瓶片短纤数据日报-20251212

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints - Gasoline cracking profit has declined, and gasoline blending performance has weakened. The economic performance of the PX industry chain is significantly differentiated. The PX - naphtha spread has widened to $252, reflecting raw material cost pressure, while the by - product benzene price has dropped sharply, resulting in only a slight increase in the PX - benzene spread to $210, weakening the overall profit of the combined aromatics unit. PX costs are high and PTA profits are under pressure, but integrated enterprises have significantly improved economic benefits due to the advantage of self - supplied raw materials. New polyester installations have pushed the polyester load to a high level, and PTA consumption is close to the historical high set in May. Although domestic demand has weakened seasonally, polyester factories have low inventory and low willingness to cut production. The cancellation of the Indian BIS certification is expected to drive export growth and provide additional support for demand. The costs of bottle chips and short fibers follow accordingly [2] Group 3: Summary of Related Data Price and Cost Data - PTA spot price increased from 4605 to 4640, with a change of 35; MEG inner - market price decreased from 3674 to 3631, with a change of - 43; PTA closing price increased from 4616 to 4664, with a change of 48; MEG closing price decreased from 3682 to 3599, with a change of - 83; 1.4D direct - spun polyester staple fiber price increased from 6310 to 6355, with a change of 45; short - fiber basis remained unchanged at 107; 1 - 2 spread decreased from 10 to 6, with a change of - 4; polyester staple fiber cash flow increased from 240 to 246, with a change of 6; 1.4D imitation large - chemical fiber price remained unchanged at 5350; the price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 960 to 1005, with a change of 45; East China water bottle chip price increased from 5687 to 5689, with a change of 2; hot - filling polyester bottle chip price increased from 5687 to 5689, with a change of 2; carbonated - grade polyester bottle chip price increased from 5787 to 5789, with a change of 2; outer - market water bottle chip price increased from 750 to 755, with a change of 5; bottle - chip spot processing fee decreased from 519 to 505, with a change of - 14; T32S pure polyester yarn price remained unchanged at 10280; T32S pure polyester yarn processing fee decreased from 3970 to 3925, with a change of - 45; polyester - cotton yarn 65/35 45S price remained unchanged at 16300; cotton 328 price increased from 14590 to 14630, with a change of 40; polyester - cotton yarn profit decreased from 1601 to 1556, with a change of - 45; primary three - dimensional hollow (with silicon) price remained unchanged at 7040; hollow short - fiber 6 - 15D cash flow decreased from 672 to 656, with a change of - 16; primary low - melting - point short - fiber price remained unchanged at 7605 [2] Market and Production Data - Direct - spun short - fiber load (weekly) increased from 88.37% to 89.32%, with a change of 0.95%; polyester staple fiber production and sales remained unchanged at 55.00%; polyester yarn startup rate (weekly) remained unchanged at 66.00%; recycled cotton - type load index (weekly) remained unchanged at 51.10% [2][3]