瓶片短纤数据日报-20260304

Group 1: Report Industry Investment Rating - No relevant content. Group 2: Core Viewpoints - Crude oil is expected to strengthen significantly due to geopolitical influences. The speculative sentiment in the Asian PX market has rebounded, but the physical supply is stable. Despite upcoming maintenance of some devices in March, the PX physical supply is sufficient. The demand side remains calm, with downstream replenishment being inactive and the polyester operating load lower than expected. The domestic PX market supply is ample, but there will be a significant turnaround season for refineries from March to May, and the supply is expected to tighten. The short - term energy price may fluctuate due to the tense geopolitical situation in the Middle East. Bottle chip profits and direct - spun staple fiber profits are expected to expand [2]. Group 3: Summary by Related Data Price Changes - PTA spot price increased from 5375 to 5525, with a change of 150. MEG inner - market price rose from 3753 to 3894, a change of 141. PTA closing price went up from 5552 to 5608, a change of 56. MEG closing price increased from 3925 to 4025, a change of 100. 1.4D direct - spun polyester staple fiber price increased from 6815 to 7005, a change of 190. 1.4D imitation large - chemical fiber price rose from 5325 to 5350, a change of 25. The price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 1490 to 1655, a change of 165. East China water bottle chip price increased from 6473 to 6621, a change of 148. Hot - filling polyester bottle chip price rose from 6473 to 6621, a change of 148. Carbonated - grade polyester bottle chip price increased from 6573 to 6721, a change of 148. Outer - market water bottle chip price rose from 880 to 900, a change of 20. T32S pure polyester yarn price increased from 11000 to 11050, a change of 50. Cotton 328 price decreased from 16360 to 16320, a change of - 40. The price of primary three - dimensional hollow (with silicon) increased from 7605 to 7720, a change of 115. The price of primary low - melting - point staple fiber rose from 8015 to 8200, a change of 185 [2]. Basis and Spread - Short - fiber basis decreased from - 14 to - 46, a change of - 32. The 3 - 4 spread decreased from - 8 to - 92, a change of - 84 [2]. Cash Flow and Processing Fee - Polyester staple fiber cash flow increased from 240 to 246, a change of 6. Bottle chip spot processing fee decreased from 620 to 593, a change of - 27. T32S pure polyester yarn processing fee decreased from 4185 to 4045, a change of - 140. Polyester - cotton yarn profit decreased from 1398 to 1287, a change of - 111. Hollow staple fiber 6 - 15D cash flow decreased from 552 to 492, a change of - 60 [2]. Operating Rate and Sales Ratio - Direct - spun staple fiber load (weekly) decreased from 89.90% to 84.13%, a change of - 5.77%. Polyester staple fiber sales ratio increased from 88.00% to 89.00%, a change of 1.00%. Polyester yarn operating rate (weekly) increased from 70.00% to 70.32%, a change of 0.32%. Regenerated cotton - type load index (weekly) decreased from 55.44% to 54.81%, a change of - 0.63% [3].