短纤：短期震荡，趋势有压力，轻仓过节，瓶片：短期震荡，趋势有压力，轻仓过节

Report Summary Investment Ratings - Short fiber: Short-term oscillation, downward pressure in the trend, recommend holding a light position during holidays [1] - Bottle chip: Short-term oscillation, downward pressure in the trend, recommend holding a light position during holidays [1] Core Views - Short fiber and bottle chip markets show short-term oscillation with downward pressure in the trend, and investors are advised to hold light positions during holidays [1] Summary by Related Catalogs Fundamental Tracking - Short fiber: Short fiber 2510 decreased by 12 to 6314, short fiber 2511 increased by 10 to 6336, short fiber 2512 decreased by 38 to 6296; PF10 - 11 decreased by 22 to -22, PF11 - 12 increased by 48 to 40; PF basis decreased by 15 to 99; short fiber main position decreased by 170 to 194058, main trading volume decreased by 10733 to 149651; short fiber East China spot price decreased by 5 to 6.435, and the production and sales rate increased by 7% to 52% [1] - Bottle chip: Bottle chip 2510 decreased by 14 to 5832, bottle chip 2511 decreased by 6 to 5796, bottle chip 2512 decreased by 4 to 5798; PR10 - 11 decreased by 8 to 36, PR11 - 12 decreased by 2 to -2; PR main basis increased by 6 to -16; bottle chip main position decreased by 6289 to 20146, main trading volume decreased by 14239 to 42587; bottle chip East China and South China spot prices remained unchanged at 5780 and 5860 respectively [1] Spot News - Short fiber: Direct - spun polyester staple fiber futures rebounded after following raw material price drops, factory quotes remained stable, and transactions were negotiated on a case - by - case basis. The mainstream negotiation range for semi - bright 1.4D was 6350 - 6550. Traders offered some discounts, but downstream pre - holiday restocking was mostly completed, and today's transactions declined significantly. As of 3:00 pm, the average production and sales rate was 52% [1] - Bottle chip: Upstream polyester raw material futures fluctuated and closed down. Polyester bottle chip factory quotes were partially lowered by 20 - 50 yuan. The daily polyester bottle chip market transactions were average. Orders from September to November were mostly traded at 5780 - 5890 yuan/ton ex - factory, and a small number of individual brands were slightly lower at 5730 - 5750 yuan/ton ex - factory [2] Trend Intensity - Short fiber trend intensity: 0; bottle chip trend intensity: 0 (only refers to the daily main contract futures price fluctuation on the reporting day). The trend intensity ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [3]