短纤：下方空间不大仍震荡对待，多PF空PR持有，瓶片：下方空间不大仍震荡对待，多 PF 空 PR 持有
Guo Tai Jun An Qi Huo·2025-09-04 03:29

Report Industry Investment Rating - Short fiber: Hold [1] - Bottle chip: Hold [1] Core Viewpoints - The downside space for short fiber and bottle chip is limited, and they should be treated as range - bound. The strategy is to go long on PF and short on PR [1] Summary According to Related Content Fundamental Tracking Short Fiber - Futures prices: Short fiber 2509 was 6350 yesterday, down 10 from the day before; short fiber 2510 was 6410, down 30; short fiber 2511 was 6410, down 58 [1] - Spread: PF09 - 10 was - 60, up 20; PF10 - 11 was 0, up 28; PF basis was 85, up 10 [1] - Position and volume: The short fiber main position volume was 104,824, down 61,547; the main trading volume was 97,885, down 10,672 [1] - Spot price and sales rate: The short fiber spot price in East China was 6,495, down 20; the sales - to - production ratio was 41%, down 4% [1] Bottle Chip - Futures prices: Bottle chip 2509 was 0 yesterday, down 5808 from the day before; bottle chip 2510 was 5884, down 28; bottle chip 2511 was 5892, down 18 [1] - Spread: PR09 - 10 was - 5884, down 5780; PR10 - 11 was - 8, down 10; PR main basis was - 24, up 8 [1] - Position and volume: The bottle chip main position volume was 33,026, up 490; the main trading volume was 71,609, up 30,209 [1] - Spot price: The bottle chip spot price in East China was 5860, down 20; in South China, it was 5940, down 10 [1] Spot News Short Fiber - Futures followed raw materials to weaken. Spot factory quotes remained stable, and transactions were negotiated on a case - by - case basis. Traders offered discounts. The mainstream negotiation range for semi - bright 1.4D was 6350 - 6700. The average sales - to - production ratio was 41% [2] Bottle Chip - Upstream polyester raw material futures declined slightly. Factory quotes were mostly stable. Low - level transactions were fair. Orders from September to November were mostly traded at 5850 - 5950 yuan/ton ex - factory [2] Trend Intensity - Short fiber trend intensity: 0; bottle chip trend intensity: 0 (only referring to the daily - session main - contract futures price fluctuation on the reporting day) [2]