Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - A-shares continued to rise strongly with ample market liquidity, and the margin balance returned above 2 trillion yuan for the first time in a decade, with the margin trading balance reaching a new high since July 1, 2015. The current stock index valuation is still supported, and it is advisable to buy stock indices opportunistically [5][6] 3. Summary by Relevant Catalogs Money and Bond Market - DROO1 closed at 1.32 with a 0.10 bp increase, DR007 at 1.46 with a 1.12 bp increase, GC001 at 1.50 with a 4.50 bp decrease, and GC007 at 1.49 with a 0.50 bp increase [4] - SHBOR 3M closed at 1.56 with a 0.10 bp increase, LPR 5-year at 3.50 with no change, 1-year treasury bond at 1.37 with a 0.52 bp decrease, 5-year treasury bond at 1.56 with a 0.97 bp decrease, 10-year treasury bond at 1.70 with a 0.40 bp decrease, and 10-year US treasury bond at 4.22 with no change [4] - The central bank conducted 138.5 billion yuan of 7-day reverse repurchase operations, with 309 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 170.5 billion yuan. This week, 1.6632 trillion yuan of reverse repurchases will mature, with 495.8 billion, 449.2 billion, 309 billion, 283.2 billion, and 126 billion maturing from Monday to Friday respectively [4] - In July, the SLF had a net withdrawal of 300 million yuan, MLF a net injection of 10 billion yuan, PSL a net withdrawal of 23 billion yuan, short-term reverse repurchase a net injection of 18.8 billion yuan, and outright reverse repurchase a net injection of 20 billion yuan. No open market treasury bond transactions were conducted in July [4] Stock Market - The CSI 300 closed at 4113 with a 0.24% increase, SSE 50 at 2797 with a 0.24% increase, CSI 500 at 6357 with a 0.86% increase, and CSI 1000 at 6861 with a 1.09% increase [5] - The trading volume of the Shanghai and Shenzhen stock markets reached 1.7341 trillion yuan, an increase of 138 billion yuan from the previous day. Most industry sectors rose, with the shipbuilding sector rising significantly, and the rubber products, motor, aerospace, gaming, general equipment, and auto parts sectors leading the gains, while the traditional Chinese medicine, pharmaceutical commerce, and chemical pharmaceutical sectors led the losses [5] - IF volume was 73,908 with an 8.2% decrease, and open interest was 253,006 with a 1.0% decrease; IH volume was 36,686 with a 9.9% decrease, and open interest was 91,160 with a 1.7% decrease; IC volume was 72,137 with a 9.5% increase, and open interest was 219,342 with a 2.0% increase; IM volume was 176,382 with a 13.6% increase, and open interest was 341,310 with a 3.4% increase [5] Futures Premium and Discount Situation - Premium and discount rates for different contracts of IF, IH, IC, and IM are presented, with specific values for the current month, next month, current quarter, and next quarter contracts [7]

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The PTA market saw price increases due to a rebound in the crude oil market and production cuts at some PTA plants, but the spot basis weakened due to continuous shipments from major suppliers. The ethylene glycol market maintained a strong - side oscillation, with spot prices rising slightly and the basis negotiation strengthening. The polyester market faced a complex situation, with factors such as changes in raw material prices, production and sales rates, and inventory levels affecting the market [2]. 3. Summary by Related Catalogs Market Data - **Crude Oil**: INE crude oil price dropped from 508.8 yuan/barrel on August 5, 2025, to 505.9 yuan/barrel on August 6, 2025, a decrease of 2.90 yuan/barrel [2]. - **PTA**: PTA - SC spread increased from 984.5 yuan/ton to 1047.6 yuan/ton, PTA/SC ratio rose from 1.2663 to 1.2849. PTA主力期价 increased from 4682 yuan/ton to 4724 yuan/ton, and the spot price rose from 4660 yuan/ton to 4680 yuan/ton. The spot processing fee increased from 144.6 yuan/ton to 160.0 yuan/ton, and the disk processing fee rose from 161.6 yuan/ton to 174.0 yuan/ton [2]. - **PX**: CFR China PX price increased from 839 to 844, and the PX - naphtha spread increased from 254 to 260 [2]. - **MEG**: MEG主力期价 increased from 4399 yuan/ton to 4414 yuan/ton, MEG - naphtha spread increased from - 101.04 yuan/ton to - 97.23 yuan/ton, and MEG internal market price rose from 4463 to 4491 [2]. Industry Chain Start - up Situation - PX start - up rate remained at 78.11%, PTA start - up rate decreased from 78.04% to 77.49%, MEG start - up rate increased from 58.81% to 59.54%, and polyester load remained at 87.09% [2]. Polyester Product Data - **Polyester Filament**: POY150D/48F, FDY150D/96F, and DTY150D/48F prices remained unchanged. POY, FDY, and DTY cash flows decreased by 27.0. The long - filament production and sales rate increased from 37% to 52% [2]. - **Polyester Staple Fiber**: 1.4D direct - spinning polyester staple fiber price decreased from 6550 to 6535, the staple - fiber cash flow decreased from 171 to 129, and the short - fiber production and sales rate increased from 47% to 68% [2]. - **Polyester Chip**: Semi - bright chip price increased from 5780 to 5795, the chip cash flow decreased from - 49 to - 61, and the chip production and sales rate increased from 73% to 87% [2]. Device Maintenance - A 720 - million - ton PTA device of a supplier in East China reduced its load to 80 - 90% last night, and the recovery time depends on raw material logistics [2].

投资咨询业务资格:证监许可【2012】31号 | 直纺短纤负荷(周) 92. 30% 93.00% (0. 01) 涤纶短纤产销 24. 00% 47. 00% 71.00% 涤纱开机率(周) 66. 00% 65. 00% (0. 01) 再生棉型负荷指数(周) 51. 50% 46. 00% (0. 06) 涤纶短纤与纯涤纱价格 涤纶短纤现金流 10000 14000 10000 1800 (探偵) 太原始第 (零收) 配日员(左特) T325纯涤纱价格 条短现金流 ■ 1.4D直红杀短 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 10000 200 5000 4000 4000 -200 9000 - 3000 2025-01-01 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2021-01-01 2022-01-01 2023-01-01 2024-01-01 202 5-01-01 涤棉纱65/35 45S价格与利润 中空短纤价格与现金流 1000 ...

Report Summary 1. Investment Rating - No investment rating provided in the report. 2. Core Viewpoints - On August 6, the main contract of Shanghai gold futures closed down 0.08% to 783.68 yuan/gram, and the main contract of Shanghai silver futures closed up 1.19% to 9,182 yuan/kg [3]. - The US July non - farm payrolls report shows that the US labor market has been cooling since April and may weaken further. Fed officials' statements on approaching interest - rate cuts, Trump's political actions, and new tariffs, along with poor US economic data, have increased the probability of an August Fed rate cut to 90%, supporting precious metal prices. However, the continuous rise of risk assets like stocks and high risk appetite have made the domestic gold price weaker than the overseas price recently. Looking ahead, the extensive cooling of the US labor market and the implementation of tariffs may support the gold price to continue its strong performance, and it is recommended to hold long positions. For silver, it may run strongly in the short - term due to high market risk appetite, but in the medium - term, the focus should be on fundamentals, and caution is needed for the upside space [3]. - In the long - term, there is still a certain probability of Fed rate cuts this year. With continuous global geopolitical uncertainties, intensified great - power games, and the wave of de - dollarization, central bank gold purchases continue, and the long - term center of gold prices is likely to move up [3]. 3. Summary by Directory Price Tracking - **Precious Metal Prices**: On August 6, 2025, London gold spot was at $3,373.65/ounce, London silver spot was at $37.82/ounce, COMEX gold was at $3,428.30/ounce, and COMEX silver was at $37.85/ounce. Compared with August 5, the price of gold rose 0.2% and silver rose 1.3%. The prices of domestic gold and silver futures and spot also showed varying degrees of increase [3]. - **Price Spreads/Ratios**: On August 6, 2025, the gold TD - SHFE active price spread was - 3.74 yuan/gram, and the silver TD - SHFE active price spread was - 32 yuan/kg. Compared with August 5, the spreads of some items changed, with the gold TD - SHFE active price spread increasing 1.1% and the silver TD - SHFE active price spread increasing 6.7% [3]. Position Data - As of August 5, 2025, the gold ETF - SPDR was 955.94 tons, and the silver ETF - SLV was 15,044.47453 tons, with week - on - week increases of 0.12% and 0.15% respectively. The non - commercial net long positions of COMEX gold and silver decreased compared with the previous period, with the non - commercial net long positions of COMEX gold decreasing 11.64% and those of COMEX silver decreasing 2.00% [3]. Inventory Data - On August 6, 2025, SHFE gold inventory was 36,045 kg, up 0.10% from August 5; SHFE silver inventory was 1,161,844 kg, up 0.39% from August 5. On August 5, COMEX gold inventory was 38,800,720 fine ounces, up 0.02% from August 4; COMEX silver inventory was 506,311,741 fine ounces, down 0.06% from August 4 [3]. Interest Rates/Exchange Rates/Stock Market - On August 6, 2025, the central parity rate of the US dollar against the Chinese yuan was 7.14, up 0.06% from August 5. The US dollar index was 98.76 on August 5, up 0.01% from August 4. The 2 - year US Treasury yield was 3.72%, up 0.81% from August 4; the 10 - year US Treasury yield was 4.22%, unchanged from August 4. The VIX index was 17.85 on August 5, up 1.88% from August 4. The S&P 500 index was 6,299.19 on August 5, down 0.49% from August 4 [3]. Geopolitical and Economic News - Geopolitically, Israel's prime minister held a limited security meeting to fully re - occupy the Gaza Strip. Russia may make concessions to the US and propose an air cease - fire with Ukraine. The EU decided to suspend the anti - tariff measures against the US that were originally scheduled to take effect on August 7 [3]. - Economically, the US July ISM services index was only 50.1, the employment index shrank, and the price index reached a new high since October 2022 [3].

Market Review - The closing price of the Shanghai Stock Exchange 50 Index was 2,790.73, up 0.77%, with a trading volume of 4.13 billion and a transaction amount of 77.88 billion yuan. The trading volume of put options was 1 million, and the trading volume of call options was 2.06 million, with a PCR of 0.49. The open interest of options was 7.28 million, with 4.64 million for call options and 2.65 million for put options, and a PCR of 0.57 [4] - The closing price of the CSI 300 Index was 4,103.45, up 0.80%, with a trading volume of 17.89 billion and a transaction amount of 306.93 billion yuan. The trading volume of put options was 2.7 million, and the trading volume of call options was 5.12 million, with a PCR of 0.53. The open interest of options was 20.59 million, with 12.06 million for call options and 8.53 million for put options, and a PCR of 0.71 [4] - The closing price of the CSI 1000 Index was 6,787.48, up 0.71%, with a trading volume of 22.37 billion and a transaction amount of 348.58 billion yuan. The trading volume of put options was 8.41 million, and the trading volume of call options was 9.89 million, with a PCR of 0.85. The open interest of options was 28.1 million, with 13.96 million for call options and 14.15 million for put options, and a PCR of 1.01 [4] - The Shanghai Composite Index rose 0.96% to 3,617.6 points, the Shenzhen Component Index rose 0.59%, the ChiNext Index rose 0.39%, the Beijing Stock Exchange 50 Index rose 0.25%, the STAR 50 Index rose 0.4%, the Wind All - A Index rose 0.78%, the Wind A500 Index rose 0.77%, and the CSI A500 Index rose 0.67%. The total A - share trading volume for the day was 1.62 trillion yuan, compared with 1.52 trillion yuan the previous day [14] Volatility Analysis Shanghai Stock Exchange 50 Index - The historical volatility chain shows the maximum, minimum, 10%, 30%, 60%, 90% quantile values, and the current value. The next - month at - the - money implied volatility and the volatility smile curve are also presented [8][9] CSI 300 Index - The historical volatility chain includes the maximum, minimum, 10%, 30%, 60%, 90% quantile values, and the current value. The next - month at - the - money implied volatility and the volatility smile curve are provided [9] CSI 1000 Index - The historical volatility chain shows the maximum, minimum, 10%, 30%, 60%, 90% quantile values, and the current value. The next - month at - the - money implied volatility and the volatility smile curve are also shown [14]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The shipping derivatives market shows a weak and volatile trend. The main reason is that overtime ships have intensified the oversupply of capacity during the off - season, leading to an overall weak and volatile market. The Maersk's late - session cabin opening price and the less - than - expected tariff situation have also affected the market [7]. - The spot price has peaked, with the quotation in early August starting to weaken and driving the late - August price down. The 10 - contract's main focus is on the decline slope of freight rates from August to October [8]. 3. Summary by Relevant Contents Shipping Derivatives Data - **China Export Container Freight Rates**: The SCFI - West America, SCFI - East America, SCFIS - West America, SCFI - Northwest Europe, SCFI - Mediterranean, and SCFIS - Northwest Europe all showed declines, with the SCFIS - Northwest Europe having the largest decline of - 11.99% [4]. - **EC Contracts**: The EC2506, EC2508, and EC2604 showed increases in price, while EC2510 and EC2512 showed decreases. In terms of positions, EC2410 increased by 1055, while others decreased to varying degrees [4][5]. Market News - China and the US will continue to promote the extension of the temporarily suspended reciprocal tariffs and China's counter - measures [6]. - The US will impose a 50% tariff on copper products and their derivatives starting from August 1 [6]. - Trump hopes to change the Gaza policy to a comprehensive agreement to solve all problems at once [6]. - Japan's economic and fiscal policy minister will urge the US to implement the auto - tariff agreement and get Trump to sign the relevant executive order [6]. Strategy - Short the 10 - contract on rallies (gradually take profits as it has corrected significantly recently) and hold the 12 - 4 calendar spread [9].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The US soybean good-to-excellent rate has risen to 70% this week. Although there will be slightly less rainfall in the production areas in the next two weeks, there is no significant high temperature, so the expected impact is limited. [7] - Under the pressure of the concentrated arrival of Brazilian soybeans, the domestic soybean crushing in August is expected to exceed 10 million tons, and the outlook for soybean meal remains positive. The purchase of ships from October to January is progressing slowly, and there is an expectation of inventory reduction in the far - month under the current Sino - US trade policy. [7] - In the short term, the high存栏 of pig and poultry farming is expected to support feed demand. However, the policy aims to control the存栏 and weight of pigs, which is expected to affect the far - month supply of pigs. Soybean meal has a high cost - performance ratio, and its提货 is at a high level. Some areas are using wheat to replace corn, reducing the demand for protein. [8] - This week, the trading volume of soybean meal has increased. The domestic soybean inventory has reached a high level, and the soybean meal inventory has decreased slightly but remains in the accumulation cycle. The inventory days of feed enterprises' soybean meal have decreased. [8] - Overall, the US soybean market has rebounded. Under the current Sino - US trade policy, the Brazilian premium remains strong. The domestic situation is one of weak current reality but strong future expectations. The 101 contract of soybean meal is expected to fluctuate with an upward bias. [8] 3. Directory - based Summaries 3.1 Basis Data - The basis of soybean meal's main contract in different regions on August 5th: Dalian was 67 with a change of 21; Tianjin was - 23 with a change of 21; etc. The basis of 43% soybean meal spot in different regions also varied, such as - 83 in Zhangjiagang with a change of 21. The basis of rapeseed meal spot in Guangdong was - 124 with a change of - 46. [6] 3.2 Spread Data - The spreads include M9 - 1, M9 - RM9, RM9 - 1, etc. For example, M9 - RM9 was - 11 in the 24/25 period. The spot spread of soybean meal - rapeseed meal in Guangdong was 320 with a change of 30, and the main - contract spread was 299 with a change of - 47. [7] 3.3 Inventory Data - The inventory data shows the trends of Chinese port soybean inventory, national major oil mills' soybean inventory, national major oil mills' soybean meal inventory, and feed enterprises' soybean meal inventory days from 2020 to 2025. Currently, the domestic soybean inventory has reached a high level, and the soybean meal inventory has decreased slightly but remains in the accumulation cycle. [7][8] 3.4开机 and Pressing Situation - The data presents the trends of national major oil mills' soybean pressing volume and开机 rate from 2020 to 2025. Under the pressure of the concentrated arrival of Brazilian soybeans, the domestic soybean crushing in August is expected to exceed 10 million tons. [7]

Group 1: Report Industry Investment Rating - Not mentioned in the provided content Group 2: Report's Core View - Commodity sentiment has weakened, PTA basis has weakened and trading volume has declined. Domestic PTA production capacity supply has contracted, and PTA port inventory has decreased. The spread between PX and naphtha has expanded to around $250, while alkyl transfer and TDP profit margins are not optimistic. The spread between PX and MX remains at around $90. In July, bottle chips and staple fibers are about to enter the maintenance period. The market port inventory has decreased, and polyester replenishment has improved under the weakening basis. The overall polyester inventory is not high, and the polyester load has dropped to 88% [2] Group 3: Summary by Relevant Catalog 1. Price and Index Changes - PTA spot price decreased from 4690 to 4660, a change of -30.00 [2] - MEG inner - market price increased from 4455 to 4463, a change of 8.00 [2] - PTA closing price decreased from 4698 to 4682, a change of -16.00 [2] - MEG closing price increased from 4389 to 4399, a change of 10.00 [2] - 1.4D direct - spun polyester staple fiber price decreased from 6575 to 6550, a change of -25.00 [2] - Fiber basis increased from 151 to 161, a change of 10.00 [2] - 8 - 9 spread decreased from 35 to 48, a change of -13.00 [2] - Polyester staple fiber cash flow increased from 240 to 246, a change of 6.00 [2] - 1.4D imitation large - chemical fiber price decreased from 5750 to 5700, a change of -50.00 [2] - The spread between 1.4D direct - spun and imitation large - chemical fiber increased from 825 to 850, a change of 25.00 [2] - East China water bottle chip price decreased from 5935 to 5921, a change of -14.00 [2] - Hot - filled polyester bottle chip price decreased from 5935 to 5921, a change of -14.00 [2] - Carbonated - grade polyester bottle chip price decreased from 6035 to 6021, a change of -14.00 [2] - Outer - market water bottle chip price decreased from 780 to 770, a change of -10.00 [2] - Bottle chip spot processing fee increased from 433 to 442, a change of 8.97 [2] - T32S pure polyester yarn price remained unchanged at 10300, a change of 0.00 [2] - T32S pure polyester yarn processing fee increased from 3725 to 3750, a change of 25.00 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16300, a change of 0.00 [2] - Cotton 328 price increased from 14845 to 14860, a change of 15.00 [2] - Polyester - cotton yarn profit increased from 1329 to 1340, a change of 10.91 [2] - Virgin three - dimensional hollow (with silicon) price remained unchanged at 7060, a change of 0.00 [2] - Hollow staple fiber 6 - 15D cash flow increased from 358 to 381, a change of 22.97 [2] - Virgin low - melting - point staple fiber price remained unchanged at 7330, a change of 0.00 [2] 2. Market Conditions - Polyester staple fiber: The price of polyester staple fiber production plants and traders has decreased, downstream purchases on demand, and on - site trading is scarce. The price range of 1.56dtex*38mm semi - bright natural white (1.4D) polyester staple fiber in the East China market is 6290 - 6670, in the North China market is 6410 - 6790, and in the Fujian market is 6290 - 6550 [2] - Bottle chips: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets is 5860 - 5980 yuan/ton, with the average price down 10 yuan/ton from the previous working day. Polyester raw materials and bottle chip futures fluctuated weakly, supply - side quotations were a mix of stable and falling, downstream end - users restocked on a just - in - time basis, and the market negotiation atmosphere was okay, with the price center of bottle chips dropping today [2] 3. Industry Load and Sales - Direct - spun staple fiber load (weekly) decreased from 93.00% to 92.30%, a change of -0.01 [3] - Polyester staple fiber sales decreased from 52.00% to 47.00%, a change of -5.00% [3] - Polyester yarn startup rate (weekly) decreased from 66.00% to 65.00%, a change of -0.01 [3] - Regenerated cotton - type load index (weekly) increased from 46.00% to 51.50%, a change of 0.06 [3]

Report Investment Rating - No information provided Core View - The price of lithium carbonate is falling, and the demand - side production increase is small. The support below the price is weak. In the short term, the futures price may continue to be under pressure [3] Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 71,200 yuan/ton, down 150 yuan; SMM industrial - grade lithium carbonate average price is 69,100 yuan/ton, down 150 yuan [1] - Futures prices of lithium carbonate contracts from 2508 to 2512 are all falling, with the 2508 contract closing at 67,300 yuan, down 3.19% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) price is 760 yuan, with no change [1] - Lithium mica prices range from 1,085 yuan to 1,710 yuan depending on Li₂O content; phospho - lithium - aluminum stone prices range from 5,275 yuan to 6,200 yuan and are falling [2] Cathode Materials - The average price of lithium iron phosphate (power type) is 32,595 yuan, down 35 yuan; the average prices of ternary materials 811, 523, and 613 are rising [2] Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,100 yuan; the difference between battery - grade lithium carbonate and the main contract is 3,360 yuan, up 1,050 yuan [2] Inventory - Total inventory (weekly) is 141,726 tons, down 1,444 tons; smelter inventory (weekly) is 51,958 tons, down 3,427 tons; downstream inventory (weekly) is 45,888 tons, up 3,073 tons; other inventory (weekly) is 43,880 tons, down 1,090 tons; registered warehouse receipts (daily) are 14,443 tons, up 1,840 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 68,421 yuan, and the profit is 7,529 yuan; the profit of purchasing lithium mica concentrate externally is - 6,997 yuan [3]

Group 1: Industry Investment Rating - No information provided Group 2: Core Viewpoints - PTA: Commodity sentiment has weakened, domestic PTA production capacity supply has contracted, and port inventories have declined. The spread between PX and naphtha has expanded to around $250, but the profit margins of alkyl transfer and TDP are not optimistic. The spread between PX and MX remains at around $90. Market port inventories have decreased, and polyester replenishment has improved under the weakening basis. The basis of PTA has weakened, and market replenishment willingness has declined [2]. - Ethylene glycol: Coal prices have rebounded, leading to a rise in ethylene glycol prices. Macro - sentiment has slightly weakened, and the chemical industry has followed the weakening sentiment of bulk commodities. Overseas ethylene glycol plant maintenance, especially in Saudi Arabia, has been continuously postponed, which may have a significant impact on the market outlook. The future arrival volume of ethylene glycol has decreased. Polyester sales have weakened, downstream weaving profits have shrunk, and terminal loads have significantly declined, posing a certain negative impact on the market [2]. Group 3: Summary by Relevant Catalogs Market Data - INE crude oil price dropped from 514.3 yuan/barrel on August 4, 2025, to 508.8 yuan/barrel on August 5, 2025, a decrease of 5.5 yuan/barrel [2]. - PTA - SC spread increased from 960.5 yuan/ton to 984.5 yuan/ton, up 23.97 yuan/ton; PTA/SC ratio rose from 1.2570 to 1.2663, an increase of 0.0093 [2]. - CFR China PX price increased from 838 to 839, up 1; PX - naphtha spread expanded from 234 to 254, an increase of 20 [2]. - PTA主力期价 dropped from 4698 yuan/ton to 4682 yuan/ton, a decrease of 16 yuan/ton; PTA spot price fell from 4690 yuan/ton to 4660 yuan/ton, a decrease of 30 yuan/ton [2]. - PTA现货加工费 decreased from 173.2 yuan/ton to 144.6 yuan/ton, a decrease of 28.6 yuan/ton; 盘面加工费 dropped from 181.2 yuan/ton to 161.6 yuan/ton, a decrease of 19.6 yuan/ton [2]. - MEG主力期价 rose from 4389 yuan/ton to 4399 yuan/ton, an increase of 10 yuan/ton; MEG - naphtha spread increased from (101.55) yuan/ton to (100.74) yuan/ton, an increase of 0.8 yuan/ton [2]. - MEG内盘 price increased from 4455 yuan/ton to 4463 yuan/ton, an increase of 8 yuan/ton [2]. Industry Chain Operating Conditions - PX开工率 remained unchanged at 78.11%; PTA开工率 increased from 76.81% to 78.04%, an increase of 1.23%; MEG开工率 remained unchanged at 58.81%; polyester load increased from 86.15% to 87.09%, an increase of 0.94% [2]. Product Prices and Cash Flows - POY150D/48F price dropped from 6735 to 6715, a decrease of 20; POY现金流 increased from (17) to (14), an increase of 3 [2]. - FDY150D/96F price remained unchanged at 6995; FDY现金流 increased from (257) to (234), an increase of 23 [2]. - DTY150D/48F price dropped from 7960 to 7935, a decrease of 25; DTY现金流 decreased from 8 to 6, a decrease of 2 [2]. - 1.4D直纺涤短 price dropped from 6575 to 6550, a decrease of 25; 涤短现金流 decreased from 173 to 171, a decrease of 2 [2]. - 半光切片 price dropped from 5800 to 5780, a decrease of 20; 切片现金流 increased from (52) to (49), an increase of 3 [2]. Sales Volume - 长丝产销 increased from 32% to 37%, an increase of 5%; 短纤产销 decreased from 49% to 47%, a decrease of 2%; 切片产销 increased from 63% to 72%, an increase of 9% [2]. Device Maintenance - A 7.2 - million - ton PTA device of a supplier in East China reduced its load to 80 - 90% last night, and the recovery time depends on raw material logistics [2]