瓶片短纤数据日报-20260401

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The Asian PTA market is affected by the dual impacts of sharp fluctuations in crude oil and tight PX supply. The increase in naphtha prices is much higher than that of PX, leading to a significant contraction in profits. Although demand has recovered with the resumption of polyester plants after the Spring Festival, supply - side risks have significantly increased. Uncertainties in PX supply have led to more concerns about production halts. Due to supply - chain chaos and raw material bottlenecks, further production increases in polyester are restricted, and there may even be temporary production cuts. The extreme tightness on the supply side has led to concentrated force majeure at PTA plants. Asian countries' export restrictions have further exacerbated the raw material shortage. If Middle - East exports cannot resume in the near future, the Asian polyester industry chain is expected to face a severe risk of production decline in April due to the dual shortages of PX and MEG, and the physical supply in the Asian PX market is tight. The market shows obvious chaos, but the acceptance and purchasing willingness of downstream customers are increasing [2]. 3. Summary by Relevant Indicators 3.1 Price and Cost Indicators - PTA spot price decreased from 6810 to 6690, a decrease of 120; MEG inner - market price decreased from 5443 to 5339, a decrease of 104; PTA closing price decreased from 6768 to 6684, a decrease of 84; MEG closing price decreased from 5359 to 5218, a decrease of 141; 1.4D direct - spun polyester staple fiber price decreased from 8460 to 8320, a decrease of 140; short - fiber basis decreased from 83 to - 54, a decrease of 137; 4 - 5 spread increased from - 80 to - 40, an increase of 40; polyester staple fiber cash flow increased from 240 to 246, an increase of 6; 1.4D imitation large - chemical fiber price remained unchanged at 6220; the price difference between 1.4D direct - spun and imitation large - chemical fiber decreased from 2240 to 2100, a decrease of 140; East China water - bottle chip price increased from 8554 to 8594, an increase of 40; hot - filling polyester bottle chip price increased from 8554 to 8594, an increase of 40; carbonated - grade polyester bottle chip price increased from 8654 to 8694, an increase of 40; outer - market water - bottle chip price decreased from 1180 to 1175, a decrease of 5; bottle - chip spot processing fee increased from 908 to 1085, an increase of 177; T32S pure polyester yarn price remained unchanged at 12500; T32S pure polyester yarn processing fee increased from 4040 to 4180, an increase of 140; cotton - polyester yarn 65/35 45S price remained unchanged at 18500; cotton 328 price decreased from 16580 to 16470, a decrease of 110; cotton - polyester yarn profit increased from 1624 to 1758, an increase of 134; primary three - dimensional hollow (with silicon) price remained unchanged at 8945; hollow staple fiber 6 - 15D cash flow increased from an unknown value to 236, an increase of 137; primary low - melting - point staple fiber price remained unchanged at 9350 [2]. 3.2 Production and Sales Indicators - The weekly load of direct - spun staple fiber decreased from 76.98% to 84.13%, a decrease of 7.15%; the production and sales rate of polyester staple fiber decreased from 43.00% to 36.00%, a decrease of 7.00%; the weekly start - up rate of polyester yarn increased from 70.00% to 70.32%, an increase of 0.32%; the weekly load index of recycled cotton - type decreased from 55.44% to 54.81%, a decrease of 0.63% [2][3].