投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/7/1 | | | | 能源化工研究中心 | 陈胜 | | 从业资格号:F3066728 | | | 指标 | 2025/6/27 | 2025/6/30 | 变动值 | 行情综述 | | SC | INE原油(元/桶) | 498.5 | 496. 7 | -1.80 | 成交情况: PTA: PTA行情上涨,盘中PX行情偏强,成本支撑PTA。 或担忧下游聚酯减产,PTA现货基差走弱。 | | | PTA-SC(元/陣) | 1155. 4 | 1188. 4 | 33. 08 | | | | PTA/SC(比价) | 1. 3189 | 1. 3292 | 0. 0103 | | | PX | CFR中国PX | 868 | 874 | 6 | | | | PX-石脑油价差 | 298 | 304 | 6 | | | | PTA主力期价(元/吨) | ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/6/30 | | | | 能源化工研究中心 | 陈胜 | 从业资格号:F3066728 | | | | 指标 | 2025/6/26 | 2025/6/27 | 变动值 | 行情综述 | | | INE原油(元/桶) | 502. 9 | 498.5 | -4. 40 | 成交情况: PTA: PTA行情窄幅震荡,担忧下游聚酯工厂减产,PTA | | SC | PTA-SC(元/陣) | 1115. 4 | 1155. 4 | 39.98 | 现货基差走弱。下游涤纶长丝工厂让利销售,但终端 | | | | | | | 买气不佳,截至下午3:00,涤纶长丝产销仅49.52%。 | | | PTA/SC(比价) | 1. 3052 | 1. 3189 | 0. 0137 | | | PX | CFR中国PX | 853 | 868 | 15 | | | | ...

直纺短纤负荷(周) 88. 90% 91. 30% 0. 02 涤纶短纤产销 53.00% 27.00% -26. 00% 涤纱开机率(周) 67.00% 67.00% 0. 00 再生棉型负荷指数(周) 50. 40% 50. 40% 0. 00 涤纶短纤与纯涤纱价格 涤纶短纤现金流 14000 10000 10000 1800 (探偵) 太原始欲德 t T325年演出 (群炉) 图片员22日 短规金流 ·1.4D直线条短 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 10000 200 5000 4000 -200 9000 + 3000 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 涤棉纱65/35 45S价格与利润 中空短纤价格与现金流 2500 10000 22500 4000 泽梯少利润 泽棉纱65/35 45S 中空短 ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/6/24 | | | | 能源化工研究中心 | 陈胜 | | 从业资格号:F3066728 | | | 指标 | 2025/6/20 | 2025/6/23 | 变动值 | 行情综述 | | SC | INE原油(元/桶) | 566. 6 | 574.5 | 7.90 | 成交情况: PTA:PTA行情下跌,原油高开低走,PTA行情冲高回落 | | | PTA-SC(元/吨) | 860. 5 | 837. 1 | -23.41 | 。午后传闻华东某PX企业可能减少7月长约供应量,暂 | | | PTA/SC(比价) | 1. 2090 | 1. 2005 | -0. 0085 | 无官宣消息,午后PTA行情一度反弹。 | | PX | CFR中国PX | 896 | 899 | 3 | | | | PX-石脑油价差 | 250 | 253 | 3 ...

投资咨询业务资格:证监许可【2012】 31号 【 一 国贸 期货 得资讯。 直纺短纤负荷(周) 88. 90% 91. 30% 0. 02 涤纶短纤产销 -3.00% 54. 00% 51.00% 涤纱开机率(周) 67.00% 67.00% 0. 00 再生棉型负荷指数(周) 50. 40% 50. 40% 0. 00 涤纶短纤与纯涤纱价格 涤纶短纤观金流 14000 10000 10000 1800 t T325年演出 (探偵) 太原始術 (群贝) 解日示52E= 器短现金流 ·1.4D直纺条短 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 10000 200 5000 4000 -200 9000 + 3000 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 2021-01-01 2022-01-01 2024-01-01 2025-01-01 2023-01-01 涤棉纱65/35 45S价格与利润 中空短纤价格与现金流 2500 ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号:Z0017251 | 2025/6/18 | | | | 能源化工研究中心 | 陈胜 | | 从业资格号:F3066728 | | | 指标 | 2025/6/16 | 2025/6/17 | 变动值 | 行情综述 | | | INE原油(元/桶) | 541.6 | 529.8 | -11.80 | 成交情况: PTA: PTA行情上涨,原油反弹,PTA货少利好延续,主 | | SC | | | | | 力供应商挺市,现货基差走强,贸易商追涨高基差, | | | PTA-SC(元/陣) | 830. 1 | 931.9 | 101. 75 | 下游聚酯工厂抵触高基差。 | | | PTA/SC(比价) | 1. 2109 | 1. 2420 | 0. 0311 | | | | CFR中国PX | 866 | 884 | 18 | | | PX | PX-石脑油价差 | 246 | 2 ...

| | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/6/13 | | | | 能源化工研究中心 | 陈胜 | 从业资格号:F3066728 | | | | 指标 | 2025/6/11 | 2025/6/12 | 变动值 | 行情综述 | | SC | INE原油(元/桶) PTA-SC(元/陣) | 478. 1 1145.6 | 495. 7 1017. 7 | 17. 60 -127.90 | 成交情况: PTA:PTA行情上涨,美国和中东某国之间的紧张局势 升级,布伦特原油价格一度涨至4月3日以来的高点, | | | | | | | 推涨PTA行情。PTA仓单数量上升,现货流动性暂时偏 | | | PTA/SC(比价) | 1. 3297 | 1. 2825 | -0. 0472 | 紧,现货基差走强。 | | PX | CFR中国PX | 812 | 818 | 6 | | | | PX-石脑油价差 | 239 | 247 | 8 | | | | PTA ...

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - Due to the concentrated maintenance of PTA plants and the intensive maintenance of upstream PX plants, the internal - external price difference of PX has been significantly repaired. The load of PX plants has changed with the large - scale maintenance of reforming plants. More domestic PTA and reforming plants are planned for maintenance in May. PTA has weakened significantly, and market sentiment has calmed down [2]. - The profits of polyester downstream products have been compressed, and the polyester load has remained at a high level. Recently, polyester sales have continued to improve, and polyester inventory has been significantly reduced. However, the downstream load is decreasing, and the terminal export demand has weakened significantly. PTA has entered a de - stocking cycle, with an expected de - stocking amplitude of over 400,000 tons, and the de - stocking will stop in June [2]. - PXN has shrunk to 160, and the price difference between PX - MX has shrunk to 65. The load of domestic PX plants has declined. The processing fee of PTA still remains at around 350 yuan and has increased slightly. The downstream of polyester may cut production, including FDY, short - fiber, and bottle, with reduced downstream load and significantly fewer orders [2][3]. 3) Data Summary Price and Price Difference Changes - PTA spot price increased from 4415 to 4585, a change of 170 [2]. - MEG inner - market price increased from 4188 to 4210, a change of 22 [2]. - 1.4D direct - spinning polyester short - fiber price increased from 6375 to 6460, a change of 85 [2]. - Short - fiber basis decreased from 310 to 293, a change of - 17 [2]. - 5 - 6 spread decreased from 62 to 50, a change of - 12 [2]. - The price difference between 1.4D direct - spinning and imitation large - chemical fiber increased from 525 to 610, a change of 85 [2]. - The price of East China water - bottle chips increased from 5710 to 5790, a change of 80 [2]. - The price of outer - market water - bottle chips increased from 750 to 760, a change of 10 [2]. - Bottle - chip spot processing fee decreased from 532 to 459, a change of - 72.72 [2]. - T32S pure polyester yarn price remained unchanged at 10600 [2]. - T32S pure polyester yarn processing fee decreased from 4225 to 4140, a change of - 85 [2]. - Cotton 328 price decreased from 13915 to 13875, a change of - 40 [2]. - Polyester - cotton yarn profit decreased from 2064 to 2022, a change of - 41.23 [2]. - The price of primary three - dimensional hollow (with silicon) increased from 6890 to 6915, a change of 25 [2]. - The cash flow of hollow short - fiber 6 - 15D decreased from 512 to 384, a change of - 127.72 [2]. Load and Production and Sales Changes - The direct - spinning short - fiber load (weekly) increased from 88.90% to 91.30%, a change of 0.02 [3]. - Polyester short - fiber production and sales increased from 70.00% to 74.00%, a change of 4.00% [3]. - The polyester yarn startup rate (weekly) remained unchanged at 67.00% [3]. - The recycled cotton - type load index (weekly) remained unchanged at 50.40% [3]