Report Industry Investment Rating - No information provided Core View of the Report - The market trend is generally stable, but there are fluctuations in different sectors. The supply and demand relationship is complex, with some products showing weak demand and wide supply gaps. Investment decisions should be made carefully, considering factors such as market trends, product prices, and enterprise operations [2] Summary by Relevant Catalog - **Market Conditions**: The market shows a mixed trend, with some products experiencing price declines and others remaining stable. The trading volume and price of some products are affected by factors such as supply and demand, seasonality, and policy [1][2] - **Product Prices**: The prices of various products, including polyester, ethylene glycol, and other chemicals, fluctuate. For example, the price of ethylene glycol is affected by factors such as raw material costs, production capacity, and market demand [1][2] - **Enterprise Operations**: Enterprises face challenges such as supply and demand imbalances, cost pressures, and market competition. Some enterprises adjust their production plans and marketing strategies according to market conditions [2] - **Investment Suggestions**: Investors are advised to make decisions carefully, considering factors such as market trends, product prices, and enterprise operations. They should also pay attention to risks such as market fluctuations and policy changes [2]

Group 1: Product Price Information - The CFR price of naphtha in the East Asia region was $555.57 per ton on September 23, 2022, up 0.19% from the previous day [1] - The price of ethylene in North America was $851.00 per ton on September 23, 2022, down 0.9% from the previous day [1] - The average ex - factory price of ethylene oxide in the East China region was 6,300 yuan per ton on September 23, 2022, unchanged from the previous day [1] - The spot price of methanol was 220 yuan per ton on September 23, 2022, unchanged from the previous day [1] - The含税 price of lignite in Inner Mongolia was 290 yuan per ton on September 23, 2022, unchanged from the previous day [1] - The settlement price of the main contract was 4,290 yuan per ton on September 23, 2022, up 0.23% from the previous day [1] - The settlement price of the near - month contract was 4,338 yuan per ton on September 23, 2022, unchanged from the previous day [1] - The price difference between the near - and far - month contracts was 9 yuan per ton on September 23, 2022 [1] - The basis was 88 yuan per ton on September 23, 2022 [1] Group 2: Cost and Production Information - The comprehensive cost of ethylene glycol was 62.20% on September 22, 2022, unchanged from the previous day [1] - The cost of ethylene glycol produced from naphtha was 60.00% on September 22, 2022, unchanged from the previous day [1] - The operating rate of coal - based ethylene glycol production was 58.14% on September 22, 2022, unchanged from the previous day [1] - The industrial load rate of PTA plants was 89.00% on September 22, 2022, unchanged from the previous day [1] - The load rate of textile machinery in Zhejiang's PTA industry was 66.57% on September 22, 2022, unchanged from the previous day [1] Group 3: Profit and Cash Flow Information - The after - tax gross profit of ethylene glycol produced from naphtha was $149.2 per ton on September 22, 2022 [1] - The after - tax gross profit of the coal synthesis plant was 366.81 yuan per ton on September 22, 2022 [1] - The price index of polyester was 820 yuan per ton on September 22, 2022, down 0.29% from the previous day [1] - The price index of polyester esters was 695 yuan per ton on September 22, 2022, up 0.72% from the previous day [1] - The price index of polyester staple fiber was 644 yuan per ton on September 22, 2022, up 0.39% from the previous day [1] - The price index of bottle - grade chips was 60 yuan per ton on September 22, 2022, up 0.52% from the previous day [1]

Group 1: Price Changes - The price of crude oil on September 18, 2025, was $608.88 per ton, up $0.66 or 0.11% from the previous day [1] - The price of ethylene in Northeast Asia on September 18, 2025, was unchanged at $851 per ton [1] - The ex - factory price of ethylene oxide in East China on September 18, 2025, was $6300 per ton, up $50 or 0.8% [1] - The settlement price of the main contract of coal was $4289 per ton on September 17, 2025, down 0.21% [1] - The price of ethylene glycol in the domestic market on September 17, 2025, was $4380 per ton, unchanged [1] Group 2: Production and Operation - The operating rate of polyester factories was 88.88% on September 1, 2025, and that of textile machines in the Jiangsu - Zhejiang region was 65.54% on September 17, 2025 [1] - The operating rate of oil - based ethylene glycol was 65% on September 17, 2025, and that of coal - based ethylene glycol was 8.14% [1] Group 3: Other Indicators - The price index of polyester was $8550 per ton on September 17, 2025, unchanged; the price index of polyester staple fiber was $640 per ton on September 1, 2025, unchanged [1] - The external price of oil - based ethylene glycol was $124.91 per ton on September 16, 2025, down $6.17 from the previous price [1]

Core Insights - The company has been evolving and optimizing its industry for decades, with a strong presence in the Chinese market for over 30 years, marking a journey of growth alongside the local textile and apparel industry [1][2] Group 1: Company Strategy and Market Position - The company emphasizes the importance of local partnerships and innovation in enhancing supply chain capabilities and market growth, particularly in the context of global trade tensions and macroeconomic uncertainties [1] - The company is expanding its investment in China, with a new spandex factory set to be launched, highlighting its long-term confidence in the market [2] - The advanced textile innovation center in Foshan, Guangdong, serves as a strategic hub for the Asia-Pacific region, providing technical support to clients in China, Vietnam, and South Korea [2] Group 2: Sustainability and Future Outlook - The company is focusing on health, environmental protection, and sustainability as key industry themes, emphasizing the importance of product durability in achieving sustainable development [3] - The company is promoting the large-scale production of bio-based materials in the spandex sector and is implementing recycling technologies in the polyester field to create a closed-loop supply chain [3] - The company's long-term investment and deep-rooted presence in the Chinese market position it well to seize future development opportunities [3]

Group 1: Product Price Information - Crude oil price on September 12, 2025, was $604.00 per ton, up 0.12% from the previous value of $603.25 [1] - Northeast Asia ethylene price on September 12, 2025, was $841.00 per ton, unchanged from the previous value [1] - East China ethylene oxide ex - factory price on September 12, 2025, was $6300.00 per ton, unchanged from the previous value [1] - Inner Mongolia brown coal (tax - included) price on September 11, 2025, was $290.00 per ton, unchanged from the previous value [1] -主力合约结算价 on September 11, 2025, was $4306.00 per ton, up 0.32% from the previous value [1] - Near - month contract closing price on September 11, 2025, was $4408.00 per ton, up 0.92% from the previous value [1] - Inner - market ethylene glycol price on September 11, 2025, was $4440.00 per ton, unchanged from the previous value [1] - Near - far month price difference on September 11, 2025, was $102.00 per ton, up from the previous $23.00 per ton [1] - Ethylene glycol comprehensive price difference on September 11, 2025, was $103.00 per ton, down from the previous $116.00 per ton [1] - Dacron price index on September 11, 2025, was $8600.00 per ton, up 0.8% from the previous value [1] - Polyester price on September 11, 2025, was $7000.00 per ton, up 1.06% from the previous value [1] - Polyester staple fiber price on September 11, 2025, was $640.00 per ton, unchanged from the previous value [1] - Bottle - grade chip price index on September 11, 2025, was $5830.00 per ton, up 0.1% from the previous value [1] Group 2: Production and Operation Information - Ethylene glycol production capacity utilization rate of oil - based production on September 11, 2025, was 62.95%, up from the previous 62.56% [1] - Ethylene glycol production capacity utilization rate of coal - based production on September 11, 2025, was 88.81%, down from the previous 90.24% [1] - PTA industry factory load rate on September 11, 2025, was 88.28%, unchanged from the previous value [1] - Jiangsu and Zhejiang PTA textile machine industry load rate on September 11, 2025, was 65.54%, up from the previous 64.56% [1] - After - tax gross profit of coal - based synthesis gas method on September 11, 2025, was $1444.79 per ton, down from the previous $1410.21 per ton [1]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report The market shows complex trends with various factors influencing supply, demand, and prices. For example, some products' prices are fluctuating, and the supply - demand relationship is affected by factors such as production capacity, maintenance, and market sentiment. There are also investment suggestions based on the current market situation, but the overall market remains volatile and uncertain [1][2]. 3) Summary by Relevant Catalogs Market Price and Quantity - There are a series of price data for different products such as polyester, ethylene, and methanol, with values like - 1253.69, 6300.00, etc., and price changes including - 2.92%, 24.00% [1]. - The quantity data is mainly presented in tons, and there are also some percentage - based data related to production rates and other indicators [1]. Market Supply and Demand - Supply is affected by factors like production capacity, maintenance, and transportation. For example, some production facilities are under maintenance, which may reduce the supply [2]. - Demand is influenced by market sentiment, end - user needs, and economic trends. There are signs of low - level demand in some sectors, while in others, demand is expected to increase gradually [2]. Market Trends and Forecast - The market is in a state of shock and volatility. Some product prices are expected to fall, while others may rise or remain stable [2]. - Forecasts are based on factors such as macro - economic conditions, industry policies, and company operations. For example, some companies' operations may be affected by production losses and supply shortages [2]. Investment Suggestions - There are investment suggestions based on the market situation, but it is emphasized that risks should be carefully considered due to the market's uncertainty [2].

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - No clear core view can be extracted from the provided data, which mainly consists of price and rate information. 3. Summary by Related Catalog Price Information - The middle - price of North Asian CFR ethylene is $594.5 per ton on September 5, 2025, up 2.0% from the previous value [1]. - The upstream cost shows that the price of CFR ethylene in North Asia is $594.5 per ton on September 5, 2025, with a 2.0% increase [1]. - The ex - factory price of ethylene oxide in East China is 6,300 yuan per ton on September 5, 2025, unchanged from the previous value [1]. - The main contract closing price of CG is 4,357 yuan per ton on September 4, 2025, up 0.60% [1]. - The settlement price of the main contract of CG is 4,344 yuan per ton on September 4, 2025, up 0.02% [1]. - The closing price of the near - month contract of CG is 4,343 yuan per ton on September 4, 2025, up 0.12% [1]. - The settlement price of the near - month contract of CG is 4,349 yuan per ton on September 4, 2025, up 0.62% [1]. - The market middle - price of ethylene glycol in East China is 4,430 yuan per ton on September 4, 2025, unchanged [1]. - The price of ethylene glycol index is 4,475 yuan per ton on September 4, 2025, up 1.24% [1]. - The price difference between near and far months is 5 yuan per ton on September 4, 2025, with a basis difference of - 26 yuan per ton [1]. - The comprehensive price of ethylene glycol is 118 yuan per ton on September 4, 2025, up 529 yuan compared to 89 yuan previously [1]. Operating Rate and Load Rate - The operating rate of oil - based ethylene glycol is 62.66% on September 4, 2025 [1]. - The operating rate of coal - based ethylene glycol is 96.60% on September 4, 2025 [1]. - The industrial chain load rate of PTA factories is 88.16% on September 4, 2025 [1]. - The industrial chain load rate of Jiangsu and Zhejiang looms is 64.66% on September 4, 2025 [1]. External Market and Gross Margin - The price of external - market oil - based ethylene glycol is $1,119 per ton on September 3, 2025 [1]. - The after - tax gross margin of a certain coal - based unit is 1,341 yuan per ton on September 4, 2025 [1]. Price Index - The price index of polyester is 8,750 yuan per ton on September 4, 2025, unchanged [1]. - The price of polyester ester is 1,200 yuan per ton on September 4, 2025, unchanged [1]. - The price index of polyester staple fiber is 6,460 yuan per ton on September 4, 2025, down 0.77% compared to 6,510 yuan previously [1]. - The price index of bottle - grade chips is 90 yuan per ton on September 4, 2025, up 1.19% compared to 86 yuan previously [1].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View No information provided. 3. Summary by Relevant Catalog Price Information - Crude oil price (CFR, Northeast Asia, US dollars/ton): On September 4, 2025, it was $605.00, with no change compared to the previous value [1]. - Ethylene price index (Northeast Asia, US dollars/ton): On September 4, 2025, it was $605.00, with no change compared to the previous value [1]. - Upstream cost (northeast Asia, US dollars/ton): On September 2, 2025, it was $841.00, with no change compared to the previous value [1]. - Epoxyethane ex - factory price (East China region, RMB/ton): On September 4, 2025, it was 6,300.00, with no change compared to the previous value [1]. - Methanol spot price (East China region, RMB/ton): On September 3, 2025, it was 2,230.00, with no change compared to the previous value [1]. - Inner Mongolia brown coal price (tax - included, RMB/ton): On September 3, 2025, it was 290.00, with no change compared to the previous value [1]. - Main contract closing price (RMB/ton): On September 3, 2025, the main contract closing price was 4,331.00, a 0.18% increase compared to the previous value; the settlement price was 4,340.00, a 0.84% decrease compared to the previous settlement price; the nearby - month contract closing price was 4,338.00, a 0.23% increase compared to the previous value; the settlement price was 4,376.00, a 0.14% decrease compared to the previous value [1]. - Ethanol market price (East China region, RMB/ton): On September 3, 2025, it was 4,430.00, a 0.89% increase compared to the previous value [1]. - Ethanol price index (East China region, RMB/ton): On September 3, 2025, it was 4,420.00, a 0.11% increase compared to the previous value [1]. - Near - far price difference (RMB/ton): On September 3, 2025, it was 31.00, with no change compared to the previous value [1]. - Comprehensive ethanol price: On September 3, 2025, it was 89.00, a 3.00% increase compared to the previous value [1]. Production and Operation Information - Production chain load rate of polyester (PTA factory): On September 3, 2025, it was 87.99%, with no change compared to the previous value [1]. - Production chain load rate of Jiangsu and Zhejiang looms (PTA): On September 3, 2025, it was 62.03%, with no change compared to the previous value [1]. Cost and Profit Information - After - tax gross profit of coal - based methanol plant (RMB/ton): On September 3, 2025, it was 138.01, a decrease compared to the previous value [1]. Product Price Index Information - Polyester price index (RMB/ton): On September 3, 2025, it was 8,750.00, with no change compared to the previous value [1]. - Polyester ester price: On September 3, 2025, it was 1,200, with no change compared to the previous value [1]. - Polyester staple fiber price index (RMB/ton): On September 3, 2025, it was 6,510.00, a 0.1% increase compared to the previous value [1]. - Bottle - grade chip price index (RMB/ton): On September 3, 2025, it was 860.00, a 0.34% increase compared to the previous value [1].

Report Industry Investment Rating - No relevant content found Core Viewpoints - The market is volatile with some products showing price fluctuations, such as a decline of -1255.66 and -1253.69 in certain values, and price changes like -5.67% and 17.00% in percentages [1]. - The trading atmosphere is relatively dull, and the demand and supply situation is complex, with factors like low demand and weak supply in some sectors affecting the market [2]. - The performance of companies is affected by various factors, including external market environment, internal operation and management, and resource allocation [2]. Summary by Related Catalog - **Price and Value Information** - There are specific price and value data for different products and regions, such as values of -93.21, 69.00, etc., and prices in yuan/ton for various items like ethylene glycol [1]. - Price changes are also presented, for example, a decline of -5.67% and an increase of 17.00% [1]. - **Market and Trading Conditions** - The market is described as dull, with less trading activity and a lack of enthusiasm [2]. - The demand is weak in some sectors, and the supply situation is also uneven, which impacts the overall market trend [2]. - **Company and Operation Information** - Companies' operations are affected by factors such as market competition, resource availability, and management decisions [2]. - There are issues like low - efficiency operations and challenges in resource allocation for some companies [2].

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - No clear core view expressed in the given content 3. Summary by Related Catalog Commodity Prices - The current price of crude oil is $596.25 per ton, with a previous value of $597.38, a decrease of 0.19% [1] - The price of the Northeast Asia ethylene price index is $841.00 per ton, with a previous value of $843.00, a decrease of 0.24% [1] - The ex - factory price of ethylene oxide in the East China region is $6300.00 per ton, unchanged from the previous value [1] - The price of methanol is $2222.50 per ton, unchanged from the previous value [1] - The含税 price of lignite in Inner Mongolia is $290.00 per ton, unchanged from the previous value [1] - The closing price of the main contract is $4420.00 per ton, with a previous value of $4466.00, a decrease of 0.87% [1] - The settlement price of the main contract is $4438.00 per ton, with a previous value of $4470.00, a decrease of 0.2% [1] - The closing price of the near - month contract is $4392.00 per ton, with a previous value of $4429.00, a decrease of 0.84% [1] - The settlement price of the near - month contract is $4414.00 per ton, with a previous value of $4429.00, a decrease of 0.34% [1] - The market price of ethylene glycol in the East China region is $4540.00 per ton, unchanged from the previous value [1] - The price difference between the near - month and far - month contracts is $24.00 per ton, with a previous value of $41.00, a decrease of $17.00 [1] - The comprehensive price of ethylene glycol is $62.03, unchanged from the previous value [1] - The price of oil - based ethylene glycol is $62.56, unchanged from the previous value [1] - The price of coal - based ethylene glycol is $61.26, unchanged from the previous value [1] - The external market price of oil - based ethylene glycol is $988.88 per ton, with a previous value of $993.21, a decrease of $4.33 [1] - The external market price of ethylene vinyl is $114.6 per ton, with a previous value of $119.55, a decrease of $4.95 [1] - The post - tax gross profit of the coal - based synthesis gas method is $1253.69 per ton, with a previous value of $1255.66, a decrease of $1.97 [1] - The price index of polyester is $8750.00 per ton, unchanged from the previous value [1] - The price index of polyester chips is $7125.00 per ton, unchanged from the previous value [1] - The price index of polyester staple fiber is $640.00 per ton, unchanged from the previous value [1] - The price index of bottle - grade chips is $5890.00 per ton, with a previous value of $5860.00, an increase of 0.1% [1] Industrial Load Rates - The load rate of the polyester industry (PTA factory) is 89.98%, with a previous value of 81.57%, an increase of 8.41% [1] - The load rate of the textile machine industry in the Jiangsu and Zhejiang PTA chain is 62.03%, unchanged from the previous value [1]