瓶片短纤数据日报-20251014

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints - Market competition intensifies, crude oil prices drop significantly. PX market trading is sluggish, and transaction prices plunge. Polyester downstream procurement halts. Asian naphtha cracking operates stably, the spread between MX and naphtha narrows from $88/ton last week to $85/ton, and the spread between PX and MX drops to $132, continuing to support PX short - process profit. The US - Asia MX arbitrage window widens to $185, but there is no news of shipments from South Korea to the US. Domestic large - scale PTA plants conduct rotational inspections, domestic PTA production declines, domestic PTA basis weakens, and demand shows stability. Polyester's operating load rebounds to 91%. Due to the weak crude oil, PTA performs weakly. Bottle chips and short fibers continue to follow cost fluctuations [2] Group 3: Data Summary Spot Price Changes - PTA spot price drops from 4490 to 4440, a change of - 50 [2] - MEG inner - market price drops from 4206 to 4171, a change of - 35 [2] - 1.56dtex*38mm semi - bright natural white (1.4D) polyester short - fiber in the East China market: price range is 6170 - 6510 (cash on the spot, tax - included self - pick - up); in the North China market: 6290 - 6630 (cash on the spot, tax - included delivery); in the Fujian market: 6170 - 6400 (cash on the spot, tax - included delivery) [2] - Polyester bottle chips in the Jiangsu and Zhejiang market: mainstream negotiation range is 5700 - 5780 yuan/ton, with the average price dropping 30 yuan/ton compared to the previous working day [2] Futures and Related Index Changes - Polyester short - fiber main futures contract drops 52 to 6132 [2] - Short - fiber basis changes from 165 to 172, an increase of 7 [2] - 11 - 12 spread changes from 38 to 34, a decrease of 4 [2] - Polyester short - fiber cash flow changes from 240 to 246, an increase of 6 [2] - 1.4D imitation large - chemical fiber price drops from 5500 to 5525, a change of - 25 [2] - The spread between 1.4D direct - spinning and imitation large - chemical fiber changes from 910 to 900, a decrease of 10 [2] - East China water - bottle chips price drops from 5743 to 5704, a change of - 39 [2] - Hot - filling polyester bottle chips price drops from 5743 to 5704, a change of - 39 [2] - Carbonated - grade polyester bottle chips price drops from 5843 to 5804, a change of - 39 [2] - Outer - market water - bottle chips price drops from 750 to 755, a change of - 5 [2] - Bottle - chip spot processing fee changes from 495 to 511, an increase of 15.48 [2] - T32S pure polyester yarn price drops from 10290 to 10300, a change of - 10 [2] - T32S pure polyester yarn processing fee changes from 3880 to 3875, a decrease of 5 [2] - Polyester - cotton yarn 65/35 45S price remains unchanged at 16350 [2] - Cotton 328 price drops from 14450 to 14500, a change of - 50 [2] - Polyester - cotton yarn profit changes from 1638 to 1609, a decrease of 28.84 [2] - Primary three - dimensional hollow (with silicon) price drops from 6990 to 7000, a change of - 10 [2] - Hollow short - fiber 6 - 15D cash flow changes from 552 to 597, an increase of 44.48 [2] - Primary low - melting - point short - fiber price remains unchanged at 7350 [2] Operating Load and Production and Sales Data - Direct - spinning short - fiber load (weekly): changes from 94.40% to 93.90%, a decrease of 0.01 [3] - Polyester short - fiber production and sales: changes from 59.00% to 66.00%, an increase of 7.00% [3] - Polyester yarn startup rate (weekly): remains unchanged at 63.50% [3] - Regenerated cotton - type load index (weekly): changes from 51.00% to 51.50%, an increase of 0.01 [3]