Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - The conflict between Iran and Israel has eased, leading to a significant drop in crude oil prices, and the chemical industry has followed suit [2]. - Despite the expectation of load reduction, the downstream load of polyester has remained at 91.3%, and the actual output of polyester has reached a new high. Recent promotions have contributed to inventory reduction [2]. - PTA will experience inventory reduction in the coming period. The action of major factories to increase basis sales has had a significant impact on the market, and the PTA spot is becoming tight. Polyester has recently reduced inventory rapidly, and the polyester inventory has increased significantly. Affected by the rise in crude oil prices, the market's purchasing willingness has strengthened [2]. - The maintenance of a Northeast PX factory and a Zhejiang reforming unit has been postponed [2]. 3. Summary by Relevant Catalogs 3.1 Spot Price Changes - PTA spot price increased from 5020 to 5025, with a change of 5.00 [2]. - MEG inner - market price decreased from 4379 to 4346, a change of - 33.00 [2]. - 1.4D straight - spun polyester staple fiber price decreased from 6855 to 6805, a change of - 50.00 [2]. - T32S pure polyester yarn price decreased from 10670 to 10630, a change of - 40.00 [2]. - Cotton 328 price increased from 14875 to 14935, a change of 60.00 [2]. 3.2 Futures Price Changes - PTA closing price increased from 4770 to 4778, a change of 8.00 [2]. - MEG closing price decreased from 4293 to 4271, a change of - 22.00 [2]. 3.3 Basis and Spread Changes - Staple fiber basis decreased from 86 to 84, a change of - 2.00 [2]. - 7 - 9 spread decreased from 208 to 172, a change of - 36.00 [2]. 3.4 Cash Flow and Processing Fee Changes - Polyester staple fiber cash flow increased from 240 to 246, a change of 6.00 [2]. - Bottle - chip spot processing fee increased from 276 to 291, a change of 14.78 [2]. - T32S pure polyester yarn processing fee increased from 3815 to 3825, a change of 10.00 [2]. - Polyester - cotton yarn profit increased from 1132 to 1143, a change of 10.47 [2]. - Hollow staple fiber 6 - 15D cash flow decreased from 416 to 408, a change of - 8.22 [2]. 3.5 Market Conditions - **Staple Fiber Market**: The price of polyester staple fiber has declined. The spot market is mainly based on price negotiations among production enterprises, and the prices of traders have declined. Downstream buyers purchase as needed, and market transactions are cautious [2]. - **Bottle - Chip Market**: The mainstream negotiation price of polyester bottle - chips in the Jiangsu and Zhejiang markets is between 6020 - 6130 yuan/ton, with the average price remaining flat compared to the previous working day. During the day, polyester raw materials and bottle - chip futures fluctuated narrowly. The supply side's quotations were stable, the downstream terminal's purchasing enthusiasm was average, and the market trading atmosphere was cautious [2]. 3.6 Load and Production and Sales Rates - The straight - spun staple fiber load (weekly) increased from 88.90% to 91.30%, a change of 0.02 [3]. - The polyester staple fiber production and sales rate increased from 37.00% to 43.00%, a change of 6.00% [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].

Group 1: Report Core Views - Polyester downstream load remains at 91.8% despite the expected reduction, and recent promotions have facilitated inventory clearance [2] - PTA will undergo inventory reduction in the coming period, and the actions of mainstream factories to increase basis sales have significantly impacted the market, making PTA spot supplies tight [2] - The change in the sales strategy of large - scale PTA factories, especially the act of canceling warehouse receipts to sell spot, is effectively altering the market's view on PTA positive spreads [2] - It is difficult for downstream production cuts to form a unified force, and the maintenance of Northeast PX factories and Zhejiang reforming units has been postponed [2] - Short - fiber and bottle - chip device maintenance is expected to be carried out in the near future [2] Group 2: Data Summary Spot Price Changes - PTA spot price increased from 4825 to 4855, a change of 30 [2] - MEG inner - market price decreased from 4377 to 4350, a change of - 27 [2] Closing Price Changes - PTA closing price remained unchanged at 4620 [2] - MEG closing price decreased from 4285 to 4234, a change of - 51 [2] Short - fiber and Related Data - 1.4D direct - spinning polyester short - fiber price remained unchanged at 6570 [2] - Short - fiber basis decreased from 116 to 107, a change of - 9 [2] - 7 - 9 spread decreased from 138 to 102, a change of - 36 [2] - Polyester short - fiber cash flow increased from 240 to 246, a change of 6 [2] Bottle - chip Data - Polyester bottle - chip prices in the Jiangsu and Zhejiang markets increased, with the average price rising 15 yuan/ton [2] - Spot processing fees for bottle - chips increased from 321 to 330, a change of 8.4 [2] Other Product Data - T32S pure - polyester yarn price and processing fees remained unchanged [2] - Polyester - cotton yarn price, profit, and other related data remained unchanged [2] - The price of 1.4D imitation large - chemical fiber remained unchanged at 5850 [2] - The price difference between 1.4D direct - spinning and imitation large - chemical fiber remained unchanged at 720 [2] Load and Production and Sales Data - Direct - spinning short - fiber load increased from 88.90% to 91.30% [3] - Polyester short - fiber production and sales increased from 69.00% to 75.00%, a change of 6.00% [3] - Polyester yarn startup rate remained unchanged at 67.00% [3] - Regenerated cotton - type load index remained unchanged at 50.40% [3]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints - Polyester downstream load remains at 91.8% despite the expected reduction, and recent promotions have helped with inventory reduction [2] - PTA will reduce inventory in the coming period, and the actions of mainstream factories to increase basis sales have had a significant impact on the market, making PTA spot supply tight [2] - The change in the sales strategy of large PTA factories, especially the sale of spot by canceling warehouse receipts, is effectively changing the market's view on PTA positive spreads [2] - It is difficult for downstream production cuts to form a synergy. Even though polyester has been publicizing centralized production cuts, it is hard to see effective actions in the market, and the downstream's resistance to the upstream seems ineffective [2] Group 3: Summary by Related Catalogs Spot Price Trends - PTA spot price decreased from 4950 to 4945, a decrease of 5 [2] - MEG domestic price increased from 4483 to 4495, an increase of 12 [2] - 1.4D direct-spun polyester staple fiber price decreased from 6625 to 6580, a decrease of 45 [2] - Polyester staple fiber basis increased from 76 to 81, an increase of 5 [2] - 6 - 7 spread decreased from 22 to 16, a decrease of 6 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - 1.4D direct-spun and imitation large chemical fiber price difference decreased from 685 to 640, a decrease of 45 [2] - East China water bottle chip price decreased from 6017 to 5999, a decrease of 18 [2] - Hot-filled polyester bottle chip price decreased from 6017 to 5999, a decrease of 18 [2] - Carbonated-grade polyester bottle chip price decreased from 6117 to 6099, a decrease of 18 [2] - T32S pure polyester yarn price remained unchanged at 10600 [2] - T32S pure polyester yarn processing fee increased from 3975 to 4020, an increase of 45 [2] - Polyester-cotton yarn 65/35 45S price decreased from 16530 to 16450, a decrease of 80 [2] - Cotton 328 price decreased from 14390 to 14355, a decrease of 35 [2] - Polyester-cotton yarn profit decreased from 1698 to 1661, a decrease of 36.94 [2] - Primary three-dimensional hollow (with silicon) price remained unchanged at 7160 [2] - Hollow staple fiber 6 - 15D cash flow remained unchanged at 226 [2] - Primary low-melting staple fiber price remained unchanged at 7270 [2] Market Conditions - Polyester staple fiber: The price of polyester staple fiber production enterprises remained stable, while the price of traders declined. Downstream procurement enthusiasm was low, and low-price supply transactions dominated, with a general market atmosphere [2] - Polyester bottle chip: Polyester bottle chip factory quotes mostly decreased by 10 - 50, with partial stability. The market center adjusted weakly. It was reported that the transactions of May - June supply were at 5900 - 6050 or the futures contract 2507 was at a discount of 30 to a premium of 80. Low-price supply transactions were the main ones. Downstream demand replenishment was weak, and trading was light [2] Load and Production and Sales - Direct-spun staple fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3] - Polyester staple fiber production and sales increased from -58.00% to 111.00%, an increase of 53.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Recycled cotton-type load index (weekly) remained unchanged at 50.40% [3]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - PX maintenance has ended, and PX devices have started to return intensively with a rapid increase in device load. The supply of PX in the market has begun to rise, and the internal - external price difference of PX has been significantly repaired. The maintenance of domestic PTA devices has gradually ended, the basis of PTA has weakened significantly, and the market spot selling pressure has increased. Due to the relief of the supply side of PTA and PX, the positive spread in the market has weakened, and polyester may experience a slight production cut [2] Group 3: Summary of Data Changes Price Changes - PTA spot price increased from 4875 to 4910, an increase of 35 [2] - MEG internal - market price increased from 4525 to 4540, an increase of 15 [2] - 1.4D direct - spinning polyester staple fiber decreased from 6660 to 6595, a decrease of 65 [2] - T32S pure polyester yarn price decreased from 10720 to 10680, a decrease of 40 [2] - Cotton 328 price decreased from 14435 to 14415, a decrease of 20 [2] Basis and Spread Changes - Short - fiber basis increased from 85 to 98, an increase of 13 [2] - 1.4D direct - spinning and imitation large - chemical fiber price difference decreased from 665 to 599, a decrease of 66 [2] Processing Fee and Profit Changes - Bottle - chip spot processing fee decreased from 309 to 303, a decrease of 5.95 [2] - T32S pure polyester yarn processing fee increased from 4060 to 4085, an increase of 25 [2] - Polyester - cotton yarn profit increased from 1658 to 1709, an increase of 50.65 [2] Load and Sales - to - Production Ratio Changes - Direct - spinning short - fiber load (weekly) increased from 88.90% to 91.30%, an increase of 2.4 percentage points [3] - Polyester short - fiber sales - to - production ratio increased from - 15.00% to 60.00%, an increase of 75 percentage points [3]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - PX's maintenance is over, and PX devices are returning intensively with a rapid increase in device load. The supply of PX in the market has started to rise, and the internal - external price difference of PX has been significantly repaired. The maintenance of domestic PTA devices is gradually ending, the basis of PTA has weakened significantly, and the market has faced selling pressure. Due to the relief of the supply side of PTA and PX, the positive spread in the market has weakened, and the PTA monthly spread has decreased significantly. The destocking of polyester factories is approaching two weeks, the downstream concentrated restocking is over, the polyester inventory has improved, and polyester may experience a slight production cut [2] 3. Summary by Relevant Catalog Spot Price Changes - PTA spot price increased from 4860 to 4875, an increase of 15 [2] - MEG internal - market price increased from 4501 to 4525, an increase of 24 [2] - PTA closing price increased from 4702 to 4716, an increase of 14 [2] - MEG closing price decreased from 4411 to 4403, a decrease of 8 [2] - 1.4D direct - spinning polyester staple fiber price remained unchanged at 6660 [2] - Polyester staple fiber basis decreased from 101 to 85, a decrease of 16 [2] - 6 - 7 spread decreased from 2 to 0, a decrease of 2 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - 1.4D imitation large - chemical fiber price decreased from 6000 to 5665, a decrease of 5 [2] - The price difference between 1.4D direct - spinning and imitation large - chemical fiber increased from 660 to 665, an increase of 5 [2] - East China water - bottle chip price decreased from 6015 to 5993, a decrease of 22 [2] - Hot - filling polyester bottle chip price decreased from 6015 to 5993, a decrease of 22 [2] - Carbonated - grade polyester bottle chip price decreased from 6115 to 6093, a decrease of 22 [2] - Outer - market water - bottle chip price remained unchanged at 785 [2] - Bottle chip spot processing fee decreased from 352 to 309, a decrease of 42.87 [2] - T32S pure polyester yarn price remained unchanged at 10720 [2] - T32S pure polyester yarn processing fee remained unchanged at 4060 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16530 [2] - Cotton 328 price decreased from 14471 to 14435, a decrease of 36 [2] - Polyester - cotton yarn profit increased from 1644 to 1658, an increase of 13.61 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7195 [2] - Hollow staple fiber 6 - 15D cash flow decreased from 332 to 311, a decrease of 20.87 [2] - Primary low - melting - point staple fiber price remained unchanged at 7270 [2] Operating Rate and Sales Rate - Direct - spinning staple fiber load (weekly) increased from 88.90% to 91.30%, an increase of 2.4 percentage points [3] - Polyester staple fiber sales rate decreased from 61.00% to 60.00%, a decrease of 1 percentage point [3] - Polyester yarn operating rate (weekly) remained unchanged at 67.00% [3] - Recycled cotton - type load index (weekly) remained unchanged at 50.40% [3]

Group 1: Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints - The Sino-US economic and trade high-level talks held in Geneva from May 10th to 11th were candid, in-depth, and constructive, reaching important consensus and achieving substantial progress. The two sides agreed to establish a Sino-US economic and trade consultation mechanism, significantly reducing reciprocal tariffs. The 24% tariff will be suspended for the initial 90 days, while the right to impose the remaining 10% tariff on these goods as stipulated in the executive order is retained. The additional tariffs on these goods imposed under Executive Order No. 14259 on April 8, 2025, and Executive Order No. 14266 on April 9, 2025, are cancelled. The intensive maintenance of PX has led to an obvious repair of the internal and external price difference of PX. Coupled with the maintenance of domestic PTA plants, the basis of PTA has strengthened significantly. Some traders' concentrated restocking has caused a certain tension in the market. Due to the contraction of the supply side of PTA and PX, the positive spread in the market has emerged, and the PTA monthly spread has been significantly pulled up. The destocking of polyester factories is approaching two weeks, with downstream concentrated destocking, and the inventory of polyester has improved [2] Group 3: Data Summary Price Changes - PTA spot price decreased from 5030 to 4990, a change of -40 [2] - MEG internal market price decreased from 4581 to 4570, a change of -11 [2] - PTA closing price decreased from 4798 to 4774, a change of -24 [2] - MEG closing price decreased from 4461 to 4460, a change of -1 [2] - 1.4D direct-spun polyester staple fiber decreased from 6805 to 6750, a change of -55 [2] - Short fiber basis increased from 57 to 92, a change of 35 [2] - 6 - 7 spread decreased from 38 to 28, a change of -10 [2] - Polyester staple fiber cash flow increased from 240 to 246, a change of 6 [2] - 1.4D imitation large chemical fiber price remained unchanged at 6000 [2] - The price difference between 1.4D direct-spun and imitation large chemical fiber decreased from 805 to 750, a change of -55 [2] - East China water bottle chip increased from 6188 to 6193, a change of 5 [2] - Hot-filled polyester bottle chip increased from 6188 to 6193, a change of 5 [2] - Carbonated-grade polyester bottle chip increased from 6288 to 6293, a change of 5 [2] - Outer market water bottle chip decreased from 805 to 800, a change of -5 [2] - Bottle chip spot processing fee increased from 353 to 396, a change of 42.89 [2] - T32S pure polyester yarn price remained unchanged at 10780 [2] - T32S pure polyester yarn processing fee increased from 3975 to 4030, a change of 55 [2] - Polyester-cotton yarn 65/35 45S price remained unchanged at 16500 [2] - Cotton 328 price decreased from 14415 to 14390, a change of -25 [2] - Polyester-cotton yarn profit increased from 1539 to 1585, a change of 45.92 [2] - Primary three-dimensional hollow (with silicon) price remained unchanged at 7210 [2] - Hollow staple fiber 6 - 15D cash flow increased from 175 to 213, a change of 37.89 [2] - Primary low-melting staple fiber price increased from 7250 to 7270, a change of 20 [2] Load and Production and Sales - Direct-spun staple fiber load (weekly) increased from 88.90% to 91.30%, a change of 0.02 [3] - Polyester staple fiber production and sales decreased from 30.00% to 47.00%, a change of -17.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Regenerated cotton-type load index (weekly) remained unchanged at 50.40% [3]

继续去化。聚酯工厂随着库存去化,减产的可能 直纺短纤负荷(周) 88. 90% 91. 30% 0. 02 性较低,包括FDY、短纤、瓶片所谓的减产很难 涤纶短纤产销 77.00% 125. 00% 48. 00% 以上数据来自万得资讯。 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) 太原始密 T325年深刻价格 (群贝) 解日示52E= 舞想坝金流 ·1.4D直纺条短 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 200 10000 5000 4000 -200 9000 + 3000 2021-01-01 2022-01-01 2023-01-01 2024-01-01 202 5-01-01 2021-01-01 2022-01-01 2023-01-01 2025-01-01 2024-01-01 涤棉纱65/35 45S ...

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - Due to the intensive maintenance of PX and the significant repair of the internal and external price difference of PX, coupled with the maintenance of domestic PTA plants, the basis of PTA has strengthened significantly. Some traders' concentrated replenishment has led to a certain market tightness. The long - short spread of the market has emerged, and there are rumors that mainstream factories are considering canceling warehouse receipts to complete contract supply. The PTA monthly spread has widened significantly. Polyester factories' inventory reduction is close to two weeks, and there has been a round of concentrated replenishment downstream. Polyester inventory has improved. According to the balance sheet calculation, PTA inventory will be significantly reduced in May, and port inventory will continue to decline. If polyester inventory remains strong, PTA inventory may continue to decline in June. With inventory reduction, the possibility of polyester factories reducing production is low [2] Group 3: Summary of Related Data Price and Spread Changes - PTA spot price decreased from 4555 to 4480, a decrease of 75 [2] - MEG internal market price decreased from 4216 to 4190, a decrease of 26 [2] - PTA closing price decreased from 4434 to 4362, a decrease of 72 [2] - MEG closing price decreased from 4155 to 4130, a decrease of 25 [2] - 1.4D direct - spun polyester staple fiber price decreased from 6410 to 6385, a decrease of 25 [2] - Short - fiber basis decreased from 230 to 215, a decrease of 15 [2] - 5 - 6 spread increased from 72 to 74, an increase of 2 [2] - 1.4D direct - spun and imitation large - chemical fiber price difference decreased from 535 to 510, a decrease of 25 [2] - East China water bottle chip price decreased from 5742 to 5716, a decrease of 26 [2] - Hot - filled polyester bottle chip price decreased from 5742 to 5716, a decrease of 26 [2] - Carbonated - grade polyester bottle chip price decreased from 5842 to 5816, a decrease of 26 [2] - Outer - market water bottle chip price decreased from 755 to 750, a decrease of 5 [2] - T32S pure polyester yarn price decreased from 10550 to 10540, a decrease of 10 [2] - Cotton 328 price decreased from 13680 to 13675, a decrease of 5 [2] Cash Flow and Processing Fee Changes - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - Bottle chip spot processing fee increased from 435 to 482, an increase of 46.83 [2] - T32S pure polyester yarn processing fee increased from 4140 to 4155, an increase of 15 [2] - Polyester - cotton yarn profit increased from 2099 to 2118, an increase of 18.46 [2] - Hollow staple fiber 6 - 15D cash flow increased from 408 to 481, an increase of 72.83 [2] Load and Production and Sales Changes - Direct - spun staple fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3] - Polyester staple fiber production and sales increased from 75.00% to 77.00%, an increase of 2.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3] - Regenerated cotton - type load index (weekly) remained unchanged at 50.40% [3]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - Due to the concentrated maintenance of PTA devices and the intensive maintenance of upstream PX devices, the internal - external price difference of PX has been significantly repaired. The load of PX devices has changed with the large - scale maintenance of reforming devices. More domestic PTA and reforming devices are planned to be maintained in May. PTA has weakened significantly, and market sentiment has begun to calm down [2]. - The profits of polyester downstream products are compressed, and the polyester load remains 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 significantly weakened. PTA has entered the de - stocking cycle, with an expected de - stocking amplitude of more than 400,000 tons in the next period, 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 devices has declined. The processing fee of PTA still remains at around 350 yuan and has expanded [2]. - The downstream of polyester may cut production, including FDY, short - fiber, and bottle, all showing production cuts. The downstream load has decreased, and orders have significantly decreased [3]. 3) Summary by Indicators Price and Price Difference Indicators - PTA spot price decreased from 4585 to 4540, a decrease of 45; PTA closing price decreased from 4480 to 4440, a decrease of 40 [2]. - MEG internal - market price increased from 4210 to 4216, an increase of 6; MEG closing price decreased from 4190 to 4187, a decrease of 3 [2]. - 1.4D direct - spinning polyester staple fiber price decreased from 6460 to 6430, a decrease of 30; the price difference between 1.4D direct - spinning and imitation large - chemical fiber decreased from 610 to 555, a decrease of 55 [2]. - Polyester bottle - chip prices in the Jiangsu - Zhejiang market decreased, with the average price down 35 yuan/ton compared to the previous working day. Various types of bottle - chip prices, such as East China water - bottle chips, hot - filling polyester bottle chips, and carbonated - grade polyester bottle chips, all decreased by 48 [2]. - T32S pure polyester yarn price decreased from 10600 to 10570, a decrease of 30; the processing fee remained unchanged at 4140 [2]. - Cotton 328 price decreased from 13875 to 13790, a decrease of 85 [2]. Load and Production and Sales Indicators - Direct - spinning short - fiber load (weekly) increased from 88.90% to 91.30%, an increase of 0.02 [3]. - Polyester staple fiber production and sales decreased from 89.00% to 74.00%, a decrease of 15.00% [3]. - Polyester yarn startup rate (weekly) remained unchanged at 67.00% [3]. - Regenerated cotton - type load index (weekly) remained unchanged at 50.40% [3].

Group 1: Report's Industry Investment Rating - No information provided Group 2: Report's Core View - Due to the concentrated maintenance of PTA plants and the intensive maintenance of upstream PX plants, the internal and 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 to be overhauled in May. The contraction of the domestic PTA and PX supply side has led to a gradual tightening of PTA spot, and there are market rumors that mainstream factories are considering injecting and selling warehouse receipts to complete the supply of contract goods. PTA has become significantly stronger, the monthly spread has widened, and market sentiment has continued to ferment. As the price of PTA rises, the profits of polyester downstream products are compressed, while the polyester load remains at a high level. Recently, the polyester production and sales have continued to improve, the polyester inventory has been significantly reduced, but 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 volume of more than 400,000 tons, and the de - stocking will stop in June. The PTA basis has continued to strengthen, the maintenance of PTA plants has continued to increase, the market liquidity has slightly shrunk due to the maintenance supply, and large - scale traders have a relatively positive buying atmosphere. The downstream of polyester may cut production, including FDY and short - fiber bottle chips [2]. Group 3: Summary According to Related Data Price and Price Difference - PTA spot price increased from 4350 on April 24, 2025, to 4415 on April 25, 2025, with an increase of 65 [2]. - MEG internal - market price decreased from 4221 to 4188, a decrease of 33 [2]. - PTA closing price rose from 4370 to 4400, an increase of 30 [2]. - MEG closing price dropped from 4179 to 4160, a decrease of 19 [2]. - 1.4D direct - spinning polyester short - fiber price increased from 6360 to 6375, an increase of 15 [2]. - Short - fiber basis decreased from 354 to 310, a decrease of 44 [2]. - 5 - 6 spread decreased from 60 to 62, a decrease of 2 [2]. - The price difference between 1.4D direct - spinning and imitation large - chemical fiber increased from 510 to 525, an increase of 15 [2]. - East China water - bottle chip price increased from 5648 to 5710, an increase of 62 [2]. - Hot - filling polyester bottle chip price increased from 5648 to 5710, an increase of 62 [2]. - Carbonated - grade polyester bottle chip price increased from 5748 to 5810, an increase of 62 [2]. - Outer - market water - bottle chip price increased from 745 to 750, an increase of 5 [2]. - T32S pure - polyester yarn price remained unchanged at 10600 [2]. - T32S pure - polyester yarn processing fee decreased from 4240 to 4225, a decrease of 15 [2]. - Polyester - cotton yarn 65/35 45S price remained unchanged at 16550 [2]. - Cotton 328 price increased from 13910 to 13915, an increase of 5 [2]. - Polyester - cotton yarn profit decreased from 2075 to 2064, a decrease of 11.84 [2]. - Primary three - dimensional hollow (with silicon) price remained unchanged at 6890 [2]. - Hollow short - fiber 6 - 15D cash flow decreased from 557 to 512, a decrease of 44.52 [2]. - Primary low - melting - point short - fiber price remained unchanged at 7150 [2]. Processing Fee and Cash Flow - Bottle - chip spot processing fee increased from 515 to 532, an increase of 17.48 [2]. - Polyester short - fiber cash flow increased from 240 to 246, an increase of 6 [2]. Load and Production and Sales - Direct - spinning short - fiber load (weekly) increased from 84.80% to 88.60%, an increase of 0.04 [3]. - Polyester short - fiber production and sales increased from 8.00% to 62.00%, an increase of 70.00% [3]. - Polyester yarn startup rate (weekly) remained unchanged at 66.00% [3]. - Regenerated cotton - type load index (weekly) increased from 37.10% to 43.80%, an increase of 0.07 [3].