瓶片短纤数据日报-20251029

Group 1: Industry Investment Rating - No information provided Group 2: Core Views - The news of the PTA industry advancing the "anti-involution" policy has driven the rapid rise of PTA prices. However, with the post - market decline of crude oil, PTA prices may fall back [2]. - Although the overall load of domestic PTA plants has been adjusted down due to low processing fees, the polyester industry's profit is still constrained by over - capacity pressure from new production capacity and overseas plant commissioning [2]. - After long - term low - level operation, PTA prices rebounded rapidly due to policy expectations. Currently, the operating rate of polyester downstream remains above 91%, with demand slightly exceeding expectations and recent polyester production and sales being relatively high [2]. - Against the backdrop of positive news from the China - US economic and trade negotiations over the weekend, overseas demand for Chinese textile and clothing products is expected to recover [2]. Group 3: Summary by Index Price Changes - PTA spot price increased from 4505 to 4535, up 30 [2]. - MEG inner - market price decreased from 4183 to 4167, down 16 [2]. - PTA closing price decreased from 4616 to 4614, down 2 [2]. - MEG closing price decreased from 4109 to 4069, down 40 [2]. - 1.4D direct - spinning polyester staple fiber price increased from 6405 to 6445, up 40 [2]. - Short - fiber basis increased from 78 to 103, up 25 [2]. - 11 - 12 spread decreased from 14 to 36, down 22 [2]. - Polyester staple fiber cash flow increased from 240 to 246, up 6 [2]. - 1.4D imitation large - denier fiber price remained unchanged at 5400 [2]. - The price difference between 1.4D direct - spinning and imitation large - denier fiber increased from 1005 to 1045, up 40 [2]. - East China water - bottle chip price increased from 5725 to 5732, up 7 [2]. - Hot - filling polyester bottle chip price increased from 5725 to 5732, up 7 [2]. - Carbonated - grade polyester bottle chip price increased from 5825 to 5832, up 7 [2]. - Outer - market water - bottle chip price increased from 755 to 760, up 5 [2]. - Bottle - chip spot processing fee decreased from 472 to 459, down 13.29 [2]. - T32S pure polyester yarn price increased from 10300 to 10320, up 20 [2]. - T32S pure polyester yarn processing fee decreased from 3865 to 3875, down 20 [2]. - Polyester - cotton yarn 65/35 45S price remained unchanged at 16350 [2]. - Cotton 328 price decreased from 14565 to 14525, down 40 [2]. - Polyester - cotton yarn profit decreased from 1598 to 1587, down 11.40 [2]. - Primary three - dimensional hollow (with silicon) fiber price increased from 6955 to 7000, up 40 [2]. - Hollow staple fiber 6 - 15D cash flow increased from 502 to 522, up 19.71 [2]. - Primary low - melting - point staple fiber price remained unchanged at 7410 [2]. Market Conditions - Polyester staple fiber: The main futures of polyester staple fiber rose 50 to 6250. In the spot market, the prices of polyester staple fiber production plants were raised, and trader prices were warming up. Downstream buyers purchased as needed, and on - site transactions were limited [2]. - Polyester bottle chip: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 5730 - 5830 yuan/ton, with the average price rising 15 yuan/ton compared to the previous working day. PTA continued to rise, enhancing cost support. With the increasing willingness of suppliers to offer prices, the market negotiation increased slightly [2]. Operating Rates and Sales - Direct - spinning staple fiber load (weekly) increased from 93.90% to 94.40%, up 0.01 [3]. - Polyester staple fiber production and sales decreased from 80.00% to 40.00%, down 40.00% [3]. - Polyester yarn operating rate (weekly) remained unchanged at 63.50% [3]. - Regenerated cotton - type load index (weekly) decreased from 51.50% to 51.00%, down 0.01 [3].