Report Summary 1. Report's Industry Investment Rating - Not mentioned in the report. 2. Core Viewpoints - PTA: The sentiment in the commodity market has declined. PX maintains fundamental resilience during its high - level correction. The PTA industry remains strong, with expected record - high production in January 2024 in China, no Spring Festival production cut plans, and no new capacity throughout the year. PX supply is still tight, and the domestic PTA high - operation rate and the limited negative feedback from polyester factory production cuts support the market [3]. - MEG: After a long - term slump overseas, the reduction of ethylene glycol exports from the Middle East has boosted market confidence. The supply contraction due to production line conversion provides room for price increases [3]. 3. Summary by Relevant Catalogs 3.1 Market Data Changes - **Crude Oil and PTA - related**: INE crude oil price increased from 464.2 yuan/barrel on February 9, 2026, to 476.1 yuan/barrel on February 10, 2026, a rise of 11.9 yuan/barrel. PTA - SC decreased by 48.48 yuan/ton, and PTA/SC ratio decreased by 0.0275 [3]. - **PX**: CFR China PX price rose from 900 to 909, and the PX - naphtha spread increased from 297 to 311 [3]. - **PTA**: The PTA主力期价 increased from 5192 yuan/ton to 5230 yuan/ton, and the spot price rose from 5115 yuan/ton to 5140 yuan/ton. The spot processing fee decreased by 2.8 yuan/ton, and the disk processing fee decreased by 4.8 yuan/ton. The PTA仓单数量 increased by 2004 [3]. - **MEG**: The MEG主力期价 decreased from 3739 yuan/ton to 3733 yuan/ton, and MEG - naphtha remained unchanged. The MEG内盘 decreased from 3635 yuan/ton to 3623 yuan/ton, and the主力 basis decreased by 3 [3]. - **Polyester Products**: POY150D/48F price decreased by 25 yuan/ton, FDY150D/96F decreased by 10 yuan/ton, DTY150D/48F remained unchanged. The cash - flow of POY, FDY, DTY, polyester staple fiber, and polyester chips all decreased to varying degrees [3]. 3.2 Industry Chain Start - up Situation - PX start - up rate remained at 85.92%, PTA start - up rate remained at 76.73%, MEG start - up rate increased from 61.67% to 62.36%, and polyester load decreased from 77.49% to 77.26% [3]. 3.3 Production and Sales Situation - The long - filament production and sales rate increased from 12% to 13%, the short - fiber production and sales rate decreased from 41% to 39%, and the polyester chip production and sales rate increased from 22% to 23% [3]. 3.4 Device Maintenance Dynamics - A 250 - million - ton PTA device in East China is expected to stop production on February 10, 2026, and the specific restart time is undetermined [4].

性及完整性做任何保证。本报告不构成个人投资建议,也未针对个别投资者特殊的投资目标 财务状况或需要,投资者需自行判断本报告中的任何意见或建议是否符合其特定状况,根 此投资,责任自负。本报告仅向特定客户推送,未经国贸期货授权许可,任何引用、转载以 三方传播的行为均构成对国贸期货的侵权,我司将视情况追究法律责 险,入市需谨慎。 ITG国贸期货 投资咨询业务资格:证监许可【2012】31号 | 7 国贸 期货 瓶片短纤数据日报 | | | | 国贸期货研究院 | 投资咨询号:Z0017251 2026/2/6 | | --- | --- | --- | --- | --- | | | | | 能源化工研究中心 陈胜 | 从业资格号:F3066728 | | 指标 | 2026/2/4 | 2026/2/5 | 变动值 | | | PTA现货价格 | 5140 | 5100 | -40 | | | MEG内盘价格 | 3675 | 3649 | -26 | 现货资讯: | | | | | | 短纤:短纤主力期货跌48到6564。现货市场:涤 | | PTA收盘价 | 5218 | 5144 | -74 | 纶短纤生产工 ...

投资咨询业务资格:证监许可【2012】31号 【一国贸易报 瓶片短纤数据日报 | | | | 国贸期货研究院 | 投资咨询号:Z0017251 2026/2/4 | | --- | --- | --- | --- | --- | | | | | 能源化工研究中心 陈胜 | 从业资格号:F3066728 | | 指标 | 2026/2/2 | 2026/2/3 | 变动值 | | | PTA现货价格 | 5095 | 5080 | -15 | 现货资讯: | | MEG内盘价格 | 3722 | 3670 | -52 | 短纤:短纤主力期货跌86到6500。现货市场:涤 | | | | | | 纶短纤生产工厂价格微跌,贸易商价格微调,下 | | PTA收盘价 | 5092 | 5150 | 58 | 游按需采买,场内成交一般。1.56dtex*38mm半 | | MEG收盘价 | 3767 | 3767 | 0 | 光本白(1. 4D)涤纶短纤华东市场价格在6410- | | 1.4D直纺涤短 | 6545 | 6555 | 10 | 6680现款现汇含税自提,华北市场价格在6530- | | | | | | ...