瓶片短纤数据日报-20251104

Group 1: Report's Core View - Sino-US trade negotiations have made progress, but the situation has not exceeded market expectations, and market optimism has declined [2] - PTA supply has slightly contracted, polyester production is stable, and polyester load remains above 90%. China's polyester exports are still optimistic [2] - Although there are rumors that polyester will fight against involution, due to the lack of more information from the meeting, PTA processing fees have been compressed to less than 200. The industry profit is still constrained by over - capacity caused by new device commissioning [2] - Despite the end of the peak seasons of "Golden September and Silver October", export demand may improve under the background of the easing of the Sino - US trade war. The current peak season in the downstream weaving industry is expected to last until November [2] Group 2: Data Summary Spot Price and Closing Price - PTA spot price increased from 4510 to 4535, and the closing price rose from 4586 to 4596 [2] - MEG inner - market price decreased from 4106 to 4068, and the closing price dropped from 4018 to 3970 [2] - 1.4D direct - spinning polyester staple fiber price decreased from 6405 to 6390 [2] Other Indicators - Short - fiber basis decreased from 174 to 131, and the 12 - 1 spread decreased from 38 to 46 [2] - Polyester staple fiber cash flow increased from 240 to 246 [2] - Polyester bottle sheet average price in Jiangsu and Zhejiang remained flat, and the spot processing fee increased from 466 to 475 [2] - T32S pure - polyester yarn price and 1.4D imitation large - chemical fiber price remained unchanged [2] - The price difference between 1.4D direct - spinning and imitation large - chemical fiber decreased from 1005 to 990 [2] Load and Production and Sales - Direct - spinning staple fiber load (weekly) increased from 93.90% to 94.40% [3] - Polyester staple fiber production and sales decreased from 49.00% to 47.00% [3] - Polyester yarn startup rate (weekly) remained at 63.50%, and recycled cotton - type load index (weekly) increased from 51.00% to 51.50% [3]