短纤：低位震荡，下方空间不大，瓶片：低位震荡，下方空间不大

Report Summary 1) Report Industry Investment Rating No information provided on the industry investment rating. 2) Core Viewpoints - Short - fiber and bottle - chip futures are in a low - level shock, with limited downside space [1] 3) Summary by Relevant Catalogs Fundamental Tracking - Short - fiber: - Futures prices of short - fiber contracts 2511, 2512, and 2601 decreased by 12, 8, and 62 respectively compared to the previous day. The PF11 - 12 spread decreased by 4, and the PF12 - 01 spread increased. The short - fiber主力基差 increased by 3. - The short - fiber主力持仓量 decreased by 74,771, and the short - fiber主力成交量 decreased by 205. - The short - fiber华东现货 price decreased by 5, and the short - fiber产销 rate decreased by 2% to 77% [1] - Bottle - chip: - Futures prices of bottle - chip contracts 2511, 2512, and 2601 decreased by 16, 14, and 18 respectively compared to the previous day. The PR11 - 12 spread decreased by 2, and the PR12 - 01 spread increased. The PR主力基差 decreased by 1. - The bottle - chip主力持仓量 increased by 1907, and the bottle - chip主力成交量 decreased by 37,819. - The bottle - chip华东现货 price decreased by 15, and the bottle - chip华南现货 price decreased by 10 [1] Spot News - Short - fiber: Short - fiber futures trended weakly. Factories maintained the guaranteed price, and there were discount negotiations for transactions. Some started selling the November contract. The overall sales of factories were okay, with an average production - sales ratio of 77% as of 3:00 pm [1] - Bottle - chip: The prices of upstream raw material futures dropped, and the quotes of polyester bottle - chip factories were partially lowered by 20 yuan. The market transactions of polyester bottle - chips were okay. Orders from October to December were mostly transacted at 5550 - 5680 yuan/ton ex - factory, with some slightly lower at around 5540 yuan/ton ex - factory and a small amount slightly higher at 5700 - 5710 yuan/ton ex - factory [2] Trend Intensity - The trend intensity of short - fiber and bottle - chip is 0, indicating a neutral trend for the day - session main - contract futures price fluctuations on the report day [2]