短纤：成本坍塌，弱势运行，瓶片：成本坍塌，弱势运行

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Report's Core View The short - fiber and bottle - chip industries are both facing cost collapse and are operating weakly [1]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Short - fiber - Futures prices of short - fiber contracts 2505, 2506, and 2507 decreased by 222, 246, and 588 respectively compared to the previous day. The price differences PF05 - 06, PF06 - 07, and PF basis increased by 24, 342, and 96 respectively. - The short - fiber持仓量 decreased by 7238 to 367819, and the short - fiber成交量 decreased by 362955 to 17979. - The short - fiber华东现货价格 dropped by 150 to 6.410, and the short - fiber产销 rate remained at 35% [1]. - Bottle - chip - Futures prices of bottle - chip contracts 2505, 2506, and 2509 decreased by 154, 168, and 138 respectively compared to the previous day. The price differences PR05 - 06, PR05 - 09, and PR主力基差 changed by 14, - 30, and - 24 respectively. - The bottle - chip持仓量 decreased by 3589 to 15457, while the bottle - chip成交量 increased by 27174 to 28610. - The bottle - chip华东现货价格 dropped by 115 to 5570, and the bottle - chip华南现货价格 dropped by 150 to 5650 [1]. 3.2 Spot News - Short - fiber - Short - fiber futures continued to decline significantly. Factory quotes for spot goods remained stable, but discounts were available for negotiation. High - price transactions were difficult, while low - price purchases were moderate. The mainstream negotiation range for semi - bright 1.4D was 6200 - 6600, with some lower at 6000 - 6100. The average sales - to - production ratio of direct - spinning polyester staple fiber factories was 35% [1]. - Bottle - chip - Upstream polyester raw material prices fell, and most polyester bottle - chip factories resumed quoting with lower prices. The trading atmosphere in the polyester bottle - chip market was active, with market transactions exceeding 100,000. The 4 - 6 month orders were mostly traded at 5510 - 5670 yuan/ton ex - factory, with a small amount at 5900 yuan/ton ex - factory. Some terminal large enterprises held tenders, and the specific transactions were being followed up [2]. 3.3 Trend Intensity The trend intensity of short - fiber and bottle - chip is - 1, indicating a bearish view on the day - trading of the main contracts on the reporting day [2].