Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints of the Report - The market anticipates a general cooling of the geopolitical situation, with the cease - fire between Russia and Ukraine progressing gradually, causing oil prices to give back gains and continue weak operation. PX supply is recovering, and it is at an advantageous position in the industrial chain with stable bottom support. Whether PX benefits can continue to rise depends on unexpected factors. PTA is expected to move in a volatile manner, with cost being the dominant factor. Polyester bottle - chip supply is sufficient, and the market sentiment is cautious. PX, PTA, and PR are all expected to run in a volatile manner [2] Group 3: Summary by Related Catalogs Price Information - **Upstream**: On August 20, 2025, the futures settlement price of WTI crude oil was $62.71 per barrel, up 0.58%; Brent crude oil was $66.84 per barrel, up 1.60%. The spot price of naphtha (CFR Japan) was $575.50 per ton, up 0.17%. The spot price of xylene (isomeric grade, FOB Korea) was $679.00 per ton, up 0.37%. The spot price of PX (CFR China Main Port) was $837.00 per ton, up 0.22% [1] - **PTA**: The closing price of the CZCE TA main contract was 4,778 yuan per ton, up 0.93%, and the settlement price was 4,742 yuan per ton, down 0.08%. The domestic spot price of PTA was 4,689 yuan per ton, up 0.49%. The CCFEI price index of domestic PTA was 4,686 yuan per ton, down 0.09%, and the foreign price index was $624.00 per ton, up 0.16% [1] - **PX**: The closing price of the CZCE PX main contract was 6,844 yuan per ton, up 1.03%, and the settlement price was 6,782 yuan per ton, down 0.15%. The domestic spot price of PX remained unchanged at 6,654 yuan per ton. The PXN spread was $261.50 per ton, up 0.32%, and the PX - MX spread was $158.00 per ton, down 0.42% [1] - **PR**: The closing price of the CZCE PR main contract was 5,964 yuan per ton, up 0.98%, and the settlement price was 5,914 yuan per ton, down 0.03%. The mainstream market price of polyester bottle - chips in the East China market was 5,900 yuan per ton, down 0.34%, and in the South China market was 5,950 yuan per ton, up 0.17% [1] - **Downstream**: The CCFEI price index of polyester DTY remained unchanged at 8,650 yuan per ton, the price index of polyester POY was 7,100 yuan per ton, down 0.35%, and the price index of polyester FDY68D and FDY150D remained unchanged at 7,150 yuan per ton [2] Device Information - Ningbo Taihua's 1.5 - million - ton PTA device started maintenance on August 7, expected to last 2 months. Yisheng Dalian's 2.25 - million - ton PTA device started maintenance on August 8, expected to last 1 month. Yisheng Hainan's 2 - million - ton PTA device is planned for technical transformation from August 15 for 3 months [2] Production and Sales Situation - The operating rate of the PX in the polyester industrial chain, PTA factories, polyester factories, bottle - chip factories, and Jiangsu and Zhejiang looms all remained unchanged on August 20, 2025. The sales rate of polyester filament was 74.19%, up 23.15 percentage points; the sales rate of polyester staple fiber was 48.70%, down 4.34 percentage points; and the sales rate of polyester chips was 103.06%, up 17.01 percentage points [1] Trading Strategy - The TA2601 contract closed at 4,778 yuan per ton (up 0.67%) with a daily trading volume of 790,700 lots; the PX2601 contract closed at 6,844 yuan per ton (up 0.77%) with a daily trading volume of 308,800 lots; the PR2511 contract closed at 5,964 yuan per ton (up 0.81%) with a daily trading volume of 73,600 lots. PX, PTA, and PR are all expected to run in a volatile manner (PX view score: 1, PTA view score: 1, PR view score: 1) [2]

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the given content. 2. Core Viewpoints There is no clear core viewpoint presented in the provided content. It mainly shows various commodity prices, price changes, and industrial load rates. 3. Summary by Related Catalogs Commodity Prices and Changes - The current price of crude oil is $575.50 per ton on August 21, 2025, with a previous value of $574.50, a change of 0.1% [1]. - The price of the Northeast Asia ethylene price index is $831.00 per ton on August 21, 2025, with a previous value of $826.00, a change of 0.61% [1]. - The ex - factory price of ethylene oxide in the East China region is $6300.00 per ton on August 21, 2025, unchanged from the previous value [1]. - The price of methanol is $2275.00 per ton on August 21, 2025, unchanged from the previous value [1]. - The price of brown coal in Inner Mongolia is $290.00 per ton on August 20, 2025, unchanged from the previous value [1]. - The settlement price of the main contract of a certain commodity is $4452.00 per ton on August 20, 2025, with a previous value of $4363.00, a change of 2.04% [1]. - The settlement price of the nearby contract of a certain commodity is $4400.00 per ton on August 20, 2025, unchanged from the previous value [1]. - The price of ethylene glycol in the East China market is $4460.00 per ton on August 20, 2025, unchanged from the previous value [1]. - The price difference between the near - month and far - month contracts is $45.00 per ton on August 20, 2025, with a previous value of $44.00, a difference of -$89.00 [1]. - The price difference of another commodity is $38.00 per ton on August 20, 2025, with a previous value of $91.00, a difference of -$3.00 [1]. Industrial Load Rates - The plant load rate of the PTA industry is 83.0% on August 20, 2025, unchanged from the previous value [1]. - The load rate of textile machines in the Zhejiang and Jiangsu PTA industry is 57.80% on August 20, 2025, unchanged from the previous value [1]. Other Information - The external price of ethylene glycol made from naphtha is $903.8 per ton on August 19, 2025, with a previous value of $903.5, a difference of -$0.62 [1]. - The cash - flow situation shows a value of $111.9 on August 19, 2025, with a previous value of $114.9, a difference of -$3.00 [1]. - The post - tax gross profit of a certain coal - based synthesis gas method is $1425.38 per ton on August 20, 2025, with a previous value of $1422.83, a difference of -$2.55 [1]. - The price index of polyester fiber is $8650.00 per ton on August 20, 2025, unchanged from the previous value [1]. - The price index of polyester is $7100.00 per ton on August 20, 2025, with a previous value of $7125.00, a change of 0.3% [1]. - The price index of polyester staple fiber is $6490.00 per ton on August 20, 2025, unchanged from the previous value [1]. - The price index of bottle - grade chips is $5900.00 per ton on August 20, 2025, with a previous value of $5920.00, a change of 0.34% [1].

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints No information provided. 3) Summary by Related Catalog - **Commodity Prices and Changes** - The CFR price of naphtha in Asia on August 20, 2022, was $557 per ton, up 0.66% from the previous day [1]. - The ethylene price index in North America on August 20, 2022, remained unchanged at $826 per ton [1]. - The average ex - factory price of ethylene oxide in East China on August 20, 2022, was 6,300 yuan per ton, unchanged from the previous day [1]. - The settlement price of the main contract of a certain commodity on August 19, 2022, was $436.3 per ton, up 0.23% [1]. - The price of methanol in the East China market on August 19, 2022, was 4,440 yuan per ton, unchanged [1]. - The price of polyester staple fiber on August 19, 2022, was 6,495 yuan per ton, up 0.31% [1]. - **Production and Operation Conditions** - The comprehensive operating rate of coal - to - ethylene glycol on August 19, 2022, was 61.09%, up 1.27 percentage points from the previous day [1]. - The operating rate of the PTA industry chain on August 19, 2022, was 87.30%, unchanged [1]. - The operating rate of textile machinery in Zhejiang's PTA industry on August 19, 2022, was 80.57%, unchanged [1]. - **Profit Conditions** - The after - tax gross profit of a coal - based synthesis device on August 19, 2022, was 461.95 yuan per ton [1].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - No relevant content provided Group 3: Price Summary - Spot price of naphtha CFR Japan on 2025/8/7 was $571.00 per ton, down 1.81% from the previous value [1] - Ethylene price index in Northeast Asia on 2025/8/6 was $821.00 per ton, with no change [1] - Ex - factory average price of ethylene oxide in East China on 2025/8/8 was 6300.00 yuan per ton, unchanged [1] - Spot price of methanol MA on 2025/8/7 was 2387.50 yuan per ton, with no change [1] - Pit - mouth price of lignite in Inner Mongolia (Q3500) on 2025/8/7 was 290.00 yuan per ton, unchanged [1] - DCE EG main contract closing price on 2025/8/7 was 4396.00 yuan per ton, down 0.41% [1] - DCE EG main contract settlement price on 2025/8/7 was 4412.00 yuan per ton, up 0.02% [1] - DCE EG near - month contract closing price on 2025/8/7 was 4407.00 yuan per ton, unchanged [1] - DCE EG near - month contract settlement price on 2025/8/7 was 4407.00 yuan per ton, unchanged [1] - Market intermediate price of ethylene glycol in East China on 2025/8/7 was 4470.00 yuan per ton, unchanged [1] - CCFEI price index of ethylene glycol on 2025/8/7 was 4465.00 yuan per ton, down 0.56% [1] - Near - far month price difference on 2025/8/7 was - 5.00 yuan per ton, a change of - 1.00 [1] - Basis on 2025/8/7 was 69.00 yuan per ton, a change of - 7.00 [1] - CCFEI price index of polyester DTY on 2025/8/7 was 8600.00 yuan per ton, down 0.29% [1] - CCFEI price index of polyester POY on 2025/8/7 was 7150.00 yuan per ton, unchanged [1] - CCFEI price index of polyester staple fiber on 2025/8/7 was 6480.00 yuan per ton, down 0.15% [1] - CCFEI price index of bottle - grade chips on 2025/8/7 was 5940.00 yuan per ton, unchanged [1] Group 4: Operating Conditions Summary - The overall ethylene glycol operating rate on 2025/8/7 was 58.15%, down 1.39% [1] - The operating rate of petroleum - based ethylene glycol on 2025/8/7 was 59.39%, unchanged [1] - The operating rate of coal - based ethylene glycol on 2025/8/7 was 56.36%, down 3.40% [1] - PTA industrial chain load rate of polyester factories on 2025/8/7 was 87.09%, unchanged [1] - PTA industrial chain load rate of weaving machines in Zhejiang on 2025/8/7 was 57.83%, unchanged [1] Group 5: Cash Flow and Gross Margin Summary - External market naphtha - based ethylene glycol on 2025/8/6 had a value of - 96.02 dollars per ton, a change of - 4.54 [1] - External market ethylene - based ethylene glycol on 2025/8/6 was - 108.65 dollars per ton, a change of - 3.00 [1] - MTO - made MEG after - tax gross profit on 2025/8/7 was - 1531.01 yuan per ton, a change of - 7.05 [1] - Coal - based synthesis gas method after - tax device gross profit on 2025/8/7 was 559.29 yuan per ton, a decrease of 17.70 [1]

Group 1: Upstream Costs - Spot price of naphtha CFR Japan on 2025/8/1 was $604.00 per ton, down 1.15% from the previous value [1] - Ethylene price index in Northeast Asia on 2025/8/1 was $821.00 per ton, unchanged from the previous value [1] - Factory - average price of cycloethane in East China on 220//458 was 6300.00 yuan per ton, unchanged [1] - Spot price of methanol MA on 2025/8/1 was 2392.50 yuan per ton, unchanged [1] - Pit - mouth price of brown coal (tax - included) in Inner Mongolia (Q3500) on 2025/8/1 was 290.00 yuan per ton, unchanged [1] Group 2: Futures and Spot Prices - DCE EG主力合约 closing price on 2025/8/1 was 4405.00 yuan per ton, down 0.20% [1] - DCE EG主力合约 settlement price on 2025/8/1 was 4406.00 yuan per ton, down 0.59% [1] - DCE EG near - month contract closing price on 2025/8/1 was 4407.00 yuan per ton, up 0.89% [1] - DCE EG near - month contract settlement price on 2025/8/1 was 4407.00 yuan per ton, unchanged [1] - Market mid - price of ethylene glycol (MEG) in East China on 2025/8/1 was 4480.00 yuan per ton, down 0.22% [1] - CCFEI price index of ethylene glycol MEG domestic market on 2025/8/1 was 4480.00 yuan per ton, down 0.11% [1] - Near - far month price difference on 2025/8/1 was 1.00 yuan per ton, down 26.00 yuan [1] - Basis on 2025/8/1 was 75.00 yuan per ton, up 4.00 yuan [1] Group 3: Operating Conditions - Comprehensive ethylene glycol operating rate on 220//158 was 518.8%, up 0.68% [1] - Operating rate of petroleum - based ethylene glycol on 2025/8/1 was 59.42%, up 0.44% [1] - Operating rate of coal - based ethylene glycol on 2025/8/1 was 57.93%, up 1.04% [1] - PTA industrial chain polyester factory load rate on 2025/8/1 was 86.15%, down 0.13% [1] - PTA industrial chain Jiangsu and Zhejiang loom load rate on 2025/8/1 was 57.83%, unchanged [1] Group 4: Cash Flow and Polyester Prices - After - tax gross profit of MTO - made EG on 2025/8/1 was - 1545.27 yuan per ton, down 39.33 yuan [1] - After - tax gross profit of coal - synthetic gas method device on 2025/8/1 was 610.18 yuan per ton, down 8.85 yuan [1] - CCFEI price index of polyester DTY on 2025/8/1 was 8625.00 yuan per ton, unchanged [1] - CCFEI price index of polyester POY on 2025/8/1 was 7150.00 yuan per ton, unchanged [1] - CCFEI price index of polyester staple fiber on 220//158 was 6560.00 yuan per ton, down 0.53% [1] - CCFEI price index of bottle - grade chips on 2025/8/1 was 5950.00 yuan per ton, down 0.67% [1]

Industry Investment Rating - No information provided Core Viewpoints - No information provided Summary by Relevant Catalog Price Information - The current price of crude oil is $578.50 per ton, with a previous price of $580.50, a decrease of 0.34% [1] - The price of the Northeast Asia ethylene is $821.00 per ton, unchanged from the previous value [1] - The ex - factory price of ethylene oxide in the East China region is $640.00 per ton, unchanged from the previous value [1] - The settlement price of the main contract is $4469.00 per ton, with a previous price of $4529.00, an increase of 1.32% [1] - The market price of ethylene glycol in the East China region is $4580.00 per ton, unchanged from the previous value [1] - The price index of polyester is $8600.00 per ton, unchanged from the previous value; the price of polyester staple fiber is $6600.00 per ton; the price of bottle - grade chips is $6010.00 per ton, with a previous price of $6080.00, a decrease of 1.1% [1] Operating Rate and Load Rate - The operating rate of oil - based ethylene glycol is 58.98%; the operating rate of coal - based ethylene glycol is 94.94% [1] - The load rate of the PTA polyester industry factory is 86.66%, and the load rate of the weaving machine industry in the Jiangsu and Zhejiang PTA chain is 58.63% [1] Other Information - The external - market price of oil - based ethylene glycol is $832.1 per ton; the external - market price of ethylene - based ethylene glycol is $966.1 per ton [1] - The post - tax gross profit of coal - based synthesis gas method is $1594.03 per ton, with a previous value of $1687.46, a decrease of $93.43 [1]

Commodity Price Information - The current price of crude oil is $580.50 per ton, with a previous value of $576.13, showing an increase of 0.6% [1] - The price of the Northeast Asia ethylene price index remains unchanged at $821.00 per ton [1] - The ex - factory price of ethylene oxide in the East China region is $640.00 per ton, unchanged from the previous value [1] - The price of methanol is $2462.50 per ton, unchanged [1] - The含税 price of lignite in Inner Mongolia is $290.00 per ton, unchanged [1] - The settlement price of the main contract of a certain commodity is $4529.00 per ton, up 1.34% from the previous value; the closing price of the nearby contract is $4226.00 per ton [1] - The price index of domestic ethylene glycol in the inner market is $4580.00 per ton, up 0.88% from the previous value of $4540.00 [1] - The nearby - far month price difference is $303.00 per ton, with a change of -$60.00; the basis difference is $50.00 per ton, with a change of -$0.00 [1] Production and Operation Data - The operating rate of oil - based ethylene glycol production is 58.98%, and the operating rate of coal - based ethylene glycol production is 94.62% [1] - The load rate of the PTA industry chain is 80.18%, and the load rate of the textile machinery industry in the Zhejiang and Jiangsu PTA industry chain is 58.63% [1] External Market and Profit Data - The price of foreign - market oil - based ethylene glycol is $828.92 per ton [1] - The after - tax gross profit of a certain production method is $1687.46 per ton, with a change of -$46.31 compared to the previous value [1] Price Index Data - The price index of polyester is $8600.00 per ton, unchanged; the price index of polyester staple fiber is $6600.00 per ton, down 2.3% compared to the previous value of $6800.00; the price index of bottle - grade chips is $6080.00 per ton, up 1.2% compared to the previous value of $6005.00 [1] - The price of polyester is $7125.00 per ton, up 0.3% from the previous value of $7100.00 [1]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - No clear core viewpoints presented in the given content 3. Summary by Related Catalogs Commodity Prices - The price of crude oil on July 22, 2025, was $566.38 per ton, up 1.13% from the previous value [1] - The price of the Northeast Asia ethylene index was $821.00 per ton on July 22, 2025, with no change from the previous value [1] - The ex - factory price of ethylene oxide in East China was 640.00 yuan per ton on July 22, 2025, with no change from the previous value [1] - The price of the main contract of methanol futures on July 22, 2025, was 443.00 yuan per ton, up 0.9% from the previous settlement price [1] - The price of the near - month contract of methanol futures on July 22, 2025, was 422.60 yuan per ton, with no change [1] - The intermediate price of ethylene glycol in East China was 447.00 yuan per ton on July 22, 2025, with no change [1] Price Indexes - The price index of polyester was 8500.00 yuan per ton on July 22, 2025, with no change [1] - The price index of polyester chips was 6950.00 yuan per ton on July 22, 2025, with no change [1] - The price index of polyester staple fiber was 6800.00 yuan per ton on July 22, 2025, up 0.15% compared to a certain reference [1] - The price index of bottle - grade chips was 5990.00 yuan per ton on July 22, 2025, up 0.1% compared to a certain reference [1] Operating Conditions - The operating rate of oil - based ethylene glycol was 58.76% on July 22, 2025, with no change [1] - The operating rate of coal - based ethylene glycol was 30.30% on July 22, 2025 [1] - The load rate of the PTA industrial chain factory was 80.18% on a certain date, and that of the Jiangsu - Zhejiang PTA weaving machine industry was 58.02% on July 22, 2025 [1] Other Information - The price of foreign - market oil - based ethylene glycol was $92.03 per ton on a certain date [1] - The after - tax gross profit of a certain production method was 1631.02 yuan per ton on July 22, 2025 [1]

Group 1: Report Investment Rating - No information provided Group 2: Core Viewpoints - No information provided Group 3: Price and Cost Summary - Naphtha CFR Japan spot price on 2025/7/17 was $574.75 per ton, down 1.14% from the previous value [1] - Northeast Asia ethylene price on 2025/7/16 was $821.00 per ton, unchanged from the previous value [1] - Ethylene oxide ex - factory average price in East China on 2025/7/18 was 6450 yuan per ton, unchanged [1] - Methanol MA spot price on 2025/7/17 was 2377.50 yuan per ton, unchanged [1] - Tax - included lignite pit - mouth price in Inner Mongolia on 2025/7/17 was 290 yuan per ton, unchanged [1] Group 4: Futures and Spot Price Summary - DCE EG主力合约 closing price on 2025/7/17 was 4372 yuan per ton, up 0.48% [1] - DCE EG主力合约 settlement price on 2025/7/17 was 4367 yuan per ton, up 0.87% [1] - DCE EG near - month contract closing price on 2025/7/17 was 4226 yuan per ton, unchanged [1] - DCE EG near - month contract settlement price on 2025/7/17 was 4226 yuan per ton, unchanged [1] - Ethylene glycol market price in East China on 2025/7/17 was 4440 yuan per ton, unchanged [1] - CCFEI ethylene glycol internal price index on 2025/7/17 was 4440 yuan per ton, up 0.45% [1] - Near - far month price difference on 2025/7/17 was - 141 yuan per ton, down 34 yuan [1] Group 5: Operating Conditions and Load Rate Summary - Ethylene glycol comprehensive operating rate on 2025/7/17 was 56.46%, down 0.19% [1] - Petroleum - based ethylene glycol operating rate on 2025/7/17 was 58.73%, up 0.82% [1] - Coal - based ethylene glycol operating rate on 2025/7/17 was 53.17%, down 1.66% [1] - Polyester factory PTA industrial chain load rate on 2025/7/17 was 87.15%, unchanged [1] - Jiangsu and Zhejiang looms PTA industrial chain load rate on 2025/7/17 was 58.02%, down 1.10% [1] Group 6: Cash Flow and Price Index Summary - Naphtha - based ethylene glycol external cash flow on 2025/7/16 was - 103.92 dollars per ton, up 12.65 dollars [1] - Ethylene - based ethylene glycol external cash flow on 2025/7/16 was 116.65 dollars per ton, unchanged [1] - MTO - based MEG after - tax gross profit on 2025/7/17 was 1650.73 yuan per ton, down 19.34 yuan [1] - Coal - based synthesis gas method after - tax device gross profit on 2025/7/17 was 663.26 yuan per ton, up 28.76 yuan [1] - CCFEI polyester DTY price index on 2025/7/17 was 8500 yuan per ton, down 1.16% [1] - CCFEI polyester staple fiber price index on 2025/7/17 was 6605 yuan per ton, down 0.23% [1] - CCFEI polyester POY price index on 2025/7/17 was 6950 yuan per ton, down 1.42% [1] - CCFEI bottle - grade chip price index on 2025/7/17 was 5935 yuan per ton, up 0.17% [1] - Basis on 2025/7/17 was 68 yuan per ton, down 1 yuan [1]

Group 1: Report Industry Investment Rating - There is no information provided regarding the report industry investment rating in the given content. Group 2: Report's Core View - The price of ethylene glycol (MEG) has been fluctuating within a certain range, with the spot price reaching a high of 4,460 yuan/ton and the basis weakening towards the end of the session. The market sentiment has been somewhat boosted, and the trading volume of futures contracts has increased. However, the downstream polyester industry is still facing pressure, with a decline in the operating rate and a decrease in the demand for raw materials. The restart of some MEG production facilities has been delayed, which may affect the supply in the short term. Geopolitical conflicts may also have an impact on the local loading plans and the market sentiment. [2] Group 3: Summary by Relevant Catalogs Price Information - **Naphtha CFR Japan**: The price on July 17, 2025, was $574.75/ton, down 1.14% from the previous value. [1] - **Ethylene Northeast Asia**: The price on July 16, 2025, was $821.00/ton, remaining unchanged from the previous value. [1] - **Ethylene Oxide in East China**: The ex - factory average price on July 18, 2025, was 6,450 yuan/ton, remaining unchanged from the previous value. [1] - **Methanol MA**: The price on July 17, 2025, was 2,377.50 yuan/ton, remaining unchanged from the previous value. [1] - **Lignite in Inner Mongolia**: The pit - mouth price (tax - included) on July 17, 2025, was 290 yuan/ton, remaining unchanged from the previous value. [1] - **DCE EG Futures Contracts**: - The closing price of the main contract on July 17, 2025, was 4,372 yuan/ton, up 0.48% from the previous value. - The settlement price of the main contract on July 17, 2025, was 4,367 yuan/ton, up 0.87% from the previous value. - The closing price of the near - month contract on July 17, 2025, was 4,226 yuan/ton, remaining unchanged from the previous value. - The settlement price of the near - month contract on July 17, 2025, was 4,226 yuan/ton, remaining unchanged from the previous value. [1] - **Ethylene Glycol (MEG) in East China**: The market price (mid - price) on July 17, 2025, was 4,440 yuan/ton, remaining unchanged from the previous value. The CCFEI price index for MEG inner - market on July 17, 2025, was 4,440 yuan/ton, up 0.45% from the previous value. [1] - **Near - far Month Spread of MEG**: On July 17, 2025, it was - 141 yuan/ton, down from - 107 yuan/ton previously. [1] - **Comprehensive Operating Rate of MEG**: On July 17, 2025, it was 56.46%, down 0.19% from the previous value. [1] - **Operating Rate of Petroleum - based MEG**: On July 17, 2025, it was 58.73%, up 0.82% from the previous value. [1] - **Operating Rate of Coal - based MEG**: On July 17, 2025, it was 53.17%, down 1.66% from the previous value. [1] - **PTA Industrial Chain Load Rate**: - The load rate of polyester factories on July 17, 2025, was 87.15%, remaining unchanged from the previous value. - The load rate of Jiangsu and Zhejiang looms on July 17, 2025, was 58.02%, down 1.10% from the previous value. [1] - **Cash - flow Situation**: - The after - tax gross profit of MTO - based MEG on July 17, 2025, was 1,650.73 yuan/ton, down 19.34 yuan/ton from the previous value. - The after - tax gross profit of coal - based syngas method on July 17, 2025, was 663.26 yuan/ton, up 28.76 yuan/ton from the previous value. [1] - **Polyester Price Index**: - The CCFEI price index of polyester DTY on July 17, 2025, was 8,500 yuan/ton, down 1.16% from the previous value. - The CCFEI price index of polyester staple fiber on July 17, 2025, was 6,605 yuan/ton, down 0.23% from the previous value. - The CCFEI price index of polyester POY on July 17, 2025, was 6,950 yuan/ton, down 1.42% from the previous value. - The CCFEI price index of bottle - grade chips on July 17, 2025, was 5,935 yuan/ton, up 0.17% from the previous value. [1] - **Basis of MEG**: On July 17, 2025, it was 68 yuan/ton, down 1 yuan/ton from the previous value. [1] Important Information - A 150,000 - ton/year syngas - based ethylene glycol production facility in Xinjiang has been facing difficulties in restarting recently. [2] - The price of ethylene glycol has been fluctuating within a certain range, with the spot price reaching a high of 4,460 yuan/ton. The basis of the spot price has weakened towards the end of the session. The negotiation price of some cargoes is around $515 - 520/ton, and some cargoes are traded at around $53/ton. [2] - The trading volume of ethylene glycol futures has increased, and the market sentiment has been somewhat boosted. The downstream polyester industry is still facing pressure, with a decline in the operating rate and a decrease in the demand for raw materials. [2] - Geopolitical conflicts may affect the local loading plans and the market sentiment. [2]