瓶片短纤数据日报-20260121

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - PX market continues to be strong, driven by speculative funds advancing long positions in 2026. Current supporting factors have exceeded pure financial drivers. Gasoline blending profit decline makes the reforming unit close to break - even between aromatics extraction and gasoline production. PX - MX spread has widened to over $150, and PX - naphtha spread reached $370, improving PX production economy. Korean factories plan to increase production in January but are limited by some reforming unit overhauls. Domestic PTA maintains high operation, domestic demand declines, and polyester factory production cuts have a negative feedback on PTA. PTA consumption remains high, but mainstream polyester plants conduct early overhauls and sell PTA raw materials, causing the basis to weaken rapidly [2] Group 3: Summary of Related Indicators Spot and Futures Prices - PTA spot price increased from 4970 to 5015, a change of 45; PTA closing price rose from 5030 to 5144, a change of 114 [2] - MEG domestic price decreased from 3637 to 3601, a change of - 36; MEG closing price dropped from 3755 to 3674, a change of - 81 [2] - 1.4D direct - spun polyester staple fiber price remained at 6450, with no change; short - fiber basis decreased from 67 to 61, a change of - 6 [2] - 3 - 4 spread increased from 44 to 42, a change of 2; polyester staple fiber cash flow increased from 240 to 246, a change of 6 [2] - 1.4D imitation large - chemical fiber price remained at 5250, with no change; the price difference between 1.4D direct - spun and imitation large - chemical fiber remained at 1200, with no change [2] - East China water bottle chip price increased from 6020 to 6044, a change of 24; hot - filling polyester bottle chip price increased from 6020 to 6044, a change of 24; carbonated - grade polyester bottle chip price increased from 6120 to 6144, a change of 24; outer - market water bottle chip price increased from 805 to 810, a change of 5 [2] - Bottle chip spot processing fee decreased from 552 to 550, a change of - 2 [2] - T32S pure polyester yarn price remained at 10570, with no change; T32S pure polyester yarn processing fee remained at 4120, with no change [2] - Polyester - cotton yarn 65/35 45S price remained at 16700, with no change; cotton 328 price decreased from 15440 to 15390, a change of - 50 [2] - Polyester - cotton yarn profit increased from 1587 to 1606, a change of 19 [2] - Primary three - dimensional hollow (with silicon) price decreased from 7165 to 7150, a change of - 15; hollow staple fiber 6 - 15D cash flow decreased from 497 to 456, a change of - 41 [2] - Primary low - melting - point staple fiber price remained at 7760, with no change [2] Operating Rates and Sales Ratios - Direct - spun staple fiber load (weekly) increased from 86.77% to 88.84%, a change of 2.07% [3] - Polyester staple fiber sales ratio increased from 60.00% to 102.00%, a change of 42.00% [3] - Polyester yarn operating rate (weekly) remained at 66.00%, with no change [3] - Recycled cotton - type load index (weekly) remained at 51.10%, with no change [3]