瓶片短纤数据日报-20260212

Group 1: Report Industry Investment Rating - Not provided Group 2: Core Viewpoints - The sentiment in the commodity market has declined. PX maintains fundamental resilience during its high - level correction. Due to the geopolitical risks in Iran, there are still risks in crude oil prices. The downstream PTA industry remains strong, with China's PTA production in January expected to reach a new high and no production cut plan for the Spring Festival. With no new PTA production capacity throughout the year, existing facilities will operate at full capacity to meet the growing polyester demand, providing a solid demand foundation for PX. The PX supply remains tight, with limited global effective capacity release. The PX - mixed xylene toluene spread remains around $150, and although the PX - naphtha spread has fallen to $335/ton, it is still at a healthy level. Domestic PTA maintains high - level operation, domestic demand has declined, and the production cuts of polyester factories have a limited negative feedback on PTA. Bottle chip profits are expanding, while short - fiber profits are declining [2] Group 3: Summary by Related Catalogs Price Changes - PTA spot price increased from 5140 to 5180, a change of 40; MEG inner - market price increased from 3623 to 3652, a change of 29; PTA closing price increased from 5230 to 5260, a change of 30; MEG closing price increased from 3733 to 3764, a change of 31; 1.4D direct - spun polyester staple fiber price increased from 6585 to 6590, a change of 5; short - fiber basis decreased from 52 to 16, a change of - 36; 3 - 4 spread increased from - 74 to - 66, a change of 8; polyester staple fiber cash flow increased from 240 to 246, a change of 6; 1.4D imitation large - chemical fiber price remained at 5300; the spread between 1.4D direct - spun and imitation large - chemical fiber increased from 1285 to 1290, a change of 5; East China water bottle chip price increased from 6270 to 6275, a change of 5; hot - filling polyester bottle chip price increased from 6270 to 6275, a change of 5; carbonated - grade polyester bottle chip price increased from 6370 to 6375, a change of 5; outer - market water bottle chip price increased from 840 to 845, a change of 5; bottle chip spot processing fee decreased from 662 to 623, a change of - 39; T32S pure polyester yarn price remained at 10700; T32S pure polyester yarn processing fee decreased from 4115 to 4110, a change of - 5; polyester - cotton yarn 65/35 45S price remained at 16800; cotton 328 price increased from 15710 to 15765, a change of 55; polyester - cotton yarn profit decreased from 1496 to 1472, a change of - 24; primary three - dimensional hollow (with silicon) price remained at 7290; hollow staple fiber 6 - 15D cash flow decreased from 482 to 438, a change of - 44; primary low - melting - point staple fiber price remained at 7895 [2] Market Conditions - Short - fiber: The main short - fiber futures rose 42 to 6654. In the spot market, the prices of polyester staple fiber production factories were mainly stagnant, the prices of traders fluctuated within a range, downstream demand was weak, and on - site transactions were sluggish. The price of 1.56dtex*38mm semi - bright natural white (1.4D) polyester staple fiber in the East China market was 6470 - 6700 yuan for cash on delivery, tax - included self - pick - up; in the North China market, it was 6590 - 6820 yuan for cash on delivery, tax - included delivery; in the Fujian market, it was 6550 - 6750 yuan for cash on delivery, tax - included delivery. Bottle chip: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 6280 - 6360 yuan/ton, with the average price rising 20 yuan/ton compared to the previous working day. The futures prices of PTA and bottle chips fluctuated warmly. Most supply - side offers were raised, the market's spot supply was tight, downstream terminal demand was relatively weak, and the market negotiation focus increased [2] Operating Rates and Sales Ratios - The direct - spun short - fiber load (weekly) increased from 86.77% to 88.84%, a change of 2.07%; the polyester staple fiber sales ratio decreased from 38.00% to 31.00%, a change of - 7.00%; 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]