音烙橡胶呈报 81+ 研究中心能化团队 2026/02/06 P 不 As 占 商品 POY 1 石脑油日 PX CFR PTA内盘现 PTA平衡 仓单+有 PTA加 PTA负 石脑油裂 50D/4 聚酯毛利 TA基美 日期 原油 PX加工美 产销 工差 效预报 台湾 ન્સ 解价差 K 荷 负荷 8F Hill 2026/0 914 5280 7120 78.34 103558 0.30 70.7 597 317.0 443 171 75.4 76.6 -78 1/30 2026/0 66.3 581 892 2085 7120 95.40 311.0 382 367 75.4 76.6 103558 -76 0.25 2/02 图H 2026/0 67.3 7095 90.22 372 75.4 0.15 584 897 5080 313.0 345 76.6 103568 -68 2/03 2026/0 69.5 902 7020 304.0 103568 0.30 598 5140 89.11 375 244 75.4 76.6 -55 2/04 2026/0 l 图H 67.6 604 5100 7 ...

音烙橡胶呈报 81+ 研究中心能化团队 2026/02/05 P 不 As 占 段 F POY 1 石脑油日 PX CFR PTA内盘现 仓单+有 PTA平衡 PTA加 PTA负 石脑油裂 50D/4 聚酯毛利 TA基美 日期 原油 PX加工美 产销 工差 效预报 台湾 न्ह 解价差 K 荷 负荷 8F Hill 2026/0 5245 7030 103558 0.30 70.7 596 921 77.70 325.0 374 113 77.1 76.6 -78 1/29 2026/0 914 70.7 597 5280 7120 78.34 317.0 443 171 75.4 76.6 103558 -78 0.30 1/30 图H 2026/0 7120 5095 367 75.4 -76 0.25 66.3 581 892 95.40 311.0 382 76.6 103558 2/02 2026/0 67.3 584 897 5080 90.22 313.0 103568 7095 345 372 75.4 76.6 -68 0.15 2/03 2026/0 l RiH 7020 69.5 598 ...

音紧像胶呈报 图1 研究中心能化团队 2026/01/30 P 不 As 占 商品 POY 1 仓单+有 石脑油日 PX CFR PTA内盘现 PTA平衡 PTA加 PTA负 石脑油裂 聚酯毛利 TA基美 50D/4 日期 原油 PX加工美 产销 工美 效预报 台湾 न्ह 解价差 K 荷 负荷 8F Half 2026/0 5285 6795 104020 65.9 265 923 82.35 358.0 396 -146 77.1 76.6 -70 0.65 1/23 2026/0 65.6 573 930 5350 7000 91.74 357.0 430 -26 77.1 76.6 103990 -80 0.50 1/26 图H 2026/0 67.6 5225 7055 73.21 150 77.1 -78 0.30 569 903 334.0 448 76.6 103966 1/27 2026/0 68.4 585 924 5235 7055 83.13 339.0 103960 0.25 351 144 77.1 76.6 -78 1/28 2026/0 l 图H 7030 70.7 596 5 ...

音紧像胶呈报 图1 研究中心能化团队 2026/01/26 P 不 As 占 商品 POY 1 仓单+有 石脑油日 PX CFR PTA内盘现 PTA平衡 PTA加 PTA负 石脑油裂 50D/4 聚酯毛利 TA基美 日期 原油 PX加工美 产销 工差 效预报 台湾 न्ह 解价差 K 荷 负荷 8F Hill 2026/0 6690 63.9 549 879 4970 79.82 330.0 313 72 79.6 76.6 104312 -67 0.45 1/19 2026/0 64.9 549 888 5015 6690 73.14 339.0 313 46 79.6 76.6 104312 -65 0.45 1/20 图H 2026/0 65.2 6690 80.29 -4 0.80 559 888 5085 329.0 380 79.6 76.6 104302 -63 1/21 2026/0 567 907 5155 6740 340.0 347 102280 0.75 64.1 97.44 -44 79.6 76.6 -73 1/22 2026/0 (图H 565 65.9 5285 82.35 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - For PTA, the price has strengthened significantly recently. However, downstream filament profits have declined substantially, increasing the possibility of accelerated production cuts. Although the long - term pattern has not completely reversed, the probability of falling short of expectations has risen, and the short - term upside space may be limited. One should wait for downstream price pass - through [1]. - For MEG, the domestic supply is expected to increase steadily while overseas maintenance is increasing. The overall inventory accumulation will continue, and the absolute inventory is not low. The market pattern is expected to remain weak, and one should focus on short - selling opportunities on rebounds [1]. - For polyester staple fiber, although the domestic demand side is gradually entering the off - season, the spot profit has been significantly compressed after the sharp rise in raw material prices, and the futures processing margin has remained low. Considering the relatively low absolute inventory, the room for further weakening is limited, and one should pay attention to the situation of warehouse receipts [1]. - For natural rubber, the national explicit inventory remains stable. The strategy is to wait and see [1]. 3. Summary According to Related Catalogs PTA - **Market Situation**: Some PTA devices have restarted, the operating rate has increased month - on - month, the polyester load has rebounded, the inventory has decreased slightly, the basis has strengthened, and the spot processing margin has improved. The domestic operating rate of PX has increased, and there has also been a slight increase overseas. The PXN has shrunk month - on - month, and the disproportionation and isomerization benefits have weakened month - on - month. The aromatics price spread between the US and Asia has continued to shrink [1]. - **Price and Basis**: The average daily basis of PTA spot transactions for 2605 is - 47 [1]. - **Device Changes**: The 2.5 - million - ton device in Dushan has restarted, and the 2.5 - million - ton device of Shandong Weilian has increased its load [1]. MEG - **Market Situation**: The domestic oil - based operating rate has increased, and overseas maintenance has continued to increase. The port inventory has accumulated at the beginning of next week, and the arrival forecast during the week remains stable. The basis remains weak, and the coal - based profit has fluctuated at a low level [1]. - **Price and Basis**: The basis of MEG spot transactions for 05 is around - 142 [1]. - **Device Changes**: The 200,000 - ton device of Guangxi Huayi has restarted, and the 200,000 - ton device of Henan Coal Industry has been under maintenance [1]. Polyester Staple Fiber - **Market Situation**: Some devices in Zhejiang have restarted, and the operating rate has slightly increased to 97.6%. The sales volume has weakened month - on - month, and the inventory has accumulated month - on - month. On the demand side, the operating rate of polyester yarn has remained stable, the raw material inventory has decreased, and the finished product inventory has accumulated, with the profit improving month - on - month [1]. - **Price and Basis**: The spot price is around 6,550, and the market basis for 02 is around - 100 [1]. Natural Rubber - **Price Changes**: There have been daily and weekly changes in the prices of various types of natural rubber, such as 20 - number rubber, US - dollar - denominated Thai standard rubber, etc. For example, the daily change in the price of US - dollar - denominated Thai standard rubber is 0, and the weekly change is - 20 [1]. - **Spread Changes**: There have been changes in various spreads, such as the spread between mixed rubber and RU main contract, the spread between NR main contract and US - dollar - denominated Thai standard rubber, etc. [1]. - **Inventory Situation**: The national explicit inventory remains stable [1]. Styrene and Related Products - **Price Changes**: There have been daily changes in the prices of styrene, pure benzene, and related products. For example, the daily change in the price of styrene in Jiangsu is 5 [1]. - **Profit Changes**: There have been changes in the production profits of ABS, EPS, PS, etc. For example, the daily change in the domestic profit of ABS is - 10 [1]. - **Operating Rate Changes**: There have been fluctuations in the operating rates of EPS, ABS, PS, etc. [1]

1. Industry Investment Rating - No investment rating provided in the report. 2. Core Viewpoints - For PTA, in the near - term, TA device runs stably, polyester load drops slightly, inventory decreases, and basis strengthens slightly. In the future, as the terminal weakens, polyester load may reach a turning point, and TA inventory will accumulate. It is recommended to wait and see in the short - term, and consider long - position opportunities at low prices in the long - run due to good PX prospects [2]. - For MEG, domestic oil - based units reduce load, and overseas units also cut production. The port inventory accumulates. In the future, after the valuation is compressed, production cuts increase, and the inventory accumulation narrows. However, considering new production capacity, it is expected to fluctuate weakly [2]. - For polyester staple fiber, the start - up rate decreases due to maintenance. Sales are stable, and inventory is stable. In the future, demand remains the same, but new production capacity is accelerating, and the downstream is entering the off - season. Attention should be paid to the warehouse receipt situation [2]. - For natural rubber and 20 - number rubber, the national explicit inventory is stable, and the price of Thai cup - lump rubber is stable. The strategy is to wait and see [2]. 3. Summary by Product PTA - **Data Changes**: From December 8th to 12th, 2025, crude oil price dropped by 0.4 USD, PTA spot price decreased by 30 CNY, and polyester gross profit increased by 35 CNY. The PTA balance load decreased by 0.3%, and the basis increased by 3 CNY. The daily average basis of PTA spot trading for 2601 is - 22 [2]. - **Situation Analysis**: Near - term TA device runs stably, polyester load drops slightly, inventory decreases, basis strengthens slightly, and spot processing fee weakens. In the future, as the terminal weakens, polyester load may reach a turning point, and TA inventory will accumulate, but the overall pressure is not large and the valuation is not high [2]. MEG - **Data Changes**: From December 8th to 12th, 2025, MEG outer - market price dropped by 2 USD, and MEG inner - market price decreased by 28 CNY. The coal - based MEG profit increased by 14.24 CNY, and the inner - market cash flow (ethylene) decreased by 26 CNY [2]. - **Situation Analysis**: Near - term domestic oil - based units reduce load, overseas units also cut production, the port inventory accumulates, and the basis weakens. In the future, after the valuation is compressed, production cuts increase, and the inventory accumulation narrows [2]. Polyester Staple Fiber - **Data Changes**: From December 8th to 12th, 2025, the price of 1.4D cotton - type staple fiber decreased by 50 CNY, and the profit of pure - polyester yarn increased by 50 CNY [2]. - **Situation Analysis**: Near - term the start - up rate decreases due to maintenance, sales are stable, and inventory is stable. In the future, demand remains the same, but new production capacity is accelerating, and the downstream is entering the off - season [2]. Natural Rubber & 20 - Number Rubber - **Data Changes**: From December 8th to 12th, 2025, the price of US - dollar Thai standard rubber increased by 5 USD, and the price of Shanghai full - latex rubber increased by 40 CNY. The basis between mixed rubber and RU main contract decreased by 25 CNY [2]. - **Situation Analysis**: The national explicit inventory is stable, and the price of Thai cup - lump rubber is stable. The main contradiction lies in stable inventory and rainfall affecting rubber tapping. The recommended strategy is to wait and see [2]. Styrene - **Data Changes**: From December 8th to 12th, 2025, the price of styrene (CFR China) decreased by 10 USD, and the price of EPS (East China ordinary material) remained unchanged. The domestic profit of styrene decreased by 87 CNY [2][5]. - **Situation Analysis**: No overall situation analysis provided in the report. Only data changes are presented.

Report Summary 1. Report Industry Investment Rating - Not provided in the content. 2. Core Views - **PTA**: Near - term TA device runs stably, polyester load rises slightly, inventory remains stable, and basis is stable. In the future, the terminal weakening accelerates, polyester load may reach a turning point, TA inventory may gradually accumulate again, but the overall pressure is not large and the valuation is not high. Short - term wait - and - see, long - term pay attention to buying on dips due to good PX pattern [2]. - **MEG**: Near - term domestic maintenance and restart co - exist, overseas devices reduce load, port inventory accumulates. After the EG price drops again, coal - based losses intensify, and the supply reduction has not reversed the inventory accumulation trend. Short - term valuation is low but the driving force is limited, and the long - term pattern is expected to be weak [2]. - **Polyester Staple Fiber**: Near - term device runs stably, inventory decreases. Demand from the polyester yarn end remains stable, and short - fiber exports maintain high growth. Short - term inventory pressure is limited, but the pattern may weaken in the long run as downstream enters the off - season and new devices are about to be put into production. Pay attention to the warehouse receipt situation [2]. - **Natural Rubber & 20 - number Rubber**: The national explicit inventory is stable and at a low level, and the Thai cup - lump price is stable with rainfall affecting tapping. The strategy is to wait and see [2]. 3. Summary by Category PTA - **Price and Margin Data**: From 2025/12/03 to 2025/12/09, crude oil price decreased from 62.7 to 61.9, PTA internal - market spot price remained at 4650, PTA processing margin increased from 143 to 162 and then decreased back to 125, and polyester gross margin increased from 30 to 50. The basis was - 35 at the beginning and - 28 at the end, and the sales - to - production ratio increased from 0.40 to 0.60 [2]. - **Device and Market Situation**: Near - term TA device runs stably with the same start - up rate, polyester load rises slightly, inventory remains stable, basis is stable, and spot processing fee improves. PX domestic start - up rate is stable, overseas devices are stable, PXN strengthens, disproportionation and isomerization benefits improve, and the US - Asia aromatics spread remains [2]. MEG - **Price and Margin Data**: From 2025/12/03 to 2025/12/09, Northeast Asian ethylene price remained at 745, MEG internal - market price decreased from 3840 to 3699, and MEG coal - based profit decreased from - 531 to - 592. The MEG internal - market cash flow (ethylene) decreased from - 775 to - 987 [2]. - **Device and Market Situation**: Near - term domestic maintenance and restart co - exist, start - up rate decreases slightly, overseas devices reduce load, port inventory accumulates at the beginning of next week, the basis weakens, and coal - based benefits weaken again [2]. Polyester Staple Fiber - **Price and Margin Data**: From 2025/12/03 to 2025/12/09, the price of 1.4D cotton - type staple fiber decreased from 6425 to 6355, and the short - fiber profit increased from 102 to 148 [2]. - **Device and Market Situation**: Near - term device runs stably with a start - up rate of 97.5%, sales - to - production ratio is basically stable, and inventory decreases. The polyester yarn end start - up rate is stable, raw material inventory decreases, and finished - product inventory accumulates, and the benefits remain [2]. Natural Rubber & 20 - number Rubber - **Price Data**: From 2025/12/03 to 2025/12/09, the US - dollar Thai standard spot price decreased from 1805 to 1800, the Shanghai whole - latex price decreased from 14510 to 14390, and the RU main contract price decreased from 15210 to 14985 [2]. - **Market Situation**: The national explicit inventory is stable and at a low level, and the Thai cup - lump price is stable with rainfall affecting tapping [2]. Styrene - **Price and Margin Data**: From 2025/12/03 to 2025/12/09, ethylene (CFR Northeast Asia) price remained at 745, pure benzene (CFR China) price increased from 672 to 686, and styrene (CFR China) price decreased from 838 to 828. Styrene domestic profit decreased from - 27 to - 1411 [2][5].

Report Industry Investment Rating - Not provided Core Viewpoints of the Report - For PTA, the short - term view is to wait and see, while in the long - term, the PX pattern is good, and there are opportunities for bottom - fishing long positions under the support of the raw material end [2][9] - For MEG, the short - term valuation is low but the driving force is limited, and the long - term pattern is expected to be weak [5] - For polyester staple fiber, the short - term inventory pressure is limited, but the pattern may weaken in the long - term, and attention should be paid to the warehouse receipt situation [5] - For natural rubber and 20 - number rubber, the current strategy is to wait and see due to stable national explicit inventory and stable Thai cup - lump price affected by rainfall [10] Summary by Related Categories PTA - **Data Changes**: The naphtha cracking spread increased by 0.5, PX processing difference decreased by 7, PTA processing difference decreased by 20, polyester gross profit decreased by 5, PTA balance load increased by 0.16, PTA load decreased by 11, the sum of warehouse receipts and valid forecasts increased by 18, TA basis increased by 33, and production and sales ratio increased by 0.1 [2] - **Operation Status**: The proximal TA device runs stably, the start - up rate is stable compared with the previous period, the polyester load increases slightly, the inventory remains stable, the basis is stable, and the spot processing fee improves compared with the previous period. The domestic start - up rate of PX is stable, and some overseas devices are running smoothly, with PXN strengthening compared with the previous period [2] - **Future Outlook**: The terminal weakening speed is accelerating, the inflection point of polyester load is approaching, the TA inventory will gradually accumulate again, but the overall pressure is not large and the valuation is not high [2] MEG - **Data Changes**: The price of Northeast Asian ethylene increased by 5, MEG outer - market price decreased by 7, MEG inner - market price decreased by 63, MEG East China price decreased by 63, MEG far - month price decreased by 50, MEG coal - based profit increased by 16.2, and MEG inner - market cash flow (ethylene) decreased by 88 [5] - **Operation Status**: The domestic MEG device has both overhauls and restarts, the start - up rate decreases slightly compared with the previous period, some overseas devices reduce their loads, the port inventory accumulates in the early next week, the arrival forecast within the week rebounds, the basis weakens, and the coal - based efficiency weakens again [5] - **Future Outlook**: After the EG price drops again, the coal - based losses intensify, and the supply side has some production cuts but fails to reverse the inventory accumulation trend. The short - term valuation is low but the driving force is limited, and the long - term pattern is expected to be weak [5] Polyester Staple Fiber - **Data Changes**: The price of 1.4D cotton - type staple fiber decreased by 30, the price of pure - polyester yarn remained unchanged, the profit of staple fiber increased by 8, and the profit of pure - polyester yarn increased by 10 [5] - **Operation Status**: The proximal device runs stably, the start - up rate remains at 97.5%, the production and sales are basically stable, and the inventory decreases compared with the previous period. On the demand side, the start - up rate of polyester yarn is stable, the raw material inventory decreases, and the finished product inventory accumulates, while the efficiency remains stable [5] - **Future Outlook**: The short - term inventory pressure is limited due to high exports, but the pattern may weaken in the long - term as the downstream enters the off - season and new devices are about to be put into operation [5] Styrene - **Data Changes**: The price of pure benzene (East China) increased by 10, the price of hydrogenated benzene (Shandong) increased by 20, the price of styrene (Jiangsu) increased by 35, the price of styrene (South China) increased by 45, and the profit of EPS domestic production increased by 20 [7] - **Operation Status**: The price of ethylene (CFR Northeast Asia) remains stable, and the price changes of related raw materials and products have different trends [7] Natural Rubber and 20 - number Rubber - **Data Changes**: The daily change in the price of US - dollar - denominated Thai standard rubber is 5, the weekly change is - 30; the daily change in the price of Shanghai full - latex rubber is 5, the weekly change is - 315; the daily change in RU main contract price is 25, the weekly change is - 345 [10] - **Operation Status**: The national explicit inventory is stable, and the absolute level is not high. The Thai cup - lump price is stable, and rainfall affects rubber tapping [10] - **Strategy**: Wait and see [10]

Report Industry Investment Ratings - Not provided in the given content Core Viewpoints - For PTA, near - term TA partial device maintenance leads to a decline in start - up rate, polyester load drops, inventory accumulates, basis is weak, and spot processing fees improve slightly. With TA remaining in high - maintenance status, downstream demand not under obvious pressure, and India revoking BIS certification, the inventory accumulation rate is not high, and there are opportunities for positive spreads and expanding processing fees [2]. - For MEG, near - term domestic oil - based production increases, coal - based production has partial maintenance and load reduction, overall start - up rate drops, overseas device restart is postponed, port inventory accumulates, basis weakens, and coal - based efficiency is low. Short - term EG inventory accumulation is expected to continue, but the further decline space of valuation may be limited, and the long - term pattern is expected to weaken [2]. - For polyester staple fiber, near - term device operation is stable, start - up rate remains at 97.5%, sales are weak, and inventory accumulates. Although the efficiency and start - up rate of polyester yarn have no obvious improvement, staple fiber exports maintain high growth, and there are opportunities for expanding processing fees and attention should be paid to warehouse receipts [2]. - For natural rubber and 20 - grade rubber, the national explicit inventory is stable and at a low level, Thai cup - lump rubber price is stable, and rainfall affects tapping. The strategy is to wait and see [5]. Summaries by Product PTA - Price Changes: From November 12 to 18, crude oil price increased by 0.7, naphtha decreased by 2, PX CFR Taiwan decreased by 4, PTA inner - market spot decreased by 5, POY 150D/48F decreased by 5. Naphtha cracking spread remained unchanged, PX processing margin decreased by 2, PTA processing margin increased by 15, and polyester gross profit increased by 9 [2]. - Device Changes: Sichuan Energy Investment's 1 million - ton device is under maintenance [2]. - Market Outlook: TA will maintain a high - maintenance status. Downstream demand, especially for filaments and staple fibers, is not under obvious pressure. With India revoking BIS certification, the inventory accumulation rate is not high, and there are opportunities for positive spreads and expanding processing fees [2]. MEG - Price Changes: From November 12 to 18, Northeast Asian ethylene price remained unchanged, MEG outer - market price decreased by 4, MEG inner - market price decreased by 28, MEG East China price decreased by 28, MEG far - month price decreased by 28. MEG coal - based profit decreased by 28, and MEG inner - market cash flow (ethylene) remained unchanged [2]. - Device Changes: Hongsifang's 300,000 - ton device, Huayi's 200,000 - ton device are under maintenance, and Zhenhai's 800,000 - ton device restarts [2]. - Market Outlook: Short - term EG inventory accumulation is expected to continue. Considering that the efficiency is at a low level after coal price rises, there may be partial reduction in supply. The long - term pattern is expected to weaken [2]. Polyester Staple Fiber - Price Changes: From November 12 to 18, the price of 1.4D cotton - type staple fiber decreased by 25, and other prices remained unchanged. The profit of pure polyester yarn increased by 25, and the difference between cotton and polyester staple fiber decreased by 10, while the difference between viscose and polyester staple fiber increased by 25 [2]. - Device Changes: No device maintenance information is provided [2]. - Market Outlook: Although the efficiency and start - up rate of polyester yarn have no obvious improvement, staple fiber exports maintain high growth. There are opportunities for expanding processing fees and attention should be paid to warehouse receipts [2]. Natural Rubber and 20 - grade Rubber - Price Changes: From November 12 to 18, the price of US - dollar Thai standard rubber remained unchanged, US - dollar Thai mixed rubber decreased by 5, RMB mixed rubber decreased by 30, Shanghai whole - milk rubber increased by 200, and Shanghai 3L rubber increased by 100. Other prices also had corresponding changes [5]. - Market Outlook: The national explicit inventory is stable and at a low level, Thai cup - lump rubber price is stable, and rainfall affects tapping. The strategy is to wait and see [5]. Styrene - Price Changes: From November 12 to 18, ethylene (CFR Northeast Asia) price remained unchanged, pure benzene (CFR China) price increased by 11, pure benzene (East China) price decreased by 75, and other prices also had corresponding changes. Styrene domestic profit increased by 15, and EPS domestic profit decreased by 5 [8].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - For PTA, the near - end TA partial device load reduction, start - up slightly decreased, polyester load increased month - on - month, inventory slightly accumulated, basis strengthened month - on - month, and spot processing fee slightly repaired. With the subsequent low processing fee for a long time and better terminal data, the processing fee center may gradually repair [2]. - For MEG, the near - end domestic oil - based restarted, load increased month - on - month, overseas partial devices restarted, port inventory decreased month - on - month at the beginning of next week, but the arrival forecast increased during the week, basis weakened month - on - month, and coal - based benefits and price ratios decreased. In the long - term, it is in a continuous inventory accumulation stage with a bearish pattern, but there may be partial negative feedback on the supply side after the weakening of coal - based benefits and price ratios [2]. - For polyester staple fiber, the near - end Fujian Shanli restarted, start - up increased, production and sales weakened month - on - month, and inventory remained stable. With the overall inapparent improvement in the benefits and start - up of the polyester yarn end, high export growth of staple fiber itself, and high start - up due to good spot benefits, the overall inventory pressure is limited, and attention should be paid to the opportunity of expanding the spread and the situation of warehouse receipts [2]. - For natural rubber and 20 - number rubber, the national explicit inventory remained stable at a relatively low absolute level, and the Thai cup - lump rubber price remained stable with rainfall affecting tapping. The strategy is to wait and see [2]. Summary by Commodity PTA - Price data: From October 29 to November 4, 2025, crude oil decreased from $64.9 to $64.4, PTA internal - market spot decreased from 4535 to 4520, and polyester POY 150D/48F increased from 6415 to 6515. The PTA processing fee increased from 119 to 94, and polyester gross profit increased from - 3 to 160 [2]. - Device change: Shandong Weilian's 2.5 - million - ton device reduced load [2]. MEG - Price data: From October 29 to November 4, 2025, Northeast Asian ethylene remained at 740, MEG external - market price decreased from 490 to 471, and MEG internal - market price decreased from 4152 to 4002. MEG coal - based profit decreased from - 171 to - 286 [2]. - Device change: Tongliao's 300,000 - ton device restarted [2]. Polyester Staple Fiber - Price data: From October 29 to November 4, 2025, the price of 1.4D cotton - type staple fiber decreased from 6440 to 6395, and short - fiber profit decreased from 154 to 132 [2]. - Device change: Fujian Shanli restarted, and the start - up increased to 96.8% [2]. Natural Rubber & 20 - Number Rubber - Price data: From October 29 to November 4, 2025, the US - dollar Thai standard spot decreased from 1865 to 1800, and the Shanghai whole - latex decreased from 14925 to 14175 [2]. - Key indicators: The national explicit inventory remained stable, and the Thai cup - lump rubber price remained stable with rainfall affecting tapping [2]. Styrene - Price data: From October 29 to November 4, 2025, ethylene (CFR Northeast Asia) remained at 740, pure benzene (CFR China) remained at 681, and styrene (CFR China) decreased from 800 to 780. EPS domestic profit increased from 275 to 395 [5].