聚酯数据日报-20251120

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - PTA prices rose due to concerns about reduced PX supply and extended maintenance of a 2.2 million - ton PTA plant in East China, with spot basis strengthening and average downstream polyester sales [2]. - PX prices rebounded due to factors like high gasoline profit rates and low pure - benzene prices, which limited PX production. PTA supply slightly shrank, polyester开工 remained stable above 90%, and domestic polyester exports were optimistic. The downstream weaving industry performed well after "Golden September and Silver October" [2]. - The inventory of ethylene glycol in East China ports increased by 120,000 tons. New plant launches pressured ethylene glycol prices, and coal price increases did not strongly support costs. The Sino - US trade negotiation may increase textile and clothing export demand [2]. Group 3: Summary According to Related Catalogs Market Data - INE Crude Oil: Price increased from 458.8 to 464.5 yuan/barrel, a change of 5.70 yuan [2]. - PTA - SC: Value increased from 1335.9 to 1336.4, a change of 0.58 [2]. - PTA/SC (Ratio): Decreased from 1.4007 to 1.3959, a change of - 0.0047 [2]. - CFR China PX: Price increased from 827 to 832, a change of 5 [2]. - PX - Naphtha Spread: Increased from 256 to 264, a change of 8 [2]. - PTA Main Futures Price: Increased from 4670 to 4712 yuan/ton, a change of 42.0 yuan/ton [2]. - PTA Spot Price: Increased from 4610 to 4640 yuan/ton, a change of 30.0 yuan/ton [2]. - PTA Spot Processing Fee: Increased from 176.1 to 188.4 yuan/ton, a change of 12.2 yuan/ton [2]. - PTA Futures Processing Fee: Increased from 246.1 to 260.4 yuan/ton, a change of 14.2 yuan/ton [2]. - PTA Main Basis: No change, remaining at (72) [2]. - PTA Warehouse Receipt Quantity: No change, remaining at 111,696 [2]. - MEG Main Futures Price: Decreased from 3907 to 3903 yuan/ton, a change of - 4.0 yuan/ton [2]. - MEG - Naphtha: Decreased from (146.49) to (146.68) yuan/ton, a change of - 0.2 yuan/ton [2]. - MEG Domestic Market: Decreased from 3952 to 3919 yuan/ton, a change of - 33.0 yuan/ton [2]. - MEG Main Basis: Decreased from 36 to 26, a change of - 10.0 [2]. Industry Chain Operating Conditions - PX Operating Rate: Remained at 87.39% [2]. - PTA Operating Rate: Remained at 74.55% [2]. - MEG Operating Rate: Decreased from 61.86% to 60.73%, a change of - 1.13% [2]. - Polyester Load: Remained at 88.69% [2]. Product Data - POY 150D/48F: No change [2]. - POY Cash Flow: Decreased from 70 to 55, a change of - 15.0 [2]. - FDY 150D/96F: No change [2]. - FDY Cash Flow: Decreased from (175) to (190), a change of - 15.0 [2]. - DTY 150D/48F: No change [2]. - DTY Cash Flow: Decreased from 150 to 135, a change of - 15.0 [2]. - Long - Filament Sales Volume: Increased from 41% to 65%, a change of 24% [2]. - 1.4D Direct - Spun Polyester Staple Fiber: Increased from 6350 to 6370 yuan/ton, a change of 20 yuan/ton [2]. - Polyester Staple Fiber Cash Flow: Increased from 185 to 190, a change of 5.0 [2]. - Staple - Fiber Sales Volume: Increased from 49% to 73%, a change of 24% [2]. - Semi - Gloss Chip: Increased from 5565 to 5570 yuan/ton, a change of 5.0 yuan/ton [2]. - Chip Cash Flow: Decreased from (50) to (60), a change of - 10.0 [2]. - Chip Sales Volume: Decreased from 49% to 48%, a change of - 1% [2]. Device Maintenance - A 900,000 - ton/year ethylene glycol plant in Singapore, originally planned to restart around the end of December 2025, has postponed its restart, and the specific restart plan is unknown [2].