瓶片短纤数据日报-20250507

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - Due to the intensive maintenance of PX and the significant repair of the internal and external price difference of PX, coupled with the maintenance of domestic PTA plants, the basis of PTA has strengthened significantly. Some traders' concentrated replenishment has led to a certain market tightness. The long - short spread of the market has emerged, and there are rumors that mainstream factories are considering canceling warehouse receipts to complete contract supply. The PTA monthly spread has widened significantly. Polyester factories' inventory reduction is close to two weeks, and there has been a round of concentrated replenishment downstream. Polyester inventory has improved. According to the balance sheet calculation, PTA inventory will be significantly reduced in May, and port inventory will continue to decline. If polyester inventory remains strong, PTA inventory may continue to decline in June. With inventory reduction, the possibility of polyester factories reducing production is low [2] Group 3: Summary of Related Data Price and Spread Changes - PTA spot price decreased from 4555 to 4480, a decrease of 75 [2] - MEG internal market price decreased from 4216 to 4190, a decrease of 26 [2] - PTA closing price decreased from 4434 to 4362, a decrease of 72 [2] - MEG closing price decreased from 4155 to 4130, a decrease of 25 [2] - 1.4D direct - spun polyester staple fiber price decreased from 6410 to 6385, a decrease of 25 [2] - Short - fiber basis decreased from 230 to 215, a decrease of 15 [2] - 5 - 6 spread increased from 72 to 74, an increase of 2 [2] - 1.4D direct - spun and imitation large - chemical fiber price difference decreased from 535 to 510, a decrease of 25 [2] - East China water bottle chip price decreased from 5742 to 5716, a decrease of 26 [2] - Hot - filled polyester bottle chip price decreased from 5742 to 5716, a decrease of 26 [2] - Carbonated - grade polyester bottle chip price decreased from 5842 to 5816, a decrease of 26 [2] - Outer - market water bottle chip price decreased from 755 to 750, a decrease of 5 [2] - T32S pure polyester yarn price decreased from 10550 to 10540, a decrease of 10 [2] - Cotton 328 price decreased from 13680 to 13675, a decrease of 5 [2] Cash Flow and Processing Fee Changes - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - Bottle chip spot processing fee increased from 435 to 482, an increase of 46.83 [2] - T32S pure polyester yarn processing fee increased from 4140 to 4155, an increase of 15 [2] - Polyester - cotton yarn profit increased from 2099 to 2118, an increase of 18.46 [2] - Hollow staple fiber 6 - 15D cash flow increased from 408 to 481, an increase of 72.83 [2] Load and Production and Sales Changes - Direct - spun staple fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3] - Polyester staple fiber production and sales increased from 75.00% to 77.00%, an increase of 2.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Regenerated cotton - type load index (weekly) remained unchanged at 50.40% [3]