瓶片短纤数据日报-20260309

Report Industry Investment Rating - Not provided Core Viewpoints - Crude oil is expected to strengthen significantly due to geopolitical influences. Northeast Asian refineries are facing a shortage of crude oil supply and have to reduce their production loads because of the closure of the Strait of Hormuz. The speculative sentiment in the Asian PX market has rebounded, but the physical supply is tight. The downstream replenishment is rapid, and the polyester operating load is lower than expected. South Korea, India, and Thailand may face significant operational difficulties. The floating spread of PX has reached +40, and the spread between PX and naphtha has rebounded to $300. Tensions in the Middle East bring short - term energy price fluctuation risks, and the upstream price increase has begun to be transmitted downstream [2]. Summary According to Relevant Data Price Changes - PTA spot price increased from 5800 to 5865, with a change of 65 [2]. - MEG inner - market price rose from 4132 to 4267, a change of 135 [2]. - PTA closing price increased from 5820 to 6070, a change of 250 [2]. - MEG closing price rose from 4184 to 4377, a change of 193 [2]. - 1.4D direct - spun polyester staple fiber price increased from 7235 to 7375, a change of 140 [2]. - Short - fiber basis increased from - 67 to - 48, a change of 19 [2]. - 4 - 5 spread decreased from 12 to 0, a change of - 12 [2]. - Polyester staple fiber cash flow increased from 240 to 246, a change of 6 [2]. - 1.4D imitation large - chemical fiber price increased from 5540 to 5650, a change of 110 [2]. - The spread between 1.4D direct - spun and imitation large - chemical fiber increased from 1695 to 1725, a change of 30 [2]. - East China water bottle chip price increased from 6964 to 7039, a change of 75 [2]. - Hot - filling polyester bottle chip price increased from 6964 to 7039, a change of 75 [2]. - Carbonated - grade polyester bottle chip price increased from 7064 to 7139, a change of 75 [2]. - Outer - market water bottle chip price increased from 945 to 950, a change of 5 [2]. - Bottle chip spot processing fee decreased from 621 to 595, a change of - 26 [2]. - T32S pure polyester yarn price increased from 11350 to 11450, a change of 100 [2]. - T32S pure polyester yarn processing fee decreased from 4115 to 4075, a change of - 40 [2]. - Polyester - cotton yarn 65/35 45S price remained unchanged at 17200 [2]. - Cotton 328 price increased from 16395 to 16400, a change of 5 [2]. - Polyester - cotton yarn profit decreased from 1206 to 1111, a change of - 95 [2]. - Primary three - dimensional hollow (with silicon) price increased from 7905 to 7955, a change of 50 [2]. - Hollow staple fiber 6 - 15D cash flow decreased from 362 to 311, a change of - 51 [2]. - Primary low - melting - point staple fiber price remained unchanged at 8470 [2]. Production and Operation Indicators - Direct - spun staple fiber load (weekly) decreased from 76.98% to 84.13%, a change of - 7.15% [3]. - Polyester staple fiber production and sales increased from - 12.00% to 82.00%, a change of 70.00% [3]. - Polyester yarn startup rate (weekly) increased from 70.00% to 70.32%, a change of 0.32% [3]. - Regenerated cotton - type load index (weekly) decreased from 55.44% to 54.81%, a change of - 0.63% [3].