短纤：高位震荡20251231瓶片

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View The short - fiber and bottle - chip markets are expected to be in a high - level shock state as of December 31, 2025. The short - fiber futures showed a relatively strong shock, and the bottle - chip market's trading atmosphere slightly recovered with upstream raw materials rising [1][2]. 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Short - fiber: For short - fiber futures, the prices of short - fiber 2601, 2602, and 2603 were 6700, 6564, and 6556 respectively, with changes of 18, 24, and - 104 compared to the previous day. The short - fiber主力持仓量 increased by 35898 to 223942, and the主力成交量 decreased by 12854 to 185172. The short - fiber华东现货价格 rose by 10 to 6.540, and the short - fiber产销率 increased by 1% to 55% [1]. - Bottle - chip: For bottle - chip futures, the prices of bottle - chip 2601, 2602, and 2603 were 5850, 6040, and 6050 respectively, with changes of 62, 18, and 22 compared to the previous day. The bottle - chip主力持仓量 increased by 1087 to 39111, and the主力成交量 decreased by 23164 to 45895. The bottle - chip华东现货 price and bottle - chip华南现货 price remained unchanged at 6035 and 6080 respectively [1]. 3.2 Spot News - Short - fiber: The short - fiber futures were in a relatively strong shock. The factory's spot quotes remained stable, with the semi - bright 1.4D mainstream quotes in the range of 6650 - 6700. The trading volume was still low, and the downstream purchased on demand. As of 3:00 pm, the average sales - to - production ratio was 55% [1]. - Bottle - chip: The upstream raw materials fluctuated and closed higher. The polyester bottle - chip factory quotes were mostly stable. The trading atmosphere in the polyester bottle - chip market slightly recovered, and the orders from December to February were mostly traded at 6000 - 6100 yuan/ton ex - factory, with some slightly lower at 5960 - 5980 yuan/ton ex - factory [2]. 3.3 Trend Intensity The short - fiber trend intensity and bottle - chip trend intensity were both 0, indicating a neutral state for the day - session main - contract futures price fluctuations on the report day [2].