直纺涤短：10月22日产销138%，短期价或震荡偏强

Core Viewpoint - The market for direct-spun polyester staple fiber has seen significant price increases driven by rising raw material costs, with a strong demand outlook for the textile industry in the near term [1] Group 1: Market Performance - On October 22, the futures market for direct-spun polyester staple fiber surged due to rising raw material prices [1] - As of 3:00 PM, the average production and sales ratio for direct-spun polyester staple fiber reached 138% [1] - The processing fee for short fiber in the spot market was approximately 1185 RMB/ton, while the processing fees for PF2512 and PF2601 futures were around 981 RMB/ton and 983 RMB/ton, respectively [1] Group 2: Supply and Demand - As of October 17, the operating rate for direct-spun polyester staple fiber remained stable at approximately 94.3% [1] - Downstream prices for pure polyester yarn and polyester-cotton yarn have remained stable, with general sales activity [1] - The supply of short fibers is currently high, while downstream yarn production has seen some increases, indicating a continuation of the textile industry's peak season [1] Group 3: Market Outlook - The outlook for the market indicates that short fiber prices are expected to remain strong due to reduced inventory levels among traders and limited selling at low prices [1] - After the holiday, short fiber factories are not expected to face significant inventory pressure, contributing to a strong price support in the short term [1] - The strategy suggests maintaining positions in PTA and expecting processing fees to fluctuate within the 800 - 1100 RMB range, with a focus on the upper end around 1000 RMB [1]