国泰君安期货短纤：成交支撑低位震荡，下方空间不大瓶片

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core Viewpoints - Both short - fiber and bottle - chip markets are supported by trading volume and are in a low - level oscillation with limited downside space [1]. - The trend strength of short - fiber and bottle - chip on the reporting day's daytime session of the main contract futures price fluctuation is neutral, with a value of 0 [2]. 3) Summary by Related Catalogs Fundamental Tracking - Short - fiber: - Futures prices of short - fiber 2511, 2512, and 2601 increased by 44, 42, and 24 respectively compared to the previous day. PF11 - 12 increased by 2, PF12 - 01 increased by 18, and the main contract basis decreased by 42. - The main contract's open interest increased by 156,786 to 276,286, and the trading volume increased by 140,234 to 187,340. The production - sales ratio increased by 33% to 79%. The spot price in East China remained unchanged at 6,305 [1]. - Bottle - chip: - Futures prices of bottle - chip 2511, 2512, and 2601 increased by 34, 36, and 44 respectively compared to the previous day. PR11 - 12 decreased by 2, PR12 - 01 decreased by 8, and the main contract basis decreased by 16. - The main contract's open interest increased by 11,316 to 35,207, and the trading volume increased by 19,029 to 42,764. The spot price in East China increased by 20 to 5,650, and in South China increased by 30 to 5,680 [1]. Spot News - Short - fiber: Futures prices oscillated upwards. Some trade discounts were reduced, and many traders held back sales due to low inventory. Factory quotes remained stable, and sales improved with an average production - sales ratio of 79% by 3:00 pm. Downstream pure - polyester yarn and polyester - cotton yarn quotes remained stable, but sales were average [1]. - Bottle - chip: Upstream raw material futures prices rose, and some polyester bottle - chip factories raised prices by 20 - 50 yuan. Market trading was fair, and some factories raised quotes after increased trading volume in the afternoon. Orders from October to December were mainly traded at 5,600 - 5,750 yuan/ton ex - factory, with some trade prices slightly lower at 5,560 - 5,590 yuan/ton ex - factory and slightly higher at 5,730 - 5,750 yuan/ton ex - factory [2].