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瓶片短纤数据日报-20260302
Guo Mao Qi Huo· 2026-03-02 06:57
瓶片短纤数据日报 投资咨询业务资格:证监许可【2012】31号 【一国贸易报 治紧张局势可能带来短期能源价格波动风险。 直纺短纤负荷(周) 89. 90% 84. 13% -5.77% 片利润扩张,短纤利润预计扩张。以上数扩 涤纶短纤产销 47.00% 46. 00% 93.00% 万得资讯。 涤纱开机率(周) 70. 00% 70. 32% 0. 32% 再生棉型负荷指数(周) 55. 44% 54. 81% -0. 63% 涤纶短纤与纯涤纱价格 涤纶短纤现金流 14000 10000 10000 1800 (器块) 照日品(左轴) t T325年演出 (探偵) 太原始術 条短现金流 ·1.4D直统余短 9000 13000 9000 1400 8000 8000 12000 1000 7000 7000 6000 11000 6000 5000 10000 200 5000 4000 4000 -200 9000 + 3000 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 2026-01-01 2021-01-01 2022-01-01 20 ...
瓶片短纤数据日报-20260209
Guo Mao Qi Huo· 2026-02-09 03:53
Group 1: Report Information - The report is the daily data report of bottle chips and staple fibers by Guomao Futures Research Institute, dated February 9, 2026 [1][2] Group 2: Price and Index Changes - PTA spot price decreased from 5100 to 5085, a decrease of 15 [2] - MEG domestic price decreased from 3649 to 3630, a decrease of 19 [2] - PTA closing price increased from 5144 to 5166, an increase of 22 [2] - MEG closing price decreased from 3745 to 3743, a decrease of 2 [2] - 1.4D direct - spun polyester staple fiber price increased from 6525 to 6535, an increase of 10 [2] - Staple fiber basis increased from 38 to 39, an increase of 1 [2] - 3 - 4 spread remained unchanged at - 80 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - 1.4D imitation large - chemical fiber price remained unchanged at 5300 [2] - The price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 1225 to 1235, an increase of 10 [2] - East China water bottle chip price increased from 6196 to 6247, an increase of 51 [2] - Hot - filled polyester bottle chip price increased from 6196 to 6247, an increase of 51 [2] - Carbonated - grade polyester bottle chip price increased from 6296 to 6347, an increase of 51 [2] - Outer - market water bottle chip price remained unchanged at 835 [2] - Bottle chip spot processing fee increased from 613 to 683, an increase of 70 [2] - T32S pure polyester yarn price remained unchanged at 10700 [2] - T32S pure polyester yarn processing fee decreased from 4175 to 4165, a decrease of 10 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16800 [2] - Cotton 328 price decreased from 15640 to 15615, a decrease of 25 [2] - Polyester - cotton yarn profit increased from 1562 to 1565, an increase of 3 [2] - Primary three - dimensional hollow (with silicon) price decreased from 7300 to 7290, a decrease of 10 [2] - Hollow staple fiber 6 - 15D cash flow increased from 517 to 526 [2] - Primary low - melting - point staple fiber price remained unchanged at 7895 [2] Group 3: Market Conditions - Short fiber: The short - fiber main futures fell 16 to 6578. The price of polyester staple fiber production factories fluctuated slightly, the price of traders declined, downstream sporadic purchases were made, and the on - site transactions were few. The price of 1.56dtex*38mm semi - bright natural white (1.4D) polyester staple fiber in the East China market was 6370 - 6700 cash on the spot, tax - included self - pick - up; in the North China market, it was 6490 - 6820 cash on the spot, tax - included delivery; in the Fujian market, it was 6470 - 6750 cash on the spot, tax - included delivery [2] - Bottle chips: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 6210 - 6320 yuan/ton, with the average price remaining the same as the previous working day. The futures prices of PTA and bottle chips fluctuated slightly, the cost - side support was average, most of the supply - side offers remained, the market spot supply was tight, the downstream terminal demand was mainly for rigid needs, and the market negotiation focus was temporarily stable [2] Group 4: Industry Analysis - The commodity market declined significantly. PX maintained fundamental resilience during the high - level correction. Due to the Iranian geopolitical risk, the risk of crude oil prices still existed. The downstream PTA industry continued to be strong. The domestic PTA output in January was expected to reach a new high, and there was no plan to reduce production during the Spring Festival. With no new PTA production capacity throughout the year, the existing devices would operate at full capacity to match the growth of polyester demand, providing a solid demand background for PX. The PX supply side was still tight. The South Korean TDP device increased its load, and a PX factory in the Middle East was scheduled to shut down before February, with limited global effective production capacity release. The PX - mixed xylene toluene price difference remained at about 150 US dollars. In terms of the profit structure, although the PX - naphtha price difference fell to 335 US dollars/ton, it was still at a healthy level. Domestic PTA maintained high - level operation, domestic demand declined, and the production reduction of polyester factories had a limited negative feedback on PTA. The profit of bottle chips expanded, and the profit of short fibers declined [2] Group 5: Operating Rate and Sales - The direct - spun staple fiber load (weekly) increased from 86.77% to 88.84%, an increase of 2.07% [3] - The polyester staple fiber production and sales rate increased from 46.00% to 52.00%, an increase of 6.00% [3] - The polyester yarn startup rate (weekly) increased from 70.00% to 70.32%, an increase of 0.32% [3] - The recycled cotton - type load index (weekly) decreased from 54.81% to 55.44%, a decrease of 0.63% [3]
瓶片短纤数据日报-20260114
Guo Mao Qi Huo· 2026-01-14 02:57
Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View - The PX market has experienced a rapid increase, driven mainly by speculative funds rather than fundamental changes. The futures market dominates price discovery, creating an "irrational boom" with self - reinforcing trends. Despite concerns about bubbles, the PX fundamentals are supported, and the market is expected to remain tight in 2026. The PX - naphtha spread has widened to $360, and the PX - mixed xylene spread has reached $155, improving aromatics extraction economics. The PX market is at a critical juncture between speculative sentiment and fundamental tension. Domestic PTA maintains high - level operations, benefiting from stable domestic demand and the resumption of exports to India since the end of November. The high gasoline spread supports aromatics, and new polyester installations keep polyester load and PTA consumption high, with increasing inventory willingness and strengthening basis. Although domestic polyester demand weakens seasonally, polyester factory production cuts are insufficient to form a negative feedback [2] Group 3: Summary by Indicators Price and Spread Indicators - PTA spot price decreased from 5100 on 2026/1/12 to 5060 on 2026/1/13, a decline of 40 [2] - MEG inner - market price dropped from 3734 on 2026/1/12 to 3686 on 2026/1/13, a decrease of 48 [2] - PTA closing price fell from 5142 to 5140, a decline of 2 [2] - MEG closing price decreased by 65, from 3880 to 3815 [2] - 1.4D direct - spinning polyester staple fiber price remained unchanged at 6520 [2] - Short - fiber basis decreased from 38 to 34, a drop of 4 [2] - The 2 - 3 spread increased from 18 to 16, an increase of 2 [2] - 1.4D imitation large - fiber price decreased from 5275 to 5250, a decline of 25 [2] - The price difference between 1.4D direct - spinning and imitation large - fiber increased from 1245 to 1270, an increase of 25 [2] - East - China water - bottle chip price decreased from 6125 to 6097, a decline of 28 [2] - Hot - filling polyester bottle chip price decreased from 6125 to 6097, a decline of 28 [2] - Carbonated - grade polyester bottle chip price decreased from 6225 to 6197, a decline of 28 [2] - Outer - market water - bottle chip price remained unchanged at 810 [2] - T32S pure polyester yarn price remained unchanged at 10600 [2] - T32S pure polyester yarn processing fee remained unchanged at 4080 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16600 [2] - Cotton 328 price increased from 15365 to 15610, an increase of 245 [2] - Polyester - cotton yarn profit decreased from 1469 to 1377, a decline of 93 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7210 [2] - Primary low - melting - point short - fiber price remained unchanged at 7775 [2] Cash Flow and Processing Fee Indicators - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - Bottle - chip spot processing fee increased from 514 to 536, an increase of 22 [2] - Hollow short - fiber 6 - 15D cash flow increased from 399 to 449, an increase of 50 [2] Market and Production Indicators - Direct - spinning short - fiber load (weekly) increased from 86.77% to 88.84%, an increase of 2.07 percentage points [3] - Polyester staple fiber production and sales decreased from 87.00% to 80.00%, a decline of 7.00 percentage points [3] - Polyester yarn startup rate (weekly) remained unchanged at 66.00% [3] - Recycled cotton - type load index (weekly) remained unchanged at 51.10% [3] Market Conditions - Short - fiber: The short - fiber main - contract futures decreased by 24 to 6506. In the spot market, polyester staple fiber production factory prices were stable, while trader prices slightly declined. Downstream buyers purchased on - demand, and on - site transactions were limited. The price of 1.56dtex*38mm semi - bright natural - white (1.4D) polyester staple fiber in the East - China market was 6380 - 6650 yuan for cash - on - delivery, tax - included self - pick - up; in the North - China market, it was 6500 - 6770 yuan for cash - on - delivery, tax - included delivery; and in the Fujian market, it was 6440 - 6630 yuan for cash - on - delivery, tax - included delivery [2] - Bottle - chip: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 6100 - 6180 yuan/ton, with the average price increasing by 10 yuan/ton compared to the previous working day. PTA and bottle - chip futures fluctuated upward. The cost - side support was strong. Most supply - side quotes remained stable, with local supplies being slightly tight. The low - end price center shifted slightly upward. The overall market trading atmosphere was light, and the market negotiation center shifted slightly upward [2]
瓶片短纤数据日报-20251226
Guo Mao Qi Huo· 2025-12-26 02:31
Group 1: Report Industry Investment Rating - No relevant information found Group 2: Core Viewpoints of the Report - Gasoline crack spreads are declining, but PX prices are strong, supporting the PX - naphtha spread. Despite no significant fundamental changes, PTA units maintain high - load operation, and PX consumption remains stable. Korean manufacturers plan to cut STDP operation and shut down relevant units in the second half of December due to the widened PX - mixed xylene spread. PX costs are high while PTA profits are under pressure, but integrated enterprises' economic benefits improve. New polyester installations keep the polyester load high, increasing PTA consumption and market inventory intention, and strengthening the basis. Although domestic demand is seasonally weak, polyester factories have low inventories and low willingness to cut production, and the cancellation of India's BIS certification may drive export growth [2] Group 3: Summary by Related Catalogs Price and Market Conditions - PTA spot price increased from 5015 to 5050, MEG inner - market price rose from 3573 to 3653, and PTA closing price went up from 5094 to 5152. The price of 1.4D direct - spun polyester staple fiber increased from 6550 to 6575. Polyester bottle - chip prices in the Jiangsu and Zhejiang markets rose, with the average price up 30 yuan/ton. Cotton 328 price increased from 14910 to 15000 [2] Market Transaction - In the short - fiber market, downstream purchasing is cautious, and the market is mainly bought by futures - spot traders with scarce transactions. In the bottle - chip market, the trading atmosphere is cautious, and downstream terminals are on the sidelines [2] Industry Operation Indicators - The direct - spun short - fiber load increased from 88.37% to 89.32%, and the polyester short - fiber production and sales rate decreased from 80.00% to 56.00%. The polyester yarn startup rate and the recycled cotton - type load index remained unchanged [2][3] Profit and Cost - The polyester short - fiber cash flow increased from 240 to 246, the bottle - chip spot processing fee decreased from 527 to 469, the T32S pure - polyester yarn processing fee decreased from 3800 to 3775, and the polyester - cotton yarn profit decreased from 1321 to 1271. The cash flow of 6 - 15D hollow short - fiber decreased from 465 to 408 [2]
瓶片短纤数据日报-20251121
Guo Mao Qi Huo· 2025-11-21 06:14
Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints - Recently, the PX market has rebounded due to multiple factors. Despite the end of some planned maintenance and the gradual recovery of production capacity, PX output is still limited, driven by two key factors: the soaring gasoline profit margin, which prompts refineries to reduce raw material input in aromatic units and increase gasoline production, and the drop in benzene prices to a near three - year low, leading refineries to lower the load of reforming and STDP units to limit benzene output and thus PX supply [2] - PTA supply has slightly shrunk, polyester operation remains stable with a load of over 90%, and domestic polyester exports are still optimistic. Although the "Golden September and Silver October" period has ended, downstream weaving has performed well, and export demand may improve. The costs of bottle chips and short fibers follow these trends [2] Group 3: Summary of Related Data Price Data - PTA spot price increased from 4610 to 4630, a change of 20; MEG inner - market price decreased from 3919 to 3885, a change of - 34; PTA closing price decreased from 4712 to 4696, a change of - 16; MEG closing price decreased from 3903 to 3822, a change of - 81 [2] - 1.4D direct - spun polyester staple fiber price remained at 6370; short - fiber basis decreased from 128 to 110, a change of - 18; 12 - 1 spread decreased from 48 to 50, a change of - 2; polyester staple fiber cash flow increased from 240 to 246, a change of 6 [2] - 1.4D imitation large - denier fiber price remained at 5400; the price difference between 1.4D direct - spun and imitation large - denier fiber remained at 970; East China water bottle chip price decreased from 5758 to 5716, a change of - 42; hot - filled polyester bottle chip price decreased from 5758 to 5716, a change of - 42; carbonated - grade polyester bottle chip price decreased from 5858 to 5816, a change of - 42; outer - market water bottle chip price remained at 760; bottle - chip spot processing fee decreased from 504 to 456, a change of - 48 [2] - T32S pure polyester yarn price remained at 10300; T32S pure polyester yarn processing fee remained at 3930; polyester - cotton yarn 65/35 45S price remained at 16300; cotton 328 price increased from 14320 to 14340, a change of 20; polyester - cotton yarn profit decreased from 1664 to 1656, a change of - 8 [2] - Primary three - dimensional hollow (with silicon) price increased from 7020 to 7035, a change of 15; hollow short - fiber 6 - 15D cash flow increased from 566 to 575, a change of 9; primary low - melting - point short fiber price remained at 7480 [2] Operating Rate and Sales Data - Direct - spun short - fiber load (weekly) increased from 88.37% to 89.32%, a change of 0.95%; polyester staple fiber sales decreased from 65.00% to 35.00%, a change of - 30.00%; polyester yarn startup rate (weekly) remained at 66.00%; recycled cotton - type load index (weekly) remained at 51.10% [3]
瓶片短纤数据日报-20251113
Guo Mao Qi Huo· 2025-11-13 03:00
Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - Gasoline profit and low benzene prices are jointly supporting PX. The gasoline crack spread has risen above $15, prompting refineries to prioritize gasoline production and reduce feedstock for aromatics units. PTA processing fees have been compressed to below 200. Industry profits are still constrained by over - capacity due to new plant commissions. Despite the end of the "Golden September and Silver October," export demand may improve under the easing of the Sino - US trade war. The current peak season for downstream weaving is expected to last until November. Attention should be paid to whether a reduction in Sino - US tariffs can further stimulate domestic exports. Bottle chips and short fibers follow cost trends [2] Group 3: Summary by Related Catalogs 1. Price and Index Changes - PTA spot price remained unchanged at 4600 yuan on November 11 and 12, 2025. MEG inner - market price decreased from 3981 yuan to 3961 yuan. PTA closing price increased from 4648 yuan to 4670 yuan, and MEG closing price rose from 3875 yuan to 3891 yuan. 1.4D direct - spun polyester staple fiber price increased from 6365 yuan to 6382 yuan, and short - fiber basis decreased from 123 yuan to 118 yuan. The 12 - 1 spread decreased from 56 yuan to 44 yuan. Polyester staple fiber cash flow increased from 240 yuan to 246 yuan. The price of 1.4D imitation large - chemical fiber remained unchanged at 5400 yuan. The price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 965 yuan to 985 yuan. The price of East China water - bottle chips decreased from 5712 yuan to 5709 yuan. The price of hot - filled polyester bottle chips decreased from 5712 yuan to 5709 yuan. The price of carbonated - grade polyester bottle chips decreased from 5812 yuan to 2806 yuan. The outer - market water - bottle chip price remained unchanged at 760 yuan. Bottle - chip spot processing fee increased from 445 yuan to 449 yuan. T32S pure - polyester yarn price remained unchanged at 10310 yuan. T32S pure - polyester yarn processing fee decreased from 3945 yuan to 3925 yuan. The price of polyester - cotton yarn 65/35 45S remained unchanged at 16300 yuan. The price of cotton 328 decreased from 14445 yuan to 14395 yuan. Polyester - cotton yarn profit increased from 1620 yuan to 1625 yuan. The price of primary three - dimensional hollow (with silicon) remained unchanged at 7020 yuan. The cash flow of hollow short fiber 6 - 15D increased from 553 yuan to 560 yuan. The price of primary low - melting - point short fiber remained unchanged at 7480 yuan [2] 2. Market Conditions - Short - fiber market: The main futures of polyester staple fiber fell 28 to 6242. The prices of polyester staple fiber production plants were stable, and the prices of traders were sorted out. Downstream buyers purchased on demand, and on - site transactions were cautious. The price of 1.56dtex*38mm semi - glossy natural white (1.4D) polyester staple fiber in the East China market was 6160 - 6460 yuan for cash - on - delivery, tax - included self - pick - up. In the North China market, it was 6280 - 6580 yuan for cash - on - delivery, tax - included delivery. In the Fujian market, it was 6180 - 6400 yuan for cash - on - delivery, tax - included delivery. Bottle - chip market: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 5700 - 5800 yuan/ton, with the average price down 15 yuan/ton from the previous working day. PTA and bottle - chip futures fluctuated weakly. The supply - side offers were stable or falling. The market trading atmosphere was light, and downstream terminals mainly had rigid - demand orders. The bottle - chip price decreased slightly [2] 3. Load and Production - Sales Rates - The direct - spun short - fiber load (weekly) decreased from 85.63% to 85.14%. The polyester staple fiber production - sales rate increased from 37.00% to 38.00%. The polyester yarn startup rate (weekly) remained unchanged at 63.50%. The recycled cotton - type load index (weekly) increased from 51.00% to 51.50% [3]
瓶片短纤数据日报-20251110
Guo Mao Qi Huo· 2025-11-10 07:03
Industry Investment Rating - No relevant information provided Core Viewpoints - Gasoline profit and low benzene prices jointly support PX. The gasoline crack spread has risen above $15, prompting refineries to prioritize gasoline production and reduce feedstock for aromatics units. The processing fee of PTA has been compressed to less than 200 again. Industry profits are still constrained by overcapacity due to new plant commissions. Although the peak seasons of "Golden September and Silver October" are over, export demand may improve under the background of the easing of the Sino - US trade war. The downstream weaving has performed well recently, and the current peak season is expected to last until November. It is necessary to pay attention to whether the reduction of Sino - US tariffs can further stimulate domestic exports. Bottle chips and staple fibers follow the cost [2] Summary by Related Indicators Spot Price Changes - PTA spot price increased from 4540 to 4575, up 35 [2] - MEG internal price increased from 3972 to 4013, up 41 [2] - PTA closing price decreased from 4688 to 4664, down 24 [2] - MEG closing price increased from 3924 to 3942, up 18 [2] - 1.4D direct - spun polyester staple fiber price increased from 6380 to 6415, up 35 [2] - Short - fiber basis decreased from 135 to 122, down 13 [2] - 12 - 1 spread decreased from 34 to 38, down 4 [2] - Polyester staple fiber cash flow increased from 240 to 246, up 6 [2] - 1.4D imitation large - chemical fiber price remained unchanged at 5400 [2] - The price difference between 1.4D direct - spun and imitation large - chemical fiber increased from 980 to 1015, up 35 [2] - East China water bottle chip price decreased from 5700 to 5698, down 2 [2] - Hot - filled polyester bottle chip price decreased from 5700 to 5698, down 2 [2] - Carbonated - grade polyester bottle chip price decreased from 5800 to 5798, down 2 [2] - Outer - market water bottle chip price remained unchanged at 760 [2] - Bottle chip spot processing fee decreased from 488 to 442, down 45.66 [2] - T32S pure polyester yarn price remained unchanged at 10310 [2] - T32S pure polyester yarn processing fee decreased from 3930 to 3865, down 35 [2] - Polyester - cotton yarn 65/35 45S price remained unchanged at 16300 [2] - Cotton 328 price decreased from 14490 to 14465, down 25 [2] - Polyester - cotton yarn profit decreased from 1593 to 1579, down 13.75 [2] - Primary three - dimensional hollow (with silicon) price remained unchanged at 7020 [2] - Hollow staple fiber 6 - 15D cash flow decreased from 608 to 564, down 43.66 [2] - Primary low - melting - point staple fiber price remained unchanged at 7480 [2] Operating Rate and Sales Rate - Direct - spun staple fiber load (weekly) increased from 93.90% to 94.40%, up 0.01 [3] - Polyester staple fiber sales rate decreased from 86.00% to 48.00%, down 38.00% [3] - Polyester yarn startup rate (weekly) remained unchanged at 63.50% [3] - Regenerated cotton - type load index (weekly) increased from 51.00% to 51.50%, up 0.01 [3]
瓶片短纤数据日报-20251107
Guo Mao Qi Huo· 2025-11-07 07:19
Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - Gasoline profit and low benzene price support PX. Gasoline crack spreads rising above $15 encourage refineries to prioritize gasoline production and reduce aromatics unit feedstock. PTA processing fees are compressed to below 200. Industry profits are still affected by over - capacity due to new plant commissioning. Despite the end of the peak seasons, export demand may improve with the easing of the Sino - US trade war. The current peak season is expected to last until November. Attention should be paid to whether the reduction of Sino - US tariffs can further stimulate domestic exports. Bottle chip and staple fiber costs follow these trends [2] Group 3: Summary by Related Catalog Price and Index Changes - PTA spot price increased from 4505 to 4540, PTA closing price rose from 4600 to 4688 [2] - MEG inner - market price decreased from 3974 to 3972, MEG closing price increased from 3914 to 3924 [2] - 1.4D direct - spun polyester staple fiber price increased from 6365 to 6380, short - fiber basis decreased from 140 to 135 [2] - Polyester bottle chip prices in the Jiangsu and Zhejiang markets increased, with the average price rising by 20 yuan/ton [2] - T32S pure - polyester yarn price decreased from 10320 to 10310, T32S pure - polyester yarn processing fee decreased from 3955 to 3930 [2] - Cotton 328 price increased from 14450 to 14490 [2] Market Conditions - In the staple - fiber market, the main futures of polyester staple fiber rose 70 to 6244. Factory prices decreased, trader prices had weak upward momentum, and downstream sentiment was cautious with limited transactions [2] - In the bottle - chip market, PTA and bottle - chip futures showed a warm - side shock. Market trading sentiment was cautious, and downstream terminals made cautious purchases. Cost pushed up bottle - chip prices [2] Production and Sales and Operating Rates - Direct - spun staple - fiber load (weekly) increased from 93.90% to 94.40%, polyester staple - fiber production and sales increased from 38.00% to 48.00% [3] - Polyester yarn operating rate (weekly) remained at 63.50%, recycled cotton - type load index (weekly) increased from 51.00% to 51.50% [3]
加工费有继续修复空间 短纤或继续保持震荡格局
Jin Tou Wang· 2025-10-10 07:14
Core Viewpoint - The short fiber futures market is experiencing a weak fluctuation, with the main contract showing a decline of 1.50% as of the latest update, indicating a bearish sentiment in the market [1][2]. Group 1: Market Performance - As of October 10, the main short fiber futures contract reached a low of 6176.00 yuan and is currently priced at 6180.00 yuan, reflecting a drop of 1.50% [1]. - The trading range for direct-spun polyester short fiber is maintained between 6300 to 6550 yuan, with limited inventory increase during the holiday period [2]. Group 2: Institutional Insights - New Lake Futures suggests that the absolute price of short fiber will follow cost trends, with a stable factory quotation and a sales average of 67% [2]. - Donghai Futures indicates that the short fiber market will continue to follow the polyester sector's adjustments, with limited upward potential due to seasonal order increases being modest [3].
瓶片短纤数据日报-20250911
Guo Mao Qi Huo· 2025-09-11 09:49
Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints - OPEC+ plans to increase production, leading to a significant drop in crude oil prices. Domestic PTA plants are gradually resuming operations, resulting in a rise in PTA production and a rapid decline in PTA basis. The spread between PX and naphtha remains stable. With the recent improvement in sales and inventory reduction, especially the significant reduction in filament inventory, downstream profits have been significantly restored, and the operating load of polyester has rebounded to 91%. However, due to the decline in crude oil prices and the weakening of the basis, PTA has shown weak performance [2] Group 3: Summary of Related Catalogs Price Changes - PTA spot price increased from 4605 to 4625, a change of 20.00; PTA closing price rose from 4678 to 4698, a change of 20.00 [2] - MEG domestic price decreased from 4454 to 4439, a change of -15.00; MEG closing price dropped from 4322 to 4319, a change of -3.00 [2] - 1.4D direct-spun polyester staple fiber price increased from 6535 to 6540, a change of 5.00; short fiber basis decreased from 82 to 65, a change of -17.00 [2] - 10 - 11 spread decreased from 17 to 14, a change of -3.00; polyester staple fiber cash flow increased from 240 to 246, a change of 6.00 [2] - 1.4D imitation large chemical fiber price remained unchanged at 5700; the price difference between 1.4D direct-spun and imitation large chemical fiber increased from 835 to 840, a change of 5.00 [2] - East China water bottle chip price decreased from 5868 to 5856, a change of -9.00; hot-filled polyester bottle chip price dropped from 5887 to 5859, a change of -28.00 [2] - Carbonated polyester bottle chip price decreased from 5987 to 6966, a change of -28.00; foreign water bottle chip price increased from 765 to 766, a change of 1.00 [2] - Bottle chip spot processing fee decreased from 439 to 418, a change of -21.08; T32S pure polyester yarn price remained unchanged at 10300 [2] - T32S pure polyester yarn processing fee decreased from 3765 to 3760, a change of -5.00; polyester-cotton yarn 65/35 45S price remained unchanged at 16300 [2] - Cotton 328 price decreased from 14980 to 14955, a change of -25.00; polyester-cotton yarn profit increased from 1305 to 1311, a change of 6.13 [2] - Virgin three-dimensional hollow (with silicon) price remained unchanged at 7110; hollow staple fiber 6 - 15D cash flow decreased from 481 to 469, a change of -12.08 [2] - Virgin low-melting staple fiber price remained unchanged at 7450 [2] Load and Production and Sales - Direct-spun staple fiber load (weekly) increased from 90.60% to 91.10%, a change of 0.01 [3] - Polyester staple fiber production and sales increased from 45.00% to 54.00%, a change of 9.00% [3] - Polyester yarn startup rate (weekly) increased from 62.00% to 62.80%, a change of 0.01 [3] - Recycled cotton-type load index (weekly) increased from 49.00% to 49.50%, a change of 0.01 [3]