聚酯数据日报-20260212

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Views of the Report - The crude oil market has a slight increase due to uncertain geopolitical situations, and the PTA market is trading on the strong expectation of "Golden March and Silver April", but the weak reality of PTA inventory accumulation is negative for the spot basis, causing the basis to decline [3]. - The overseas ethylene glycol market has been in a long - term slump, but the reduction of ethylene glycol exports in the Middle East has boosted market confidence. The supply contraction has opened up room for price increases [3]. Group 3: Summary by Related Catalogs Market Quotes - INE crude oil increased from 476.1 yuan/barrel on February 10, 2026, to 476.8 yuan/barrel on February 11, 2026, with a change of 0.70 yuan/barrel [3]. - PTA - SC increased from 1770.1 yuan/ton to 1795.0 yuan/ton, with a change of 24.91 yuan/ton; PTA/SC ratio increased from 1.5116 to 1.5181, with a change of 0.0064 [3]. - CFR China PX increased from 909 to 917, with a change of 8; PX - naphtha spread decreased from 311 to 305, with a change of - 7 [3]. - PTA main contract futures price increased from 5230 yuan/ton to 5260 yuan/ton, with a change of 30.0 yuan/ton; PTA spot price increased from 5140 yuan/ton to 5180 yuan/ton, with a change of 40.0 yuan/ton [3]. - PTA spot processing fee decreased from 403.4 yuan/ton to 392.9 yuan/ton, with a change of - 10.6 yuan/ton; PTA futures processing fee decreased from 463.4 yuan/ton to 452.9 yuan/ton, with a change of - 10.6 yuan/ton [3]. - PTA main contract basis increased from (75) to (73), with a change of 2.0; PTA warehouse receipt quantity increased from 106172 to 107036, with a change of 864 [3]. - MEG main contract futures price increased from 3733 yuan/ton to 3764 yuan/ton, with a change of 31.0 yuan/ton; MEG - naphtha spread increased from (202.03) to (200.03), with a change of 2.0 [3]. - MEG domestic price increased from 3623 yuan/ton to 3652 yuan/ton, with a change of 29.0 yuan/ton; MEG main contract basis decreased from - 102 to - 105, with a change of - 3.0 [3]. Industry Chain Start - up Situation - PX start - up rate remained at 85.92%, with a change of 0.00% [3]. - PTA start - up rate decreased from 76.73% to 74.58%, with a change of - 2.15% [3]. - MEG start - up rate decreased from 62.36% to 59.80%, with a change of - 2.56% [3]. - Polyester load decreased from 77.26% to 76.26%, with a change of - 1.00% [3]. Polyester Product Data - POY150D/48F remained at 6980, with a change of 0.0; POY cash flow decreased from 122 to 78, with a change of - 44.0 [3]. - FDY150D/96F decreased from 7230 to 7225, with a change of - 5.0; FDY cash flow decreased from (128) to (177), with a change of - 49.0 [3]. - DTY150D/48F remained at 8140, with a change of 0.0; DTY cash flow decreased from 82 to 38, with a change of - 44.0 [3]. - Long - filament sales rate increased from 13% to 91%, with a change of 78% [3]. - 1.4D direct - spun polyester staple fiber price was 6590; polyester staple fiber cash flow decreased from 77 to 38, with a change of - 39.0 [3]. - Polyester staple fiber sales rate decreased from 39% to 28%, with a change of - 11% [3]. - Semi - bright chip price increased from 5890 to 5920, with a change of 30.0; chip cash flow decreased from (68) to (82), with a change of - 14.0 [3]. - Chip sales rate decreased from 23% to 14%, with a change of - 9% [3]. Device Maintenance - A 2.5 - million - ton PTA device in East China is expected to stop on February 10, 2026, and the specific restart time is undetermined [3].