装置检修动态:华东一套250万吨PTA装置目前重启中,预计近日出产品,该装置11.17附近停车检修。 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据目报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/11/25 | | | | 能源化工研究中心 | 陈胜 | 从业资格号:F3066728 | | | | 指标 | 2025/11/21 | 2025/11/24 | 变动值 | 行情综述 | | | INE原油(元/桶) | 447. 4 | 447.9 | 0. 50 | 成交情况: PTA: PTA去库存,上周华东220万吨PTA装置延长检修 | | SC | PTA-SC(元/吨) | 1414. 7 | 1425. 1 | 10. 37 | 时间,导致宁波货源供应量下降,现货基差走强,PTA 行情小涨。 | | | PTA/SC(比价) | 1. 4351 | 1. 4378 | 0. 0027 | | | PX | CFR中国PX | 82 ...

Group 1 - The core viewpoint of the article is that China Resources Materials (SZ 301090) is actively engaging with investors, highlighting its financial performance and market position [1] - In the fiscal year 2024, the revenue composition of China Resources Materials is predominantly from the polyester industry, accounting for 99.92%, while other segments contribute only 0.08% [1] - As of the report date, the market capitalization of China Resources Materials stands at 11.7 billion yuan [1]

每经AI快讯，三房巷（SH 600370，收盘价：2.44元）11月20日晚间发布公告称，江苏三房巷聚材股份 有限公司控股股东三房巷集团有限公司持有公司股份数量约为29.67亿股，占公司总股本的76.15%。本 次解除质押及再质押后，三房巷集团累计质押股份数量约为18.07亿股，占其所持有公司股份总数的 60.9%，占公司总股本的46.37%。三房巷集团一致行动人江苏三房巷国际贸易有限公司持有公司股份数 量约为2亿股，占公司总股本的5.14%，未质押；三房巷集团累计已质押股份数占三房巷集团及三房巷 国贸所持有公司股份数的57.05%，占公司总股本的46.37%。 （记者 曾健辉） 2024年1至12月份，三房巷的营业收入构成为：聚酯行业占比77.73%，化工行业占比20.13%，其他行业 占比1.16%，热电占比0.97%。 截至发稿，三房巷市值为95亿元。 每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 ...

国泰君安期货·能源化工 短纤、瓶片周度报告 国泰君安期货研究所 陈鑫超 投资咨询从业资格号：Z0020238 贺晓勤 投资咨询从业资格号：Z0017709 钱嘉寅（联系人）期货从业资格号：F03124480 日期：2025年11月16日 Guotai Junan Futures all rights reserved, please do not reprint Special report on Guotai Junan Futures 瓶片（PR） 短纤：短期震荡市，中期偏弱 估值与利润 基本面运行情况 供需平衡表 03 短纤（PF） 估值与利润 基本面运行情况 CONTENTS 01 观点小结 上游观点汇总 瓶片：震荡偏弱 2 02 观点小结 01 本周短纤观点：原料波动放大，下游补库节点临近 供应 开工开工新高，平均开工97.5%，纺纱用直纺涤短开工99.5%。4季度开工预计在95%上下震荡。 需求 秋冬季节内需保持较好，纺织各环节利润大多延续修复。新订单环比小幅走弱，关注月中至下旬附近新一冷空气和各个环节补库需求带来的需 求接力。短期抢出口空间不足，出口窗口期要至12月后。印度对多种聚酯产品BIS认 ...

Company Overview - Wankai New Materials (SZ 301216) announced the convening of its 26th meeting of the second board of directors on November 10, 2025, to discuss the proposal for the first extraordinary general meeting of shareholders in 2025 [1] - As of the report date, Wankai New Materials has a market capitalization of 10.7 billion yuan [1] Revenue Composition - For the year 2024, Wankai New Materials' revenue composition is as follows: the polyester industry accounts for 99.52%, while other businesses contribute 0.48% [1]

投资咨询业务资格:证监许可【2012】31号 【一国贸易报 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,报 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 方传播的行为均构成对国贸期货的侵权,我司将视情况退究法律责任 险,入市需谨慎。 ITG国贸期货 世界500强投资企业 国贸期货有限公司 成为一流的衍生品综合服务商 入 用 市 市 lle 41 客 官 方 网 站 服 热线 la 风 400-8888-598 www.itf.com.cn | | | | 国贸期货研究院 | 投资咨询号:Z0017251 2025/11/4 | | --- | --- | --- | --- | --- | | | | | 能源化工研究中心 陈胜 | 从业资格号:F3066728 | | 指标 | 2025/10/31 | 2025/11/3 | 变动值 | | | PTA现货价格 | 4510 | 4535 | 25.00 | | | MEG内盘价格 | 4106 | 4068 | (38.00) | 现货资讯: | | PTA收盘价 | 4586 | 4596 ...

Company Overview - China Resources Materials (SZ 301090) announced that on October 31, 2025, it will accept research from Huatai Securities, with the CFO and board secretary Li Xiaojun participating in the meeting and addressing investor questions [1] Financial Performance - For the year 2024, the revenue composition of China Resources Materials is as follows: 99.92% from the polyester industry and 0.08% from other sources [1] - As of the report date, the market capitalization of China Resources Materials is 11.2 billion yuan [1]

Group 1: Industry Investment Rating - No information provided Group 2: Core Views - The news of the PTA industry advancing the "anti-involution" policy has driven the rapid rise of PTA prices. However, with the post - market decline of crude oil, PTA prices may fall back [2]. - Although the overall load of domestic PTA plants has been adjusted down due to low processing fees, the polyester industry's profit is still constrained by over - capacity pressure from new production capacity and overseas plant commissioning [2]. - After long - term low - level operation, PTA prices rebounded rapidly due to policy expectations. Currently, the operating rate of polyester downstream remains above 91%, with demand slightly exceeding expectations and recent polyester production and sales being relatively high [2]. - Against the backdrop of positive news from the China - US economic and trade negotiations over the weekend, overseas demand for Chinese textile and clothing products is expected to recover [2]. Group 3: Summary by Index Price Changes - PTA spot price increased from 4505 to 4535, up 30 [2]. - MEG inner - market price decreased from 4183 to 4167, down 16 [2]. - PTA closing price decreased from 4616 to 4614, down 2 [2]. - MEG closing price decreased from 4109 to 4069, down 40 [2]. - 1.4D direct - spinning polyester staple fiber price increased from 6405 to 6445, up 40 [2]. - Short - fiber basis increased from 78 to 103, up 25 [2]. - 11 - 12 spread decreased from 14 to 36, down 22 [2]. - Polyester staple fiber cash flow increased from 240 to 246, up 6 [2]. - 1.4D imitation large - denier fiber price remained unchanged at 5400 [2]. - The price difference between 1.4D direct - spinning and imitation large - denier fiber increased from 1005 to 1045, up 40 [2]. - East China water - bottle chip price increased from 5725 to 5732, up 7 [2]. - Hot - filling polyester bottle chip price increased from 5725 to 5732, up 7 [2]. - Carbonated - grade polyester bottle chip price increased from 5825 to 5832, up 7 [2]. - Outer - market water - bottle chip price increased from 755 to 760, up 5 [2]. - Bottle - chip spot processing fee decreased from 472 to 459, down 13.29 [2]. - T32S pure polyester yarn price increased from 10300 to 10320, up 20 [2]. - T32S pure polyester yarn processing fee decreased from 3865 to 3875, down 20 [2]. - Polyester - cotton yarn 65/35 45S price remained unchanged at 16350 [2]. - Cotton 328 price decreased from 14565 to 14525, down 40 [2]. - Polyester - cotton yarn profit decreased from 1598 to 1587, down 11.40 [2]. - Primary three - dimensional hollow (with silicon) fiber price increased from 6955 to 7000, up 40 [2]. - Hollow staple fiber 6 - 15D cash flow increased from 502 to 522, up 19.71 [2]. - Primary low - melting - point staple fiber price remained unchanged at 7410 [2]. Market Conditions - Polyester staple fiber: The main futures of polyester staple fiber rose 50 to 6250. In the spot market, the prices of polyester staple fiber production plants were raised, and trader prices were warming up. Downstream buyers purchased as needed, and on - site transactions were limited [2]. - Polyester bottle chip: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 5730 - 5830 yuan/ton, with the average price rising 15 yuan/ton compared to the previous working day. PTA continued to rise, enhancing cost support. With the increasing willingness of suppliers to offer prices, the market negotiation increased slightly [2]. Operating Rates and Sales - Direct - spinning staple fiber load (weekly) increased from 93.90% to 94.40%, up 0.01 [3]. - Polyester staple fiber production and sales decreased from 80.00% to 40.00%, down 40.00% [3]. - Polyester yarn operating rate (weekly) remained unchanged at 63.50% [3]. - Regenerated cotton - type load index (weekly) decreased from 51.50% to 51.00%, down 0.01 [3].

Group 1 - The controlling shareholder of Sanfangxiang, Sanfangxiang Group, holds approximately 2.967 billion shares, accounting for 76.15% of the total share capital [1] - After the recent pledge release and re-pledge, the total pledged shares by Sanfangxiang Group amount to about 1.749 billion shares, which is 58.94% of its holdings and 44.89% of the total share capital [1] - Sanfangxiang Group's action partner, Jiangsu Sanfangxiang International Trade Co., Ltd., holds around 200 million shares, representing 5.14% of the total share capital, and these shares are unpledged [1] Group 2 - For the fiscal year 2024, Sanfangxiang's revenue composition is as follows: polyester industry 77.73%, chemical industry 20.13%, other industries 1.16%, and thermal power 0.97% [1] - The current market capitalization of Sanfangxiang is 9 billion yuan [2]

Group 1 - The company announced a total guarantee amount of approximately 8.033 billion yuan for its subsidiaries and inter-subsidiary guarantees, which accounts for 139.21% of the latest audited consolidated net assets attributable to the parent company [1] - The company provided a guarantee of 600 million yuan for its controlling shareholder, representing 10.4% of the latest audited consolidated net assets attributable to the parent company [1] - The total guarantee amount, including the above, is approximately 8.633 billion yuan, which constitutes 149.6% of the latest audited consolidated net assets attributable to the parent company [1] Group 2 - For the year 2024, the company's revenue composition is as follows: polyester industry 77.73%, chemical industry 20.13%, other industries 1.16%, and thermal power 0.97% [1] - As of the report date, the company's market capitalization is 9 billion yuan [1]