瓶片短纤数据日报-20250605

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - Polyester downstream load remains at 91.8% despite the expected reduction, and recent promotions have helped with inventory clearance [2] - PTA will undergo inventory reduction in the coming period, and the actions of mainstream factories to increase basis sales have had a significant impact on the market, making PTA spot supplies tighter [2] - The changes in the sales strategies of large PTA factories, especially the act of canceling warehouse receipts to sell spot goods, are effectively changing the market's view on PTA positive spreads [2] - It is difficult for downstream production cuts to form a unified force. Even though polyester has been publicizing centralized production cuts, it is hard to see effective actions in the market, and the downstream's resistance to the upstream seems ineffective [2] Group 3: Summary by Relevant Catalogs Spot Price Changes - PTA spot price decreased from 4915 to 4865, a decrease of 50 [2] - MEG domestic price decreased from 4479 to 4417, a decrease of 62 [2] Futures Price Changes - PTA closing price increased from 4628 to 4670, an increase of 42 [2] - MEG closing price decreased from 4306 to 4292, a decrease of 14 [2] Short Fiber Data - 1.4D direct-spun polyester staple fiber price increased by 50 to 6545 [2] - Short fiber basis increased from 93 to 107, an increase of 14 [2] - 7 - 9 spread increased from 48 to 78, an increase of 30 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] Bottle Chip Data - Polyester bottle chip prices in the Jiangsu and Zhejiang markets decreased by 30 yuan/ton on average, with the price range at 5940 - 6050 yuan/ton [2] - Various types of bottle chip prices (including East China water bottle chips, hot - filled polyester bottle chips, etc.) generally decreased by 29 [2] - Bottle chip spot processing fee increased from 260 to 295, an increase of 34.52 [2] Yarn Data - T32S pure polyester yarn price remained unchanged at 10600 [2] - T32S pure polyester yarn processing fee decreased from 4055 to 4005, a decrease of 50 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16530 [2] - Polyester - cotton yarn profit decreased from 1766 to 1728, a decrease of 38.82 [2] Load and Production and Sales Data - Direct - spun short fiber load increased from 88.90% to 91.30% [3] - Polyester staple fiber production and sales increased from 65.00% to 68.00%, an increase of 3.00% [3] - Polyester yarn startup rate remained unchanged at 67.00% [3] - Regenerated cotton - type load index remained unchanged at 50.40% [3]