Core Logic: The impact of frequent geopolitical changes has weakened, and expectations for loose supply in the long term persist.
| Product | Date: 2026/10/30 | Date: 2026/11/2 | Change | % Change | Unit |
|---|---|---|---|---|---|
| Crude Oil | ICE Brent | 117.64 | 104.77 | -12.87 | -12.28% |
| NYMEX WTI | 104.12 | 96.46 | -7.66 | -7.94% | |
| China INE | 727.60 | 745.20 | 17.60 | 2.36% | |
| MX | CFR China | 1284 | 1239 | -44.50 | -3.59% |
| PX | CFR China | 1378.33 | 1323.00 | -55.33 | -4.18% |
| MEG Spot | MEG USD | 720 | 720 | 0.00 | 0.00% |
| Domestic | 5890 | 5800 | -90.00 | -1.55% | |
| PTA Price | PTA USD | 967 | 962 | -5.00 | -0.52% |
| PTA Spot | 7195 | 7155 | -40.00 | -0.56% | |
| PTA Processing Spread | 209 | 448 | 239.65 | 53.44% | |
| Polyester | Semi-dull Chip | 8555 | 8530 | -25.00 | -0.29% |
| PET Bottle Grade Resin | 9050 | 9000 | -50.00 | -0.56% | |
| Direct Spun Semi-dull POY 150D/48F | 9325 | 9350 | 25.00 | 0.27% | |
| Direct Spun Semi-dull FDY 150D/96F | 9400 | 9450 | 50.00 | 0.53% | |
| DTY 150D/48F Low Elasticity | 10400 | 10400 | 0.00 | 0.00% | |
| 1.4 Direct Spun Staple Fiber | 9065 | 9035 | -30.00 | -0.33% | |
| Capacity Utilization | PX | 86.02% | 86.02% | 0.00% | 0.00% |
| PTA | 74.06% | 68.44% | -5.62% | -8.21% | |
| MEG | 63.11% | 63.37% | 0.26% | 0.41% | |
| Polyester | 74.06% | 74.31% | 0.25% | 0.34% | |
| Weaving | 51.38% | 51.38% | 0.00% | 0.00% |
Note: Weaving operating rate data is updated every Thursday.
| Data Type | Nov 2 | Oct 30 | Change Rate | Trend |
|---|---|---|---|---|
| MEG Shipments | 4,020 | 5,200 | -22.69% | ↘ |
| MEG Operating Rate | 63.37% | 63.11% | 0.26% | ↗ |
| MEG Port Inventory | 14 | 11.7 | 19.66% | ↗ |
| Polyester Operating Rate | 74.31% | 74.06% | 0.25% | ↗ |
| Polyamide Filament Sales Ratio | 35.80% | 34.00% | 1.80% | ↗ |
Note: Shipment data reflects figures from the previous working day.
With geopolitical tensions easing and crude oil prices dropping significantly, the cost premium for ethylene glycol (MEG) is expected to revert. A notable downward trend is anticipated in the domestic market today. The reference price range for spot self-pickup in East China today is estimated at 5,400–5,500 CNY/ton.
| Data Type | Release Date | Previous Period Data | Expected Trend This Period |
|---|---|---|---|
| MEG Port Inventory | Mon & Thu, 11:00 AM | 14 | ↗ |
| MEG Production | Thu, 16:00 PM | 41.06 | ↘ |
| Polyester Production | Thu, 16:00 PM | 136.42 | ↗ |
| Jiangsu/Zhejiang Weaving Operating Rate | Thu, 16:00 AM | 51.38% | ↘ |
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