However, for different energy and chemical products, the mid - term outlooks are provided, including "weak and volatile", "volatile", and "weak - trending with volatility". 2. Core Viewpoints of the Report - Coal price increases support the coal - chemical industry, while China's port fees on US - related vessels negatively impact US crude oil physicals. The contrast between strong coal and weak oil prices makes the hedging between coal - chemical and oil - chemical industries potentially valuable again [2][3]. - For coal - chemical products, PVC, methanol, and urea are considered for long - positions, with PVC potentially being more stable in terms of cost. For oil - chemical products, olefins are short - positions, and the new styrene production device may face challenges due to high inventory [3]. - Overall, the energy and chemical market still takes crude oil as a reference and is expected to continue its weak - trending with volatility [4]. 3. Summary by Relevant Catalogs 3.1 Market Situation and Outlook - **Crude Oil**: Macro - factors affect the rhythm, and the fundamentals are continuously under pressure. The EIA data shows that US crude oil inventories have accumulated, and refinery operating rates have declined. The global supply is in an increasing period, and there is pressure for accelerated crude oil inventory accumulation. The price is expected to be weak and volatile [10]. - **Asphalt**: The decline has slowed, and the asphalt futures price is expected to be volatile. The geopolitical premium of crude oil has declined, and the supply of asphalt has increased, with high inventory pressure. The absolute price of asphalt is over - valued [12]. - **High - Sulfur Fuel Oil**: The fuel oil futures price has entered a volatile mode. The reduction of geopolitical factors and the increase in supply have affected the price, and it is expected to be volatile [12]. - **Low - Sulfur Fuel Oil**: It follows the crude oil price and is volatile. It faces negative factors such as a decline in shipping demand and substitution, and is expected to maintain a low - valuation operation [14]. - **Methanol**: Slightly boosted by coal, it is in a wide - range volatile state. There is still value in going long at a low level, but the upside space is limited [25][26]. - **Urea**: The spot price is firm, but the futures price is under pressure. The supply - demand pattern is still supply - strong and demand - weak, and it is expected to be volatile [26][27]. - **Ethylene Glycol (EG)**: Supported by coal prices, it rebounds at a low level, but the supply - demand pattern is still under pressure. The inventory is increasing, and the price is expected to be weak and volatile [20][22]. - **PX**: The futures price stops falling and rebounds, but the increase is limited, and the profit is repaired month - on - month. It is expected to fluctuate with costs and macro - sentiment [15]. - **PTA**: New devices are about to be put into production, and the processing fee is under pressure. It is expected to follow the cost and be weak and volatile [15]. - **Short - Fiber**: Downstream speculative stocking promotes inventory reduction. The supply - demand is relatively healthy in the short term, and the processing fee is stable. It can consider long - short hedging operations [22]. - **Bottle Chip**: The improvement of the processing fee stimulates the moderate increase of production. The absolute price follows the upstream cost, and the profit has support at the bottom [23][24]. - **Propylene (PL)**: Affected by weak oil prices and macro - factors, it is weak and volatile [31]. - **PP**: Affected by weak oil prices, it continues to decline. The high inventory suppresses the price, and it is expected to be weak and volatile [30]. - **Plastic**: There is slight support near the previous low, and it is weak and volatile. The fundamental support is limited, and the upper - middle reaches have the intention to reduce inventory [29]. - **Styrene**: Affected by commodity sentiment and device news, it shows a "V" - shaped trend. The high inventory is the main pressure, and it is expected to try to widen the profit [19][20]. - **PVC**: With low valuation and weak expectations, it is volatile. The fundamentals are under pressure, and the cost is moving down, and it is expected to be weak [32]. - **Caustic Soda**: The spot price is stable, and the futures price is volatile. The short - term supply - demand has improved, but the upward driving force is insufficient [32][33]. 3.2 Variety Data Monitoring - **Inter - period Spread**: The report provides the inter - period spreads of various varieties such as Brent, Dubai, PX, PTA, etc., and their changes [34]. - **Basis and Warehouse Receipts**: It shows the basis, its changes, and the number of warehouse receipts for varieties like asphalt, high - sulfur fuel oil, low - sulfur fuel oil, etc. [35]. - **Inter - variety Spread**: The inter - variety spreads between different products such as PP - 3MA, TA - EG, etc., and their changes are presented [37].

Group 1 - The price of CF oil was 545.50 yuan/ton on 2025/10/17, down 0.64 from the previous day [1] - The price index of ethylene fiber in Northeast Asia was 786.00 yuan/ton on 2025/10/17, unchanged from the previous day [1] - The average ex - factory cost price of ethylene oxide in East China was 6150.00 yuan/ton on 2025/10/17, with a 0.00% change from the previous day [1] - The spot price of methanol was 2317.50 yuan/ton on 2025/10/17, with a 0.00% change from the previous day [1] - The pit - mouth price of lignite (tax - included) in Inner Mongolia (Q3500) was 290.00 yuan/ton on 2025/10/17, with a 0.00% change from the previous day [1] - The closing price of the main contract of GCED was 4089.00 yuan/ton on 2025/10/16, up 0.79% from the previous day [1] - The settlement price of the main contract of GCED was 4056.00 yuan/ton on 2025/10/16, up 0.20% from the previous day [1] - The closing price of the near - month contract of GCED was 4130.00 yuan/ton on 2025/10/16, up 0.73% from the previous day [1] - The settlement price of the near - month contract of GCED was 4092.00 yuan/ton on 2025/10/16, up 0.07% from the previous day [1] - The mid - price index of diethylene glycol in the East China market (CFEI) was 4110.00 yuan/ton on 2025/10/16, with a 0.00% change from the previous day, and the price was 4155.00 yuan/ton on the same day, up 0.85% from the previous day [1] - The near - far price difference was 36.00 yuan/ton on 2025/10/16, down from 41.00 yuan/ton the previous day [1] - The basis was 66.00 yuan/ton on 2025/10/16, up 3.00 from the previous day [1] - The comprehensive operating rate of diethylene glycol was 65.84% on 2025/10/16, unchanged from the previous day [1] - The operating rate of diethylene glycol from petroleum was 69.94% on 2025/10/16, unchanged from the previous day [1] - The operating rate of diethylene glycol from coal was 59.65% on 2025/10/16, unchanged from the previous day [1] - The load rate of the PTA industrial chain was 89.38% on 2025/10/16, unchanged from the previous day [1] - The load rate of the PTA industrial chain in Zhejiang textile was 69.13% on 2025/10/16, up 1.51% from the previous day [1] - The external market profit of diethylene glycol from naphtha was - 108.69 yuan/ton on 2025/10/15, up 9.38 from the previous day [1] - The external market cash - flow situation of diethylene glycol from ethylene was - 125.90 yuan/ton on 2025/10/15, unchanged from the previous day [1] - The post - tax gross profit of GME from OMT was - 1717.08 yuan/ton on 2025/10/16, down 17.46 from the previous day [1] - The post - tax gross profit of the coal - based synthetic gas plant was 94.69 yuan/ton on 2025/10/16, down 39.82 from the previous day [1] - The price index of polyester fiber (CFEI C YDT) was 8425.00 yuan/ton on 2025/10/16, down 0.30% from the previous day [1] - The price index of polyester staple fiber (CFEI C) was 6750.00 yuan/ton on 2025/10/16, down 0.74% from the previous day, and the price index of polyester fiber (CFEI C) for polyester ester was 6300.00 yuan/ton on the same day, up 0.16% from the previous day [1] - The price index of bottle - grade PET chips (CFEI) was 5650.00 yuan/ton on 2025/10/16, up 0.36% from the previous day [1]