瓶片短纤数据日报-20260204

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The commodity market has fallen significantly. PX maintains fundamental resilience during the high - level correction. Due to the Iranian geopolitical risk, the risk of crude oil prices still exists. The downstream PTA industry remains strong. China's PTA output in January is expected to reach a record high, with no production cut plan for the Spring Festival. There are no new PTA production capacities throughout the year, and existing facilities will operate at full capacity to meet the growing polyester demand, providing a solid demand foundation for PX. The PX supply is still tight. The South Korean TDP plant has increased its load, and a PX plant in the Middle East is scheduled to shut down before February, resulting in limited global effective capacity release. The PX - mixed xylene toluene spread remains at around $150. In terms of the profit structure, although the PX - naphtha spread has dropped to $335/ton, it is still at a healthy level. Domestic PTA maintains high operation, domestic demand has declined, and the production cuts of polyester factories have a limited negative feedback on PTA. Bottle chip profits expand, while short - fiber profits decline [2] Group 3: Price and Index Changes PTA and MEG - PTA spot price decreased from 5095 to 5080, a change of - 15; MEG domestic price decreased from 3722 to 3670, a change of - 52; PTA closing price increased from 5092 to 5150, a change of 58; MEG closing price remained unchanged at 3767 [2] Short - fiber - 1.4D direct - spun polyester staple fiber price increased from 6545 to 6555, a change of 10; short - fiber basis increased from 18 to 28, a change of 10; 3 - 4 spread decreased from - 28 to - 50, a change of - 22; polyester staple fiber cash flow increased from 240 to 246, a change of 6; 1.4D imitation large - chemical fiber price remained unchanged at 5300; the spread between 1.4D direct - spun and imitation large - chemical fiber increased from 1245 to 1255, a change of 10 [2] Bottle chip - Polyester bottle chip prices in the Jiangsu and Zhejiang markets: the mainstream negotiation price is 6180 - 6320 yuan/ton, with the average price down 25 yuan/ton from the previous working day. The prices of PTA and bottle chip futures are weak, the cost - side support has weakened, the supply - side offers are a mix of stability and decline, the market spot supply is tight, and the downstream terminal demand is mainly for rigid restocking, with the market negotiation focus shifting downwards. The price of East China water bottle chips increased from 6183 to 6187, a change of 4; the price of hot - filled polyester bottle chips increased from 6183 to 6187, a change of 4; the price of carbonated - grade polyester bottle chips increased from 6283 to 6287, a change of 4; the price of outer - market water bottle chips decreased from 830 to 825, a change of - 5; the bottle chip spot processing fee increased from 580 to 614, a change of 34 [2] Others - T32S pure polyester yarn price decreased from 10720 to 10700, a change of - 20; T32S pure polyester yarn processing fee decreased from 4175 to 4145, a change of - 30; the price of polyester - cotton yarn 65/35 45S remained unchanged at 16800; the price of cotton 328 increased from 15570 to 15650, a change of 80; the profit of polyester - cotton yarn decreased from 1575 to 1538, a change of - 37; the price of primary three - dimensional hollow (with silicon) remained unchanged at 7300; the cash flow of hollow short - fiber 6 - 15D increased from 497 to 527, a change of 30; the price of primary low - melting - point short - fiber remained unchanged at 7895 [2] Group 4: Load and Production and Sales Indexes - The direct - spun short - fiber load (weekly) increased from 86.77% to 88.84%, a change of 2.07%; the polyester staple fiber production and sales increased from 13.00% to 44.00%, a change of 57.00%; the polyester yarn startup rate (weekly) increased from 70.00% to 70.32%, a change of 0.32%; the recycled cotton - type load index (weekly) decreased from 55.44% to 54.81%, a change of - 0.63% [3]