聚酯数据日报-20250828

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The PTA market declined due to the failure of crude oil to recover Tuesday's losses, the negation of PX device maintenance rumors, and sufficient spot supply [2]. - The ethylene glycol (MEG) market showed narrow - range fluctuations in futures prices and slightly stronger basis negotiations [2]. - The polyester market showed positive price performance, especially in terms of good inventory reduction in filament, with continuous optimistic sales and significant profit repair [2]. 3. Summary by Catalog 3.1 Market Data - Crude Oil: INE crude dropped from 496.1 yuan/barrel on August 26th to 479.7 yuan/barrel on August 27th, a decrease of 16.40 yuan/barrel [2]. - PTA: PTA - SC increased from 1264.8 yuan/ton to 1338.0 yuan/ton; PTA/SC rose from 1.3508 to 1.3838. The PTA main contract price fell from 4870 yuan/ton to 4824 yuan/ton, and the spot price dropped from 4870 yuan/ton to 4835 yuan/ton [2]. - PX: CFR China PX decreased from 864 to 854, and the PX - naphtha spread narrowed from 272 to 254 [2]. - MEG: The MEG main contract price decreased from 4490 yuan/ton to 4481 yuan/ton. The MEG - naphtha was (100.00) yuan/ton on August 26th and (100.19) yuan/ton on August 27th [2]. 3.2 Industry Chain Operation - Operating Rates: PX, PTA, MEG, and polyester load operating rates remained unchanged at 80.38%, 72.16%, 60.27%, and 86.11% respectively [2]. 3.3 Product Performance - Polyester Filament: POY cash flow improved from (54) to (24); FDY cash flow improved from (299) to (269); DTY cash flow improved from (74) to (69). The filament sales rate decreased from 50% to 40% [2]. - Polyester Staple Fiber: The 1.4D direct - spun polyester staple fiber price remained unchanged at 6680 yuan/ton, and the cash flow increased from 91 to 121. The short - fiber sales rate decreased from 41% to 39% [2]. - Polyester Chips: The semi - bright chip price decreased from 5890 yuan/ton to 5880 yuan/ton, and the cash flow improved from (149) to (129). The chip sales rate increased from 54% to 67% [2]. 3.4 Device Maintenance - A 2.5 - million - ton PTA device in South China started maintenance today, and another 2.5 - million - ton device is expected to start maintenance around August 23rd, with an expected maintenance time of over one month [2].