20251210-建信期货-MEG日报_5页_1mb

Summary for MEG Daily Report (December 10, 2025)

Market Review and Operation Suggestions

• Ethylene glycol (MEG) futures主力合约EG2601 and EG2605 closed at 3691 and 3807 yuan/ton respectively, down 15 and 8 yuan from previous trading. Market liquidity decreased slightly with持仓量 reduction.
• Short-term outlook: Supply-demand balance weak, but increased maintenance and low valuation provide support. Expect MEG to remain in a low range with resistance and support around current levels.

Industry News

• Crude oil prices declined 2.00% (WTI) and 1.98% (Brent) due to Iraq resuming oil production (0.5% global supply) and Fed rate cut speculation.
• MEG spot market: ZHangjiang prices fell to 3674-3676 yuan/ton, with improved basis; Fujian market stable at 4300-4400 yuan/ton. Overall, prices are at low, with regional variations.

Data Overview

• Charts show MEG prices and spread fluctuating, with factor prices trending downward and downstream products exhibiting mixed price movements and inventory changes. Specific indices indicate minor shifts in PTA-MEG spread but stable medium-term outlook.