瓶片短纤数据日报-20250728
Guo Mao Qi Huo·2025-07-28 07:53
- Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - Commodity sentiment has turned positive, domestic PTA production capacity supply has shrunk, PTA port inventories have declined, and a large number of warehouse receipts are being cancelled [2] - The spread between PX and naphtha has expanded to around $250, while the alkyl transfer and TDP profit margins are not optimistic. The spread between PX and MX remains at around $90 [2] - In July, bottle chips and short fibers are about to enter the maintenance cycle. Market port inventories are being depleted, and polyester replenishment has improved as the basis weakens [2] - The early maintenance of mainstream PTA factories has significantly boosted the market [2] 3. Summary According to Relevant Catalogs 3.1 Price Changes - PTA spot price increased from 4815 to 4895, with a change of 80 [2] - MEG domestic price rose from 4530 to 4582, up 52 [2] - PTA closing price went up from 4850 to 4936, an increase of 86 [2] - MEG closing price increased from 4485 to 4545, up 60 [2] - 1.4D direct-spun polyester staple fiber price rose from 6650 to 6705, up 55 [2] - Short fiber basis increased from 152 to 160, up 8 [2] - 8 - 9 spread changed from 8 to 22, a change of 14 [2] - Polyester staple fiber cash flow increased from 240 to 246, up 6 [2] - 1.4D imitation large chemical fiber price remained unchanged at 5750 [2] - The spread between 1.4D direct-spun and imitation large chemical fiber increased from 900 to 955, up 55 [2] - East China water bottle chip price increased from 5992 to 6084, up 92 [2] - Hot-filled polyester bottle chip price rose from 5992 to 6084, up 92 [2] - Carbonated-grade polyester bottle chip price increased from 6092 to 6184, up 92 [2] - Outer market water bottle chip price increased from 790 to 791, up 1 [2] - Bottle chip spot processing fee increased from 358 to 364, up 6.18 [2] - T32S pure polyester yarn price remained unchanged at 10420 [2] - T32S pure polyester yarn processing fee decreased from 3770 to 3715, down 55 [2] - Polyester-cotton yarn 65/35 45S price remained unchanged at 16300 [2] - Cotton 328 price decreased from 15350 to 15280, down 70 [2] - Polyester-cotton yarn profit decreased from 1089 to 1079, down 10.01 [2] - Virgin three-dimensional hollow (with silicon) price remained unchanged at 7045 [2] - Hollow short fiber 6 - 15D cash flow decreased from 211 to 125, down 85.82 [2] - Virgin low-melting short fiber price remained unchanged at 7370 [2] 3.2 Market Conditions - Short fiber: Driven by the anti-involution market, the overall trend of the commodity market was strong during the day. The spot market of polyester staple fiber fluctuated upwards following the futures price. The continuous price increase boosted downstream buying, the daily sales of factories improved slightly, and the quotation center of traders moved up [2] - Bottle chips: The market price of polyester bottle chips increased. Polyester raw materials PTA and bottle chip futures fluctuated strongly. During the day, the supply-side quotations of bottle chips were adjusted upwards. Downstream terminals were cautiously waiting and watching, the market trading atmosphere was cold, and it was difficult to make high-level transactions [2] 3.3 Load and Production and Sales Rates - Direct-spun short fiber load (weekly) decreased from 92.30% to 93.00%, a change of -0.01 [3] - Polyester staple fiber production and sales rate increased from 69.00% to 74.00%, up 5.00% [3] - Polyester yarn startup rate (weekly) decreased from 66.00% to 65.00%, a change of -0.01 [3] - Regenerated cotton-type load index (weekly) decreased from 51.50% to 46.00%, a change of -0.06 [3]