短纤：情绪风险释放，短期震荡为主20260204

Report Industry Investment Rating - Not provided in the given content Core View - Both short fiber and bottle chip are in a state where emotional risks are released, and they will mainly fluctuate in the short term [1] Summary by Relevant Catalogs Fundamental Tracking Short Fiber - Short fiber 2603 price decreased from 6656 to 6484, a change of -172; short fiber 2604 price decreased from 6712 to 6532, a change of -180; short fiber 2605 price decreased from 6780 to 6532, a change of -248 [1] - PF03 - 04 spread increased from -56 to -48, a change of 8; PF04 - 05 spread increased from -68 to 0 [1] - Short fiber主力基差 increased from -42 to 33, a change of 75 [1] - Short fiber主力持仓量 decreased from 168413 to 141023, a change of -27390; short fiber主力成交量 decreased from 162894 to 151188, a change of -11706 [1] - Short fiber华东现货价格 decreased from 6.670 to 6.565, a change of -105; short fiber产销率 increased from 44% to 57%, a change of 13% [1] Bottle Chip - Bottle chip 2603 price decreased from 6238 to 6068, a change of -170; bottle chip 2604 price decreased from 6252 to 6074, a change of -178; bottle chip 2605 price decreased from 6246 to 6064, a change of -182 [1] - PR03 - 04 spread increased from -14 to -6, a change of 8; PR04 - 05 spread increased from 6 to 10 [1] - Bottle chip主力基差 increased from 74 to 106, a change of 32 [1] - Bottle chip主力持仓量 decreased from 25081 to 18346, a change of -6735; bottle chip主力成交量 decreased from 57839 to 42077, a change of -15762 [1] - Bottle chip华东现货价格 decreased from 6320 to 6170, a change of -150; bottle chip华南现货价格 decreased from 6350 to 6250, a change of -100 [1] Spot News Short Fiber - Short fiber futures showed a weak oscillation. Spot prices of Jiangsu and Zhejiang factories were mostly stable, while those in Fujian were reduced by 100 yuan. The mainstream price of semi - glossy 1.4D was in the range of 6850 - 7000 yuan/ton [1] - Short fiber futures remained weak. Traders and futures - cash traders sold at low prices. The mainstream negotiation price of semi - glossy 1.4D was mostly in the range of 6400 - 6700 yuan [1] - The production and sales of direct - spinning polyester staple fiber factories were highly differentiated. As of around 3:00 pm, the average production and sales rate was 57% [1] - Pure polyester yarn and polyester - cotton yarn prices remained stable, sales were light, and inventories increased slightly [1] Bottle Chip - Upstream polyester raw materials fluctuated. Polyester bottle chip factories locally reduced their quotes by 40 - 50 yuan [2] - The trading atmosphere in the polyester bottle chip market was average. Orders from February to April were mostly traded at 6140 - 6200 yuan/ton ex - factory, with some slightly higher at 6230 - 6360 yuan/ton ex - factory and slightly lower at 6100 - 6130 yuan/ton ex - factory [2] Trend Intensity - Short fiber trend intensity was 0; bottle chip trend intensity was 0, referring to the daily - session price fluctuation of the main contract on the reporting day [2]