Group 1: Report Industry Investment Rating - Investment rating for the pig industry: Cautiously bearish [3] - Investment rating for the egg industry: Cautiously bearish [6] Group 2: Core Views of the Report - Pig prices are oscillating strongly with a decline in the north and an increase in the national average price. The supply is shrinking at the end of the year, and bad weather and holiday consumption support the price. The secondary fattening sentiment slows down after the price rises. Attention should be paid to the post - holiday slaughter rhythm [2] - Egg spot prices have stopped rising and started to fall, mainly concentrated in Hebei. The boost from New Year's Day consumption is limited, and the sufficient market capacity may still put pressure on egg prices [5] Group 3: Summary by Relevant Categories Pig Market Market News and Key Data - Futures: The closing price of the live pig 2603 contract was 11,790 yuan/ton, up 75 yuan/ton or 0.64% from the previous trading day [1] - Spot: Henan's outer three - yuan live pig price was 12.55 yuan/kg, up 0.08 yuan/kg; Jiangsu's was 12.84 yuan/kg, down 0.06 yuan/kg; Sichuan's was 12.65 yuan/kg, unchanged. The national average wholesale price of pork was 17.73 yuan/kg, up 0.3% [1] Market Analysis - Pig prices are oscillating strongly with a stable and rising national average. Supply is shrinking at the end of the year, and bad weather may hinder slaughter. Holiday consumption boosts the slaughter volume, and the price difference between standard and fat pigs widens, which is beneficial to price increases. The secondary fattening sentiment slows down [2] Strategy - Cautiously bearish [3] Egg Market Market News and Key Data - Futures: The closing price of the egg 2601 contract was 2,938 yuan/500 kg, down 3 yuan or 0.10% from the previous trading day [3] - Spot: Liaoning's egg spot price was 2.84 yuan/jin, unchanged; Shandong's was 3.10 yuan/jin, unchanged; Hebei's was 2.76 yuan/jin, down 0.02 yuan [3] - Inventory: On December 30, 2025, the national production - link inventory was 0.95 days, and the circulation - link inventory was 1.31 days, both unchanged from the previous day [4] Market Analysis - Egg spot prices have stopped rising and started to fall, mainly in Hebei. The boost from New Year's Day consumption is limited, and the end of pre - festival stocking and sufficient market capacity may put pressure on prices [5] Strategy - Cautiously bearish [6]

贵金属日报 | 2025-12-31 美联储纪要显示其对未来降息略显克制 市场分析 2025-12-30，沪金主力合约开于1004.72元/克，收于984.84元/克，较前一交易日收盘变动-2.22%。当日成交量为41087 手，持仓量为129725手。昨日夜盘沪金主力合约开于993.76元/克，收于986.34元/克，较昨日午后收盘上涨0.15%。 2025-12-30，沪银主力合约开于18250.00元/千克，收于18107.00元/千克，较前一交易日收盘变动-0.52%。当日成交 量为2059507手，持仓量为225839手。昨日夜盘沪银主力合约开于18518元/千克，收于18792元/千克，较昨日午后 收盘上涨3.78%。 美联储公布12月会议纪要显示，FOMC在12月会议上同意降息，但就美国经济目前面临的风险进行了深入细致的辩 论。根据会议纪要，鉴于美国经济面临的各种风险，即使是一些支持降息的官员也承认，"这一决定是权衡利弊后 的结果，或者他们也本可能支持维持目标利率区间不变"。而在讨论本次会议的货币政策决定时，委员们一致认为， 现有指标显示经济活动正在以温和的速度扩张。他们还一致认为，今年就业增长 ...

新能源及有色金属日报 | 2025-12-31 市场交投相对清淡 铅价预计维持震荡格局 市场要闻与重要数据 现货方面：2025-12-30，LME铅现货升水为-43.70美元/吨。SMM1#铅锭现货价较前一交易日变化-75元/吨至17300 元/吨，SMM上海铅现货升贴水较前一交易日变化 0元/吨至0.00元/吨，SMM广东铅现货较前一交易日变化-100元/ 吨至17300元/吨，SMM河南铅现货较前一交易日变化-75元/吨至17300元/吨，SMM天津铅现货升贴水较前一交易日 变化-75元/吨至17325元/吨。铅精废价差较前一交易日变化0元/吨至-125元/吨，废电动车电池较前一交易日变化0 元/吨至9950元/吨，废白壳较前一交易日变化0元/吨至10050元/吨，废黑壳较前一交易日变化0元/吨至10350元/吨。 期货方面：2025-12-30，沪铅主力合约开于17465元/吨，收于17505元/吨，较前一交易日变化15元/吨，全天交易日 成交69782手，较前一交易日变化-14987手，全天交易日持仓53891手，手较前一交易日变化-584手，日内价格震荡， 最高点达到17635元/吨，最低点达到17 ...

1. Report Industry Investment Rating - The investment rating for both the apple and红枣 industries is neutral [4][8] 2. Core Views of the Report - The apple market is in a supply - demand game. Current inventory quantity and quality are generally lower than in previous periods. High - quality fruit prices are high, while prices of lower - quality goods are showing signs of weakness. Terminal consumption is average, and the impact of low - price substitute fruits is increasing [3][4]. - The红枣 market has completed most of its new - date acquisitions. Although production has decreased compared to the previous season, the inventory is high due to the combination of old and new stocks. During the peak consumption season, the market is under pressure from inventory, and the market focuses on peak - season consumption [7][8]. 3. Summary by Related Catalogs Apple Market Market News and Important Data - Futures: The closing price of the apple 2605 contract yesterday was 9200 yuan/ton, up 37 yuan/ton or 0.40% from the previous day [1]. - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 4.10 yuan/jin, unchanged from the previous day; the price of over 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.20 yuan/jin, also unchanged from the previous day [1]. Recent Market Information - The mainstream trading of late Fuji in the warehouse is stable, but the overall trading atmosphere is average. Fruit farmers' sales are limited. Different regions have different trading situations, with some seeing more inquiries but limited actual transactions [2]. Market Analysis - The apple futures price fluctuated slightly higher yesterday. Cold - storage shipments increased but were still lower than in previous years. Although the festival has improved sales, there is still inventory pressure, and the impact of low - price substitute fruits is significant [3]. Strategy - A neutral strategy is recommended. The market is in a supply - demand game, with high - quality fruit prices high and low - quality fruit prices weakening, and terminal consumption is average [4]. Red Date Market Market News and Important Data - Futures: The closing price of the red date 2605 contract yesterday was 9020 yuan/ton, up 50 yuan/ton or 0.56% from the previous day [5]. - Spot: The price of first - grade grey dates in Hebei was 8.30 yuan/kg, unchanged from the previous day [5]. Recent Market Information - The acquisition of grey dates in Xinjiang is nearing completion, with limited remaining inventory. Different regions have different price ranges. In the sales areas, the market situation varies, with some areas having more arrivals and some having less [6]. Market Analysis - The red date futures price fluctuated higher yesterday. The acquisition of new dates is almost complete, and the inventory is high. Although it is the peak consumption season, the market is under pressure from inventory, and the sales areas are stable [7]. Strategy - A neutral strategy is recommended. Although production has decreased, the inventory is high, and the market is under pressure from inventory during the peak consumption season [8].

Report Industry Investment Ratings - Glass: Weak and volatile [2] - Soda Ash: Volatile [2] - Silicomanganese: Volatile [4] - Ferrosilicon: Volatile [4] Core Views - Market sentiment is weak, and steel prices are fluctuating. The trading sentiment of glass and soda ash has been boosted, leading to a rebound in their futures markets. The alloy futures of ferrosilicon and silicomanganese have also rebounded, while the spot prices have made minor adjustments [1][3] - The supply - demand contradiction in the glass market is still significant, with high inventory pressure. The supply - demand situation of soda ash has eased, but there are concerns about new production projects and glass cold - repair. The fundamentals of silicomanganese are poor with high inventory, and the fundamentals of ferrosilicon have improved compared to before [1][3] Summary by Related Catalogs Glass and Soda Ash - **Market Analysis**: Glass futures fluctuated upwards with active trading, and downstream buyers mainly made rigid - demand purchases. Soda ash futures also rose, with an increase in spot prices but poor futures - spot trading and mainly rigid - demand purchases [1] - **Supply - demand and Logic**: For glass, the supply - demand contradiction is large. Although some production lines are being cold - repaired, the reduction in production is insufficient compared to the decline in demand, and there is a risk of significant inventory accumulation during the Spring Festival. For soda ash, the supply - demand contradiction has eased, with reduced production and inventory. However, new production projects and potential glass cold - repairs need to be monitored [1] - **Strategy**: Glass is expected to be weak and volatile, while soda ash is expected to be volatile [2] Silicomanganese and Ferrosilicon - **Market Analysis**: Silicomanganese futures rebounded, and the spot market was strong. The 6517 grade in the northern market was priced at 5550 - 5700 yuan/ton, and in the southern market at 5680 - 5730 yuan/ton. Ferrosilicon futures continued to rebound, and the spot prices were slightly adjusted. The 72 - grade ferrosilicon in the main production area was 5200 - 5300 yuan/ton, and the 75 - grade was 5600 - 5650 yuan/ton [3] - **Supply - demand and Logic**: The fundamentals of silicomanganese are poor, with production exceeding demand and a large increase in inventory. Although steel mill复产 after New Year's Day will help repair the rigid demand, the high inventory pressure limits price increases. The low port inventory of manganese ore provides price support. The fundamentals of ferrosilicon have improved, with enterprises reducing production and factory inventory declining. After steel mill复产, the rigid demand is expected to improve, and the price will be volatile [3] - **Strategy**: Both silicomanganese and ferrosilicon are expected to be volatile [4]

黑色建材日报 | 2025-12-31 市场情绪趋弱，钢价震荡运行 钢材：市场情绪趋弱，钢价震荡运行 市场分析 昨日螺纹钢期货主力合约收于3134元/吨，热卷主力合约收于3282元/吨。现货方面，昨日钢材现货成交整体一般偏 弱，环比昨日略有转弱，刚需低价拿货为主，有对昨日的补跌。全国建材成交9.32万吨。 供需与逻辑：建材供需基本面暂无矛盾，保持淡季水平。板材依旧受制于高库存压制，价格边际波动有限。短期 市场心态纠结，盘面短期切换节奏较快。关注环保及季节性减产情况、需求去库变化、利润状况、成本支撑、原 料补库、钢材出口及国内政策。 策略 单边：中性 跨期：无 跨品种：无 期现：无 期权：无 风险 宏观政策、成材需求情况、钢材出口、钢厂利润、成本支撑等。 铁矿：市场情绪谨慎，矿价震荡运行 市场分析 期现货方面：昨日铁矿石期货价格震荡运行，最终铁矿石2605合约收盘789元/吨，较前一交易日下跌3.5元，跌幅 0.44%；现货方面，临近元旦假期，市场交投趋稳，贸易商多随行就市，钢厂维持低库存运行，补库意愿有限，采 购价格多随行就市。全国主港铁矿累计成交84.5万吨，环比下跌24.55%。 供需与逻辑：补库预期支撑 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint No information provided. 3. Summary by Directory I. Option Trading Volume - On December 29, 2025, the trading volume of SSE 50 ETF options was 904,600 contracts; CSI 300 ETF options (Shanghai market) was 1,151,700 contracts; CSI 500 ETF options (Shanghai market) was 1,599,100 contracts; Shenzhen 100 ETF options was 44,800 contracts; ChiNext ETF options was 1,150,700 contracts; SSE 50 index options was 23,500 contracts; CSI 300 index options was 135,800 contracts; and CSI 1000 options was 202,700 contracts [1]. - The table shows the call, put, and total trading volumes of various index ETF options on the same day, such as 317,200 call and 303,900 put contracts for SSE 50 ETF options, with a total of 621,100 contracts [19]. II. Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.74, with a month - on - month change of +0.10; the open interest PCR was 0.94, with a month - on - month change of - 0.07. Similar data for other options are also provided, like CSI 300 ETF options (Shanghai market) with a turnover PCR of 0.79 (+0.27) and an open interest PCR of 0.92 (-0.02) [2]. - The table presents the turnover PCR, its month - on - month change, open interest PCR, and its month - on - month change for different index ETF options [34]. III. Option VIX - The VIX of SSE 50 ETF options was reported at 14.23%, with a month - on - month change of +0.34%. For other options, such as CSI 300 ETF options (Shanghai market), the VIX was 16.05% (+0.35%). Similar data for other index options are also given [3]. - The table shows the VIX and its month - on - month change for various index ETF options [50].

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The price of industrial silicon is expected to maintain a range-bound oscillation, with the upside potential depending on the recovery of downstream demand and inventory depletion progress, and the downside limited by cost support and production cut expectations [3]. - The price of polysilicon is expected to oscillate between 54,000 - 60,000 yuan/ton, awaiting further clarity on fundamentals. Short - term attention should be paid to new silicon wafer quotes and January production plans; long - term attention should be on the implementation of the purchase and storage policy and inventory depletion progress [6]. Summary by Related Catalogs Industrial Silicon Market Analysis - On December 29, 2025, the industrial silicon futures price was weak. The main contract 2605 opened at 8,850 yuan/ton and closed at 8,715 yuan/ton, down 60 yuan/ton (-0.68%) from the previous settlement. The position of the main contract 2605 at the close was 221,065 lots, and the number of warehouse receipts on December 28, 2025, was 9,907 lots, an increase of 480 lots from the previous day [1]. - The spot price of industrial silicon was basically stable. The price of East China oxygen - passing 553 silicon was 9,200 - 9,300 yuan/ton; 421 silicon was 9,500 - 9,800 yuan/ton. The price of Xinjiang oxygen - passing 553 silicon was 8,600 - 8,800 yuan/ton, and 99 - silicon was 8,600 - 8,800 yuan/ton. Silicon prices in various regions were flat, and the price of 97 - silicon was stable [1]. - As of December 25, the total social inventory of industrial silicon in major regions was 555,000 tons, an increase of 2,000 tons from the previous week [1]. Consumption End - The quoted price of silicone DMC was 13,500 - 13,700 yuan/ton. The weekly production of polysilicon was basically stable, with the planned production in December around 114,000 tons, slightly decreasing from November, and the demand for industrial silicon changed little. The weekly production schedule of organic silicon fluctuated slightly compared to the previous week, with a possible reduction in industrial silicon consumption of about 5,000 tons in December. The operating rate of aluminum - silicon alloy enterprises remained stable, and the regenerative aluminum enterprises in Chongqing that cut production due to air pollution last week maintained the production - cut state. The downstream demand for aluminum alloy showed marginal weakness, and the subsequent operating rate was expected to be stable with a weakening trend [2]. Strategy - Spot prices are basically stable. After production cuts in the southwest, the supply - demand pattern may improve, but the inventory accumulation pattern remains. Short - term range - bound operation is recommended for single - side trading, and there are no recommendations for cross - period, cross - variety, spot - futures, and options trading [3]. Polysilicon Market Analysis - On December 29, 2025, the main contract 2605 of polysilicon futures oscillated downward, opening at 59,000 yuan/ton and closing at 56,500 yuan/ton, a change of - 4.84% from the previous trading day. The position of the main contract was 95,631 lots (119,162 lots the previous day), and the trading volume was 69,428 lots [3]. - The spot price of polysilicon weakened slightly. The price of N - type material was 49.80 - 55.00 yuan/kg, and n - type granular silicon was 49.00 - 51.00 yuan/kg. Polysilicon manufacturers' inventory and silicon wafer inventory increased. The latest polysilicon inventory was 303,000 tons, a 3.40% increase; silicon wafer inventory was 21.69 GW, a 0.88% increase. The weekly polysilicon production was 25,300 tons, a 1.20% increase; silicon wafer production was 10.33 GW, a 3.19% decrease [3]. Silicon Wafer, Battery Cell, and Component Prices - Silicon wafer: The price of domestic N - type 18Xmm silicon wafer was 1.25 yuan/piece, N - type 210mm was 1.55 yuan/piece, and N - type 210R silicon wafer was 1.35 yuan/piece [4]. - Battery cell: The price of high - efficiency PERC182 battery cell was 0.27 yuan/W; PERC210 battery cell was about 0.28 yuan/W; TopconM10 battery cell was about 0.37 yuan/W; Topcon G12 battery cell was 0.37 yuan/W; Topcon210RN battery cell was 0.37 yuan/W; HJT210 half - cell battery was 0.37 yuan/W [4][5]. - Component: The mainstream transaction price of PERC182mm was 0.67 - 0.74 yuan/W, PERC210mm was 0.69 - 0.73 yuan/W, N - type 182mm was 0.66 - 0.68 yuan/W, and N - type 210mm was 0.67 - 0.69 yuan/W [5]. Strategy - The polysilicon price is expected to oscillate between 54,000 - 60,000 yuan/ton. Short - term range - bound operation is recommended for single - side trading, and there are no recommendations for cross - period, cross - variety, spot - futures, and options trading [6].

1. Report Industry Investment Rating - No information provided on industry investment rating 2. Report Core View - The price of Shanghai nickel futures has recently been affected by Indonesian policies and the overall trends of non - ferrous and precious metals. With high inventory and the terminal in the consumption off - season, it is expected to remain range - bound in the short term. Stainless steel prices are expected to maintain a volatile trend, closely following the price of Shanghai nickel [1][3][4] 3. Summary by Related Catalogs Nickel Variety Market Analysis - On December 29, 2025, the main contract 2601 of Shanghai nickel opened at 126,700 yuan/ton and closed at 125,710 yuan/ton, a change of - 0.86% from the previous trading day's close. The trading volume was 785,240 (+168,241) lots, and the open interest was 131,413 (-5,234) lots. The main contract showed a "rush up and fall back + wide - range shock" trend, with an intraday amplitude of 4.4%. In the afternoon, it was driven by a sharp correction in precious metals and quickly declined [1] - The nickel ore market was relatively calm, with prices remaining stable. Affected by the rainy season in the Philippines, resources were limited. Mines had a bullish expectation. There was a certain price difference in the market. Shipping efficiency was delayed due to increased rainfall. The downstream nickel - iron market improved, and the bargaining price moved up. Iron mills were eager to stock up in advance, and the mentality of suppressing raw material nickel ore prices might slow down. In Indonesia, the domestic trade benchmark price in January 2026 (Phase II) is expected to rise by 0.05 - 0.08 US dollars/wet ton, and the current mainstream premium is +25, with the premium range mostly between +25 - 26 [1] - The spot price of Jinchuan Group in the Shanghai market was 135,400 yuan/ton, up 2,200 yuan/ton from the previous trading day. Spot trading was average. Traders were expected to start purchasing after New Year's Day. The spot premiums of refined nickel of each brand were mostly stable. The premium of Jinchuan nickel changed by 100 yuan/ton to 7,200 yuan/ton, the premium of imported nickel changed by 0 yuan/ton to 400 yuan/ton, and the premium of nickel beans was 2,450 yuan/ton. The previous trading day's Shanghai nickel warrant volume was 38,510 (983) tons, and the LME nickel inventory was 255,696 (1,092) tons [2] Strategy - The price of Shanghai nickel is easily affected by Indonesian policies and the overall trends of non - ferrous and precious metals. With high inventory and the terminal in the consumption off - season, it is expected to remain range - bound in the short term. Consider high - selling and low - buying in the range of 123,000 - 130,000 yuan. For trading strategies, focus on range operations for single - side trading, and there are no suggestions for cross - period, cross - variety, spot - futures, and option trading [3] Stainless Steel Variety Market Analysis - On December 29, 2025, the main contract 2602 of stainless steel opened at 12,955 yuan/ton and closed at 12,910 yuan/ton. The trading volume was 169,875 (+40,115) lots, and the open interest was 84,501 (-4,171) lots. The main contract continued to follow the trend of Shanghai nickel, showing a "rush up and fall back + wide - range shock" trend. However, due to weaker fundamentals, the overall trend was weaker than that of Shanghai nickel [3] - The upward momentum of the futures market has slowed down. Although the spot price has risen compared with the previous period, in the context of the year - end off - season, downstream demand remained weak, and there was a lack of further stimulating factors in the news. The spot price remained stable overall. Future attention should be paid to the production reduction process of stainless steel plants and the winter stocking situation of downstream enterprises. The stainless steel price in the Wuxi market was 13,075 (+0) yuan/ton, and that in the Foshan market was 13,075 (+0) yuan/ton. The premium of 304/2B was 145 - 395 yuan/ton. According to SMM data, the ex - factory tax - included average price of high - nickel pig iron changed by 6.50 yuan/nickel point to 910.5 yuan/nickel point [3][4] Strategy - Some macro - level positive factors have been realized, and inventory has been declining for four consecutive weeks. However, downstream demand is weak in the off - season. Stainless steel prices are expected to maintain a volatile trend, closely following the price of Shanghai nickel. For trading strategies, take a neutral stance on single - side trading, and there are no suggestions for cross - period, cross - variety, spot - futures, and option trading [4]

Report Industry Investment Rating - PX/PTA/PF/PR are rated neutral [4] Core Viewpoints - Cost side: There is more consensus on the details of the Russia-Ukraine negotiations, oil prices have retreated again, and geopolitical news is fluctuating. In Q1 next year, there is still significant downward pressure on oil prices [1] - PX: PXN reached $377/ton last last trading day (a $16.00/ton increase from the previous period). PX plants at home and abroad are operating stably. With the current abundant MX supply, PX production can be effectively maintained even if some plants have fluctuations in reformer operations. Recently, PXN has risen significantly to a seasonal high. With the improvement in profitability, there are more restart plans overseas, and more imports are expected due to arbitrage between domestic and foreign markets. There are many PX maintenance plans in Q2 next year, and the long - term outlook is still positive. However, the blending - into - gasoline market shows no obvious improvement, and the risks of increasing supply and declining polyester demand are gradually emerging [1] - TA: The spot basis of the TA main contract is -63 yuan/ton (a 2 yuan/ton increase from the previous period), the PTA spot processing fee is 346 yuan/ton (a 32 yuan/ton increase from the previous period), and the processing fee of the main contract on the futures market is 336 yuan/ton (a 13 yuan/ton increase from the previous period). There are many PTA maintenance plans in the near term. Although the polyester load has decreased, the overall production cut is less than expected. The PTA balance sheet shows inventory reduction in December, and the inventory build - up pressure in January is acceptable. In the long - term, as the cycle of concentrated capacity expansion ends, PTA processing fees are expected to gradually improve [2] - Demand: The polyester operating rate is 90.4% (a 0.7% decrease from the previous period), and the weaving load continues to decline. Since the end of November, domestic orders have weakened rapidly, and坯布 inventory has started to accumulate rapidly. Although there are some samples for spring - summer orders next year or foreign trade orders, there are no large - scale orders yet. Due to the rise in raw material prices, there was restocking this week, and filament inventory has dropped to a low level [3] - Strategy: For single - side trading, be cautious about the risk of capital reduction and price retreat. Pay attention to the capital flow and the change in downstream polyester load for PX; for TA, pay attention to the possibility of plant restart with the improvement of processing fees; for PF, the processing fee is under pressure; for PR, the short - term polyester bottle - chip processing fee is expected to fluctuate within a range [4] Summary by Directory Price and Basis - Figures include TA main contract, basis, and inter - period spread trends; PX main contract trends, basis, and inter - period spread; PTA East China spot basis; and short - fiber 1.56D*38mm semi - bright natural white basis [9][10][12] Upstream Profit and Spread - Figures cover PX processing fee PXN, PTA spot processing fee, South Korean xylene isomerization profit, and South Korean STDP selective disproportionation profit [18][23] International Spread and Import - Export Profit - Figures involve toluene US - Asia spread, toluene South Korean FOB - Japanese naphtha CFR, and PTA export profit [26][28] Upstream PX and PTA Operation - Figures show China's PTA load, South Korea's PTA load, Taiwan's PTA load, China's PX load, and Asia's PX load [29][32][36] Social Inventory and Warehouse Receipts - Figures include PTA weekly social inventory, PX monthly social inventory, PTA total warehouse receipts + forecast volume, PTA warehouse receipt inventory, PX warehouse receipt inventory, and PF warehouse receipt inventory [38][40][41] Downstream Polyester Load - Figures cover filament sales volume, short - fiber sales volume, polyester load, direct - spun filament load, polyester staple fiber load, polyester bottle - chip load, filament DTY factory inventory days, filament FDY factory inventory days, filament POY factory inventory days, Jiangsu and Zhejiang loom operating rate, Jiangsu and Zhejiang texturing machine operating rate, and Jiangsu and Zhejiang dyeing operating rate [49][51][58] PF Detailed Data - Figures include polyester staple fiber load, polyester staple fiber factory equity inventory days, 1.4D physical inventory, 1.4D equity inventory, recycled cotton - type staple fiber load, raw - recycled spread, pure polyester yarn operating rate, pure polyester yarn production profit, polyester - cotton yarn operating rate, and polyester - cotton yarn processing fee [70][74][79] PR Fundamental Detailed Data - Figures cover polyester bottle - chip load, bottle - chip factory bottle - chip inventory days, bottle - chip spot processing fee, bottle - chip export processing fee, bottle - chip export profit, East China water bottle - chip - recycled 3A - grade white bottle - chip spread, bottle - chip next - month spread, and bottle - chip next - next - month spread [93][98][99]