瓶片短纤数据日报-20250902

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating [1][2][3] 2. Core Viewpoints - The spread between PX and naphtha has expanded, and the weak benzene price has restrained the further increase in PX output to some extent. The spread between PX and MX has recovered. The downstream load of polyester has remained at around 88%. Domestic PTA plants have gradually resumed operation, and domestic PTA output has rebounded. With the recent improvement in sales and inventory reduction, especially the significant reduction in filament inventory, profits have been significantly repaired. However, there are strong expectations for maintenance of some downstream devices [2] 3. Summary by Related Catalogs Spot Price and Index Changes - PTA spot price decreased from 4740 to 4720, a change of -20 [2] - MEG domestic price decreased from 4536 to 4513, a change of -23 [2] - PTA closing price decreased from 4784 to 4772, a change of -12 [2] - MEG closing price decreased from 4466 to 4427, a change of -39 [2] - 1.4D direct - spun polyester staple fiber price decreased from 6610 to 6605, a change of -5 [2] - Short - fiber basis decreased from 148 to 136, a change of -12 [2] - 9 - 10 spread increased from 84 to 78, a change of 6 [2] - Polyester staple fiber cash flow increased from 240 to 246, a change of 6 [2] - 1.4D imitation large - chemical fiber price remained unchanged at 5700 [2] - The price difference between 1.4D direct - spun and imitation large - chemical fiber decreased from 910 to 905, a change of -5 [2] - East China water bottle chip price increased from 5907 to 5936, a change of 29 [2] - Hot - filled polyester bottle chip price increased from 5907 to 5936, a change of 29 [2] - Carbonated - grade polyester bottle chip price increased from 6007 to 6036, a change of 29 [2] - Outer - market water bottle chip price decreased from 780 to 775, a change of -5 [2] - Bottle chip spot processing fee increased from 335 to 389, a change of 53.81 [2] - T32S pure polyester yarn price remained unchanged at 10330 [2] - T32S pure polyester yarn processing fee increased from 3720 to 3725, a change of 5 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16300 [2] - Cotton 328 price decreased from 15380 to 15175, a change of -205 [2] - Polyester - cotton yarn profit increased from 1104 to 1185, a change of 80.80 [2] - Primary three - dimensional hollow (with silicon) price increased from 7120 to 7130, a change of 10 [2] - Hollow short - fiber 6 - 15D cash flow increased from 348 to 383, a change of 34.81 [2] - Primary low - melting - point short - fiber price increased from 7470 to 7500, a change of 30 [2] Load and Production and Sales Indicators - Direct - spun short - fiber load (weekly) increased from 90.60% to 91.10%, a change of 0.01 [3] - Polyester staple fiber production and sales decreased from 48.00% to 40.00%, a change of -8.00% [3] - Polyester yarn startup rate (weekly) increased from 62.00% to 62.80%, a change of 0.01 [3] - Regenerated cotton - type load index (weekly) decreased from 49.50% to 49.00%, a change of 0.01 [3]