瓶片短纤数据日报-20250625

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints - The conflict between Iran and Israel has eased, leading to a significant drop in crude oil prices, and the chemical industry has followed suit. The polyester downstream load remains at 91.3% despite the expectation of a reduction, but the actual polyester production has reached a new high. Recent promotions have facilitated inventory reduction. PTA will reduce inventory in the coming period, and the action of major factories to increase the basis for sales has had a significant impact on the market, causing the PTA spot to become tight. Polyester has rapidly reduced inventory recently, and the polyester inventory has increased significantly. Affected by the rise in crude oil, the market's purchasing willingness has increased. The maintenance of a Northeast PX factory and a Zhejiang reforming unit has been postponed [2] Group 3: Summary by Related Catalog Spot Price Changes - PTA spot price decreased from 5260 to 5100, a decrease of 160 [2] - MEG domestic price decreased from 4597 to 4480, a decrease of 117 [2] - PTA closing price decreased from 5012 to 4776, a decrease of 236 [2] - MEG closing price decreased from 4501 to 4332, a decrease of 169 [2] - 1.4D direct-spun polyester staple fiber price decreased from 7020 to 6915, a decrease of 105 [2] - East China water bottle chip price decreased from 6230 to 6052, a decrease of 178 [2] - Hot-filled polyester bottle chip price decreased from 6230 to 6052, a decrease of 178 [2] - Carbonated-grade polyester bottle chip price decreased from 6330 to 6152, a decrease of 178 [2] - Outer disk water bottle chip price decreased from 820 to 810, a decrease of 10 [2] - T32S pure polyester yarn price decreased from 10730 to 10700, a decrease of 30 [2] - Cotton 328 price increased from 14655 to 14710, an increase of 55 [2] - Polyester-cotton yarn 65/35 45S price remained unchanged at 16300 [2] - Primary three-dimensional hollow (with silicon) price decreased from 7380 to 7375, a decrease of 5 [2] - Primary low-melting-point staple fiber price decreased from 7605 to 7600, a decrease of 5 [2] Other Index Changes - Short fiber basis increased from 3 to 83, an increase of 86 [2] - 7 - 9 spread increased from 198 to 210, an increase of 12 [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 spread decreased from 1170 to 1065, a decrease of 105 [2] - Bottle chip spot processing fee decreased from 193 to 191, a decrease of 2.01 [2] - T32S pure polyester yarn processing fee increased from 3710 to 3785, an increase of 75 [2] - Polyester-cotton yarn profit increased from 1106 to 1155, an increase of 48.82 [2] - Hollow short fiber 6 - 15D cash flow increased from 143 to 314, an increase of 171 [2] Load and Production and Sales Data - Direct-spun short fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3] - Polyester staple fiber production and sales decreased from 53.00% to 27.00%, a decrease of 26.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Regenerated cotton-type load index (weekly) remained unchanged at 50.40% [3]