瓶片短纤数据日报-20250529

Group 1: Investment Ratings - There is no information about the industry investment rating in the report. Group 2: Core Viewpoints - PX's maintenance is over, and PX plants are returning intensively with a rapid increase in plant load. The supply of PX in the market has started to rise, and the price difference between domestic and overseas PX has been significantly repaired. The maintenance of domestic PTA plants is gradually ending, the basis of PTA has weakened significantly, and the market is under certain selling pressure. Due to the alleviation of the supply side of PTA and PX, the positive spread in the market has weakened, and polyester may experience a slight production cut [2]. Group 3: Data Summary Price and Change - PTA spot price remained at 4880 on May 27th and 28th, 2025 [2]. - MEG internal market price dropped from 4512 to 4494, a decrease of 18 [2]. - PTA closing price decreased from 4740 to 4672, a decrease of 68 [2]. - MEG closing price decreased from 4387 to 4311, a decrease of 76 [2]. - 1.4D direct - spun polyester staple fiber increased from 6585 to 6590, an increase of 5 [2]. - Short - fiber basis increased from 91 to 93, an increase of 2 [2]. - 6 - 7 spread increased from 2 to 6, an increase of 4 [2]. - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2]. - 1.4D direct - spun and imitation large - chemical fiber price difference increased from 645 to 650, an increase of 5 [2]. - East China water bottle chip decreased from 5941 to 5938, a decrease of 3 [2]. - T32S pure polyester yarn price decreased from 10630 to 10600, a decrease of 30 [2]. - T32S pure polyester yarn processing fee decreased from 4045 to 4010, a decrease of 35 [2]. - Cotton 328 price increased from 14375 to 14390, an increase of 15 [2]. - Polyester - cotton yarn profit decreased from 1730 to 1721, a decrease of 8.99 [2]. - Primary three - dimensional hollow (with silicon) decreased from 7175 to 7170, a decrease of 5 [2]. - Hollow short - fiber 6 - 15D cash flow increased from 291 to 292, an increase of 1.03 [2]. Market Conditions - Polyester staple fiber: The price of polyester staple fiber production enterprises is mainly negotiated, the price of traders has declined, downstream buyers purchase as needed, and the market transaction is average. The price in the East China market is 6330 - 6650, in the North China market is 6480 - 6800, and in the Fujian market is 6570 - 6800 [2]. - Polyester bottle chip: The mainstream negotiation price in the Jiangsu and Zhejiang markets is 6000 - 6070 yuan/ton, and the average price is stable compared with the previous working day. The market trading atmosphere is light, and the price center of bottle chips is temporarily stable [2]. Operating Rate and Production and Sales - Direct - spun short - fiber load (weekly) increased from 88.90% to 91.30% [3]. - Polyester staple fiber production and sales decreased from 55.00% to 49.00%, a decrease of 6.00% [3]. - Polyester yarn startup rate (weekly) remained at 67.00% [3]. - Regenerated cotton - type load index (weekly) remained at 50.40% [3].