瓶片短纤数据日报-20250610

Group 1: Industry Investment Rating - N/A Group 2: Core Views - Polyester downstream load remains at 91.8% despite the expected cut - off, and recent promotions have helped with inventory reduction [2] - PTA will reduce inventory in the following time, and the price - basis increase sales actions of major factories have had a significant impact on the market, making PTA spot supplies tight [2] - The change in large PTA factories' sales strategies, especially the behavior of canceling warehouse receipts to sell spot, is effectively changing the market's view on PTA's forward - spread positions [2] - It's difficult for downstream reductions to form a unified force, and even though polyester has been promoting centralized production cuts, it's hard to have an effective impact on the market, and the downstream's resistance to the upstream seems weak [2] Group 3: Summary by Indicators Price Changes - PTA spot price dropped from 4895 to 4830, a decrease of 65 [2] - MEG inner - market price fell from 4408 to 4382, a decrease of 26 [2] - PTA closing price decreased from 4652 to 4602, a decrease of 50 [2] - MEG closing price dropped from 4261 to 4256, a decrease of 5 [2] - 1.4D direct - spinning polyester staple fiber price decreased from 6600 to 6575, a decrease of 25 [2] - Polyester staple fiber basis decreased from 103 to 94, a decrease of 9 [2] - 7 - 9 spread increased from 94 to 138, an increase of 44 [2] - Polyester staple fiber cash - flow increased from 240 to 246, an increase of 6 [2] - 1.4D imitation large - chemical fiber price increased from 5880 to 5881, an increase of 1 [2] - The price difference between 1.4D direct - spinning and imitation large - chemical fiber decreased from 720 to 694, a decrease of 26 [2] - East China water - bottle chip price increased from 5918 to 5921, an increase of 3 [2] - Hot - filling polyester bottle chip price increased from 5918 to 5921, an increase of 3 [2] - Carbonated - grade polyester bottle chip price increased from 6018 to 6021, an increase of 3 [2] - Outer - market water - bottle chip price remained unchanged at 780 [2] - Bottle chip spot processing fee increased from 256 to 323, an increase of 67.29 [2] - T32S pure polyester yarn price remained unchanged at 10600 [2] - T32S pure polyester yarn processing fee increased from 4000 to 4025, an increase of 25 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16500 [2] - Cotton 328 price increased from 14460 to 14590, an increase of 130 [2] - Polyester - cotton yarn profit decreased from 1658 to 1626, a decrease of 32.57 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7130 [2] - Hollow staple fiber 6 - 15D cash - flow increased from 268 to 332, an increase of 64.29 [2] - Primary low - melting - point staple fiber price remained unchanged at 7250 [2] Market Conditions - In the spot market of polyester staple fiber, the prices of production enterprises are stable, traders' prices fluctuate within a range, downstream purchases as needed, and on - site transactions are limited [2] - The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets is between 5880 - 5990 yuan/ton, with the average price dropping by 15 yuan/ton compared to the previous working day. Polyester raw materials and bottle chip futures are weakly volatile, most supply - side quotes are stable, downstream demand is cautious, and market transactions are light [2] Load and Production and Sales - Direct - spinning staple fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3] - Polyester staple fiber production and sales rate decreased from 60.00% to 76.00%, a decrease of 16.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Regenerated cotton - type load index (weekly) remained unchanged at 50.40% [3]