瓶片短纤数据日报-20260123

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The PX market continues to be strong, and the strength of the chemical sector boosts the PTA price. The downstream PTA and polyester demand fundamentals are robust. The support for the PX price comes from the significant repair of the PTA industry's profit, with the PTA processing fee rising to 300 yuan. The net profit of PX raw materials is higher than the gasoline blending income, which encourages capacity release. FJDH's 1 million - ton plant restarts, and the price difference between PX and mixed xylene remains above $150. The domestic PTA output continues to climb to match the growth of domestic demand and exports. A new PTA plant in India is about to be put into operation, which will further boost PX demand. The PX - naphtha price difference has dropped to $360. The domestic PTA maintains high - level operation, domestic demand has declined, and the production cuts of polyester factories have a negative feedback on PTA. The PTA consumption remains high, but mainstream polyester co - production has advanced maintenance and is selling PTA raw materials, and the basis has weakened rapidly. Short fibers and bottle chips follow cost changes [2] Group 3: Summary by Related Catalogs Price Changes - PTA spot price increased from 5085 to 5155, with a change of 70 [2] - MEG domestic price increased from 3570 to 3660, with a change of 90 [2] - PTA closing price increased from 5154 to 5298, with a change of 144 [2] - MEG closing price increased from 3689 to 3847, with a change of 158 [2] - 1.4D direct - spun polyester staple fiber price increased from 6465 to 6570, with a change of 105 [2] - Short - fiber basis decreased from 23 to 10, with a change of - 13 [2] - 3 - 4 spread decreased from 40 to 48, with a change of - 8 [2] - Polyester staple fiber cash flow increased from 240 to 246, with a change of 6 [2] - 1.4D imitation large - chemical fiber price remained unchanged at 5250 [2] - The price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 1215 to 1320, with a change of 105 [2] - East China water bottle chip price increased from 6119 to 6222, with a change of 103 [2] - Hot - filling polyester bottle chip price increased from 6119 to 6222, with a change of 103 [2] - Carbonated - grade polyester bottle chip price increased from 6219 to 6322, with a change of 103 [2] - Outer - market water bottle chip price increased from 815 to 825, with a change of 10 [2] - Bottle - chip spot processing fee increased from 575 to 588, with a change of 13 [2] - T32S pure polyester yarn price remained unchanged at 10550 [2] - T32S pure polyester yarn processing fee decreased from 4085 to 3980, with a change of - 105 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16700 [2] - Cotton 328 price increased from 15445 to 15520, with a change of 75 [2] - Polyester - cotton yarn profit decreased from 1575 to 1478, with a change of - 98 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7150 [2] - Hollow staple fiber 6 - 15D cash flow decreased from 406 to 316, with a change of - 90 [2] - Primary low - melting - point staple fiber price remained unchanged at 7760 [2] Market Conditions - Short - fiber: The short - fiber main futures rose 150 to 6640. In the spot market, the prices of polyester staple fiber production plants increased and those of traders showed a warm upward trend. Downstream buyers purchased as needed, and on - site transactions were limited. The price of 1.56dtex*38mm semi - bright natural white (1.4D) polyester staple fiber in the East China market was 6470 - 6650 yuan for cash on delivery, tax - included self - pick - up; in the North China market, it was 6590 - 6770 yuan for cash on delivery, tax - included delivery; in the Fujian market, it was 6470 - 6650 yuan for cash on delivery, tax - included delivery [2] - Bottle chips: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 6150 - 6300 yuan/ton, with the average price rising 120 yuan/ton compared with the previous working day. PTA and bottle - chip futures were strongly operating, the cost - side support increased significantly, the supply - side offers successively raised quotes, the market spot supply was tight, downstream terminals were temporarily on the sidelines, and the market negotiation center rose [2] Operating Rates and Sales - Direct - spun staple fiber load (weekly) increased from 86.77% to 88.84%, with a change of 2.07% [3] - Polyester staple fiber sales rate increased from 40.00% to 78.00%, with a change of 118.00% [3] - Polyester yarn startup rate (weekly) increased from 70.00% to 70.32%, with a change of 0.32% [3] - Regenerated cotton - type load index (weekly) decreased from 55.44% to 54.81%, with a change of - 0.63% [3]