瓶片短纤数据日报-20260108

Group 1: Industry Investment Rating - No information provided Group 2: Core Views - US raid on Venezuela has raised geopolitical risks; OPEC+ stated that eight member countries will suspend increasing oil production in Q1 2026 [2] - PX market has experienced a sharp rise, mainly driven by speculative funds rather than fundamental changes. The futures market is leading the price discovery mechanism, and although there are concerns about bubbles, the PX fundamentals are supported. The market is expected to remain tight in 2026, driven by new PTA capacity in India and organic demand growth [2] - Domestic PTA maintains high operation, benefiting from stable domestic demand and the resumption of exports to India since the end of November. High gasoline spreads support aromatics. New polyester device launches keep the polyester load at a high level, with high PTA consumption and increased market hoarding willingness [2][3] - Polyester demand is affected by the domestic season, but the reduction in production by polyester factories is not enough to form a negative feedback [3] Group 3: Data Summary PTA and MEG - PTA spot price increased from 5030 to 5080, with a change of 50; MEG domestic price increased from 3666 to 3719, with a change of 53 [2] - PTA closing price remained unchanged at 5150; MEG closing price increased from 3838 to 3879, with a change of 41 [2] Short Fiber - 1.4D direct-spun polyester staple fiber price decreased from 6555 to 6545, with a change of -10; short fiber basis increased from 33 to 39, with a change of 6 [2] - Short fiber production and sales decreased from 77.00% to 74.00%, with a change of -3.00%; direct-spun short fiber load (weekly) increased from 86.77% to 88.84%, with a change of 2.07% [2][3] Bottle Chip - Polyester bottle chip prices in the Jiangsu and Zhejiang markets decreased, with an average price drop of 40 yuan/ton compared to the previous working day [2] - Bottle chip spot processing fee decreased from 538 to 464, with a change of -75 [2] Others - T32S pure polyester yarn price remained unchanged at 10500; T32S pure polyester yarn processing fee increased from 3945 to 3955, with a change of 10 [2] - Polyester-cotton yarn 65/35 45S price increased from 16400 to 16600, with a change of 200; polyester-cotton yarn profit increased from 1187 to 1334, with a change of 146 [2] - Cotton 328 price increased from 15520 to 15680, with a change of 160 [2]