瓶片短纤数据日报-20251009

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - During the National Day holiday, crude oil prices were weak, PX market trading was sluggish, and polyester downstream procurement stagnated. Asian naphtha cracking was stable, the spread between MX and naphtha narrowed, and the spread between PX and MX decreased, supporting PX short - process profit. The US - Asia MX arbitrage window widened but there was no news of shipments from South Korea to the US. Domestic large - scale PTA plants were under rotation inspection, PTA production declined, and PTA basis fell quickly with no significant demand surge. Polyester operating load rebounded to 91%. Due to the weak crude oil, PTA was weak, and bottle chips and short fibers continued to fluctuate with costs [2] Group 3: Summary of Related Indexes Spot and Futures Prices - PTA spot price dropped from 4590 to 4535, a decrease of 55; MEG inner - market price dropped from 4295 to 4275, a decrease of 20; PTA closing price dropped from 4652 to 4594, a decrease of 58; MEG closing price dropped from 4224 to 4207, a decrease of 17; 1.4D direct - spun polyester staple fiber price dropped from 6480 to 6465, a decrease of 15; short - fiber basis increased from 110 to 129, an increase of 19; 10 - 11 spread remained unchanged at 22; polyester staple fiber cash flow increased from 240 to 246, an increase of 6; 1.4D imitation large - chemical fiber price remained unchanged at 5525; the spread between 1.4D direct - spun and imitation large - chemical fiber decreased from 955 to 940, a decrease of 15; East China water bottle chip price dropped from 5838 to 5812, a decrease of 26; hot - filling polyester bottle chip price dropped from 5838 to 5812, a decrease of 26; carbonated - grade polyester bottle chip price dropped from 5938 to 5912, a decrease of 26; outer - market water bottle chip price remained unchanged at 760; bottle chip spot processing fee increased from 475 to 502, an increase of 27.73; T32S pure polyester yarn price remained unchanged at 10300; T32S pure polyester yarn processing fee increased from 3820 to 3835, an increase of 15; polyester - cotton yarn 65/35 45S price remained unchanged at 16350; cotton 328 price dropped from 14630 to 14545, a decrease of 85; polyester - cotton yarn profit increased from 1524 to 1566, an increase of 42.08; primary three - dimensional hollow (with silicon) price remained unchanged at 7020; hollow short - fiber 6 - 15D cash flow increased from 457 to 510, an increase of 53.73; primary low - melting - point short - fiber price remained unchanged at 7350 [2] Market Conditions - Short - fiber: The main futures price of polyester staple fiber dropped 50 to 6276. In the spot market, the prices of polyester staple fiber production plants were stable, while those of traders declined weakly. Downstream buyers purchased as needed, and on - site transactions were differentiated. 1.56dtex*38mm semi - bright natural white (1.4D) polyester staple fiber prices were 6250 - 6550 in the East China market, 6370 - 6670 in the North China market, and 6280 - 6450 in the Fujian market. Bottle chips: The polyester bottle chip market price declined. PTA and bottle chip futures were weak, and the supply - side quotations of bottle chips were lowered. Downstream end - users replenished stocks due to rigid demand, and the market negotiation atmosphere was relatively active [2] Operating Rates and Sales Ratios - Direct - spun short - fiber load (weekly) increased from 93.90% to 94.40%, an increase of 0.01; polyester staple fiber sales ratio increased from 52.00% to 57.00%, an increase of 5.00%; polyester yarn startup rate (weekly) remained unchanged at 63.50%; recycled cotton - type load index (weekly) increased from 51.00% to 51.50%, an increase of 0.01 [3]