聚酯数据日报-20250710

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The PTA market is bearish as the PTA price declines, downstream polyester factories cut production, expected supply increases, and market sentiment is weak. The MEG market shows stable futures and spot prices, with a stable basis. The polyester industry is facing challenges as polyester enters the maintenance cycle, downstream weaving profits shrink, and terminal loads decline [2]. Summary by Relevant Catalogs Market Data - INE crude oil price rose from 510.7 yuan/barrel on July 8th to 519.7 yuan/barrel on July 9th, an increase of 9.00 yuan [2]. - PTA-SC spread decreased from 998.7 yuan/ton to 941.3 yuan/ton, a decrease of 57.40 yuan; PTA/SC ratio decreased from 1.2691 to 1.2492, a decrease of 0.0199 [2]. - CFR China PX price rose from 847 to 850, an increase of 3; PX-naphtha spread decreased from 270 to 264, a decrease of 7 [2]. - PTA主力期价 rose from 4710 yuan/ton to 4718 yuan/ton, an increase of 8.0 yuan; PTA现货价格 decreased from 4800 yuan/ton to 4750 yuan/ton, a decrease of 50.0 yuan [2]. - PTA现货加工费 decreased from 225.8 yuan/ton to 159.1 yuan/ton, a decrease of 66.7 yuan; PTA盘面加工费 decreased from 135.8 yuan/ton to 127.1 yuan/ton, a decrease of 8.7 yuan [2]. - PTA主力基差 decreased from 91 to 36, a decrease of 55.0; PTA仓单数量 increased from 33905 to 36155, an increase of 2250 [2]. - MEG主力期价 rose from 4267 yuan/ton to 4283 yuan/ton, an increase of 16.0 yuan; MEG内盘 rose from 4345 to 4347, an increase of 2.0 [2]. - MEG主力基差 decreased from 72 to 70, a decrease of 2.0; MEG-naphtha spread increased from (118.07) yuan/ton to (117.26) yuan/ton, an increase of 0.8 [2]. Industry Chain开工情况 - PX开工率 remained at 78.98%; PTA开工率 remained at 80.59%; MEG开工率 remained at 57.41%;聚酯负荷 remained at 87.30% [2]. Polyester Product Data - POY150D/48F price decreased from 6760 to 6700, a decrease of 60.0; POY现金流 decreased from (50) to (67), a decrease of 17.0 [2]. - FDY150D/96F price remained at 6975; FDY现金流 increased from (335) to (292), an increase of 43.0 [2]. - DTY150D/48F price decreased from 8055 to 7960, a decrease of 95.0; DTY现金流 decreased from 45 to (7), a decrease of 52.0 [2]. - 长丝产销 increased from 34% to 41%, an increase of 7% [2]. - 1.4D直纺涤短 price decreased from 6735 to 6730, a decrease of 5; 涤短现金流 increased from 275 to 313, an increase of 38.0 [2]. - 短纤产销 increased from 45% to 50%, an increase of 5% [2]. - 半光切片 price decreased from 5805 to 5800, a decrease of 5.0; 切片现金流 increased from (105) to (67), an increase of 38.0 [2]. - 切片产销 decreased from 47% to 44%, a decrease of 3% [2]. Device Maintenance - A 1.5 million - ton PTA device in East China has restarted after a shutdown for maintenance around May 6th. A 3 million - ton PTA device in East China has shut down for maintenance recently, with an expected maintenance period of about 10 days [2].