瓶片短纤数据日报-20250918

Report Summary 1. Report Industry Investment Rating No information provided on the industry investment rating. 2. Core Viewpoints - Domestic PTA installations are gradually resuming, leading to an increase in domestic PTA production and a rapid decline in PTA basis. OPEC+ will consider increasing oil production again at Sunday's meeting. The spread between PX and naphtha remains stable. With the recent improvement in sales and inventory reduction, especially a significant reduction in filament inventory, downstream profits have been significantly repaired, and the operating load of polyester has rebounded to 91%. However, due to the decline in crude oil prices and the weakening of the basis, PTA has shown weak performance [2] 3. Summary by Relevant Catalogs Price Changes - PTA spot price increased from 4610 to 4620, with a change of 10 [2] - MEG domestic price decreased from 4385 to 4373, a change of -12 [2] - PTA closing price rose from 4688 to 4712, an increase of 24 [2] - MEG closing price increased from 4272 to 4297, a rise of 25 [2] - 1.4D direct - spun polyester staple fiber price remained unchanged at 6540 [2] - Short - fiber basis decreased from 102 to 87, a change of -15 [2] - 10 - 11 spread remained unchanged at 6 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - 1.4D imitation large - chemical fiber price remained unchanged at 5650 [2] - The spread between 1.4D direct - spun and imitation large - chemical fiber remained unchanged at 890 [2] - East China water bottle chip price decreased from 5874 to 2866, a change of -5 [2] - Hot - filled polyester bottle chip price decreased from 5874 to 2866, a change of -5 [2] - Carbonated - grade polyester bottle chip price decreased from 5974 to 5969, a change of -5 [2] - Outer - market water bottle chip price increased from 765 to 770, an increase of 5 [2] - Bottle chip spot processing fee decreased from 463 to 454, a change of -9.53 [2] - T32S pure polyester yarn price remained unchanged at 10300 [2] - T32S pure polyester yarn processing fee remained unchanged at 3760 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16270 [2] - Cotton 328 price decreased from 15015 to 15010, a change of -5 [2] - Polyester - cotton yarn profit increased from 1258 to 1260, an increase of 1.89 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7050 [2] - Hollow staple fiber 6 - 15D cash flow decreased from 439 to 435, a change of -4.53 [2] - Primary low - melting - point staple fiber price remained unchanged at 7430 [2] Operating Rate and Sales - Direct - spun staple fiber load (weekly) increased from 93.90% to 94.40%, a change of 0.01 [3] - Polyester staple fiber sales decreased from 64.00% to 54.00%, a change of -10.00% [3] - Polyester yarn operating rate (weekly) remained unchanged at 63.50% [3] - Regenerated cotton - type load index (weekly) increased from 51.00% to 51.50%, a change of 0.01 [3]