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瓶片短纤数据日报-20251010
Guo Mao Qi Huo· 2025-10-10 06:26
投资咨询业务资格:证监许可【2012】31号 【一国贸易报 瓶片短纤数据日报 据来自万得资讯。 直纺短纤负荷(周) 93.90% 0. 01 94. 40% 涤纶短纤产销 57.00% 67.00% 10. 00% 涤纱开机率(周) 63. 50% 63. 50% 0. 00 再生棉型负荷指数(周) 51. 50% 51.00% 0. 01 涤纶短纤与纯涤纱价格 涤纶短纤观金流 10000 14000 10000 1800 (器皮) 照日品2251 T325纯海分价格 (探收) 太理念德■ 条短现金流 = 1.4D直线投 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 10000 200 5000 4000 4000 -200 9000 + 3000 2023-01-01 2025-01-01 2021-01-01 2022-01-01 2024-01-01 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 ...
格林大华期货早盘提示:瓶片-20251010
Ge Lin Qi Huo· 2025-10-10 02:39
格林大华期货研究院 证监许可【2011】1288 号 2025 年 10 月 10 日星期五 研究员:吴志桥 从业资格:F3085283 交易咨询资格:Z0019267 Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 重要事项: 本报告中的信息均源于公开资料,格林大华期货研究院对信息的准确性及完备性不作任何保 证,也不保证所包含的信息和建议不会发生任何变更。我们力求报告内容的客观、公正,但 文中的观点、结论和建议仅供参考,报告中的信息和意见并不构成所述期货合约的买卖出价 和征价,投资者据此作出的任何投资决策与本公司和作者无关,格林大华期货有限公司不承 担因根据本报告操作而导致的损失,敬请投资者注意可能存在的交易风险。本报告版权仅为 格林大华期货研究院所有 任何机构和个人不得以任何形式翻版 如引用、转载、刊发,须注明出处为格林大华期货有限公司。 联系方式:15000295386 | 板块 | 品种 | 多(空) | 推荐理由 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | -- ...
瓶片短纤数据日报-20251009
Guo Mao Qi Huo· 2025-10-09 03:44
| | | | 国贸期货研究院 | 投资咨询号:Z0017251 2025/10/9 | | --- | --- | --- | --- | --- | | | | | 能源化工研究中心 陈胜 | 从业资格号:F3066728 | | 指标 | 2025/9/29 | 2025/9/30 | 变动值 | | | PTA现货价格 | 4590 | 4535 | (55.00) | | | MEG内盘价格 | 4295 | 4275 | (20.00) | 现货资讯: | | PTA收盘价 | 4652 | 4594 | (58.00) | 短纤:涤纶短纤主力期货价格跌50至6276。现货 | | MEG收盘价 | 4224 | 4207 | (17.00) | 市场:涤纶短纤生产工厂价格稳定,贸易商价格 | | | | | | 偏弱下滑,下游按需采买,场内成交分化。 | | 1.4D直纺涤短 | 6480 | 6465 | (15.00) | 1.56dtex*38mm半光本白(1.4D)涤纶短纤华东市 | | 短纤基差 | 110 | 129 | 19.00 | 场价格在6250-6550现款现汇含税自提,华 ...
瓶片短纤数据日报-20250930
Guo Mao Qi Huo· 2025-09-30 03:32
投资咨询业务资格:证监许可【2012】31号 【一国贸易报 瓶片短纤数据日报 | | | | | 技资咨询号 | | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | Z0017251 2025/9/30 | | | | | 能源化工研究中心 陈胜 | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/9/26 | 2025/9/29 | 变动值 | | | PTA现货价格 | 4590 | 4590 | 0.00 | | | MEG内盘价格 | 4294 | 4295 | 1.00 | 现货资讯: 短纤:涤纶短纤主力期货价格跌8至6336。现货 | | PTA收盘价 | 4646 | 4652 | 6.00 | 市场:涤纶短纤生产工厂价格稳定,贸易商价格 | | MEG收盘价 | 4213 | 4224 | 11.00 | 横盘震荡,下游按需采买,场内成交有限。 | | 1.4D直纺涤短 | 6495 | 6480 | (15.00) | 1.56dtex*38mm半光本白(1.4D)涤纶短纤华东市 场价格在6300-6550现 ...
瓶片短纤数据日报-20250929
Guo Mao Qi Huo· 2025-09-29 05:38
瓶片短纤数据日报 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 | | | | | 投资咨询号: | | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | Z0017251 2025/9/29 | | | | | 能源化工研究中心 陈胜 | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/9/25 | 2025/9/26 | 变动值 | | | PTA现货价格 | 4585 | 4590 | 5.00 | | | MEG内盘价格 | 4315 | 4294 | (21.00) | 现货资讯: | | PTA收盘价 | 4678 | 4646 | (32.00) | 短纤:现货市场:涤纶短纤生产工厂价格稳定, | | MEG收盘价 | 4246 | 4213 | (33.00) | 贸易商价格区间整理,下游按需采买,场内成交 不振。1.56dtex*3 ...
化工周报:节前补库需求边际改善,关注持续性-20250928
Hua Tai Qi Huo· 2025-09-28 09:44
化工周报 | 2025-09-28 节前补库需求边际改善,关注持续性 核心观点 策略 单边:PX/PTA/PF/PR短期中性,节前下游补库下需求边际好转,关注持续性,中期偏空。PX方面,近期中国PX 负荷陆续恢复至偏高负荷运行,同时国内部分PX装置四季度检修推迟至明年,以及个别装置四季度扩能,PX四季 市场分析 成本端,本周油价反弹,乌克兰对连续对俄罗斯境内发动袭击,受损目标涵盖能源生产、运输及军工制造等关键 领域。欧盟将新增制裁118艘属于"影子油轮船队"的船只。特朗普也威胁对俄加征关税。后续继续关注地缘局势发 展以及国庆期间的OPEC会议。 PX方面,本周中国 PX 开工率86.7%(环比上周+0.5%),亚洲 PX 开工率78%(环比上周-0.3%)。本周国内PX装 置负荷小幅提升,主要来自天津石化检修完毕重启,恒力石化本周末一条重整计划检修,但PX基本无影响。近期 中国PX负荷陆续恢复至偏高负荷运行;后续海外几套装置也有重启计划,开工整体走高,PX四季度检修计划推迟 以及个别装置四季度扩能下PXN依然承压。同时下游PTA工厂在效益大幅压缩后,新装置投产推迟和PTA工厂减产 保价下检修计划增多,一定程度 ...
宏源期货品种策略日报:油脂油料-20250927
Hong Yuan Qi Huo· 2025-09-27 10:51
Report Industry Investment Rating - The report expects PX, PTA, and PR to run strongly, with a view score of 1 for each [2] Core Viewpoints - International crude oil has risen to a seven - week high, and it is predicted that PX, PTA, and PR will run strongly [2] Summary by Related Catalogs Price Information - On September 24, 2025, the futures settlement price of WTI crude oil was $64.99 per barrel, up 2.49% from the previous value; Brent crude oil was $69.31 per barrel, up 2.48% [1] - The spot price of naphtha (CFR Japan) was $606 per ton, up 1.42%; the spot price of xylene (isomeric grade, FOB Korea) was $672 per ton, up 2.05% [1] - The spot price of PX (CFR China Main Port) was $812 per ton, up 0.95%; the closing price of CZCE TA main contract was 4,626 yuan per ton, up 1.54% [1] - The CCFEI price index of PTA inner - market was 4,520 yuan per ton, up 1.16%; the outer - market was $600 per ton, down 1.48% [1] - The closing price of CZCE PX main contract was 6,602 yuan per ton, up 1.10%; the closing price of CZCE PR main contract was 5,784 yuan per ton, up 1.15% [1] - The CCFEI price index of polyester bottle - grade chips was 5,750 yuan per ton, up 0.70%; the CCFEI price index of polyester chips was 5,725 yuan per ton, up 0.26% [2] Supply and Demand and Market Conditions - An 700,000 - ton PX plant in Northeast China has been under maintenance since September 18, expected to last about 45 days [2] - Geopolitical risks have increased, and overnight crude oil rebounded after a short adjustment. The cost - end oil market rebounded slightly, driving up PX cost momentum. However, there are still concerns about the domestic PX fundamentals, and the monthly spread is small [2] - The increase in PX supply due to short - process capacity increase and postponed maintenance is obvious, while the demand for PX has decreased more than expected due to the delay of new PTA plant commissioning and multiple PTA maintenance. The PX profit will remain low in the short term [2] - The cost support for PTA has recovered slightly. The typhoon has affected the operation of a PTA plant in Zhuhai, which is temporarily beneficial to the PTA market. But the end - of - month shipment pressure of production enterprises is large, and the polyester product sales are flat [2] - The polyester bottle - chip market has a warm - oscillating trend in terms of raw materials and futures. The supply - side quotation has risen, but the downstream terminal trading has weakened, and the trading atmosphere is light. Some bottle - chip plants have shut down briefly due to the typhoon, with limited impact on market supply [2] Production and Sales and Operating Rates - On September 24, 2025, the operating rate of the PX in the polyester industry chain was 85.57%, unchanged; the PTA plant load rate was 78.12%, down 1.26 percentage points; the polyester plant load rate was 87.73%, down 1.27 percentage points [1] - The sales rate of polyester filament was 80.65%, up 41.74 percentage points; the sales rate of polyester staple fiber was 67.04%, up 18.96 percentage points; the sales rate of polyester chips was 143.48%, up 85.45 percentage points [1]
瓶片短纤数据日报-20250926
Guo Mao Qi Huo· 2025-09-26 03:58
| | | | | 投资咨询号 | | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | Z0017251 2025/9/26 | | | | | 能源化工研究中心 陈胜 | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/9/24 | 2025/9/25 | 变动值 | | | PTA现货价格 | 4525 | 4585 | 60.00 | | | MEG内盘价格 | 4301 | 4315 | 14. 00 | 现货资讯: | | | | | | 短纤:涤纶短纤涨100至6372。现货市场:涤纶 | | PTA收盘价 | 4626 | 4678 | 52. 00 | 短纤生产工厂价格僵持,贸易商价格偏暖,下游 | | MEG收盘价 | 4234 | 4246 | 12. 00 | 按需补货,华南成交放量,其他成交一般。 | | | | | | 1.56dtex*38mm半光本白(1.4D)涤纶短纤华东市 | | 1.4D直纺涤短 | 6460 | 6500 | 40. 00 | 场价格在6300-6550现款现汇含税自提,华 ...
万凯新材20250924
2025-09-26 02:29
万凯新材 20250924 摘要 全球聚酯瓶片需求过去十年复合增速约 7.4%,2015-2022 年增长显著, 下游应用集中于软饮料和食用油,大客户包括可口可乐、农夫山泉和金 龙鱼。2024 年因农夫山泉等企业新基地投产,需求突发性集中释放, 增速约 14%。 中国聚酯瓶片出口量大,2015-2024 年复合增长率达 13.4%。2022 年受俄乌冲突影响,对俄罗斯出口增加,出口增速高达 30%。2025 年 上半年出口增速约 15%,出口是行业重要组成部分。 2021-2024 年为国内聚酯瓶片产能释放期,2025 年后无新增产能投放。 在全球需求稳健增长约 7%的背景下,2026 年起供给端不再扩张,行业 供需格局有望改善。 万凯新材海外布局旨在抢占东南亚和非洲市场,并应对反倾销压力。尼 日利亚项目预计 2026 年投产,印尼项目预计 2027 年投产,海外基地 盈利能力预计高于国内工厂。 2025 年上半年瓶片行业出现向上拐点,万凯新材一、二季度利润转正。 行业集中度提升,CR4 接近 80%,亿盛为全球最大瓶片生产商,万凯 国内排名第四。 Q&A 万凯新材的主营业务及其产能布局情况如何? 万凯新材的 ...
宏源期货PX&PTA&PR早评-20250926
Hong Yuan Qi Huo· 2025-09-26 01:49
Report Industry Investment Rating - No information provided in the given text Core View of the Report - The report predicts that PX, PTA, and PR will operate in a volatile manner in the short - term [2] Summary by Relevant Catalogs Price Information - **Upstream**: On September 25, 2025, WTI crude oil futures settlement price was $64.98 per barrel, down 0.02% from the previous value; Brent crude oil futures settlement price was $69.42 per barrel, up 0.16%. Naphtha spot price (CFR Japan) was $608.50 per ton, up 0.41%. The spot price of isomeric xylene (FOB South Korea) was $676.00 per ton, up 0.52%. The spot price of p - xylene (PX) CFR China Main Port was $817.00 per ton, up 0.57% [1] - **PTA**: On September 25, 2025, the closing price of CZCE TA's main contract was 4,678 yuan per ton, up 1.12%; the settlement price was 4,658 yuan per ton, up 1.30%. The closing price of the near - month contract was 4,640 yuan per ton, up 1.18%; the settlement price was 4,630 yuan per ton, up 1.58%. The domestic PTA spot price was 4,597 yuan per ton, up 0.81%. The CCFEI price index of domestic PTA was 4,585 yuan per ton, up 1.44%; the external price index was $609.00 per ton, up 1.50% [1] - **PX**: On September 25, 2025, the closing price of CZCE PX's main contract was 6,674 yuan per ton, up 1.09%; the settlement price was 6,640 yuan per ton, up 1.10%. The closing price of the near - month contract was 6,678 yuan per ton, up 0.69%; the settlement price was 6,470 yuan per ton, down 2.03%. The domestic PX spot price remained unchanged at 6,382 yuan per ton. The spot price (CFR China Taiwan) was $813.00 per ton, up 1.12%; the spot price (FOB South Korea) was $796.00 per ton, up 1.02%. The PXN spread was $208.50 per ton, up 1.05%; the PX - MX spread was $141.00 per ton, up 0.84% [1] - **PR**: On September 25, 2025, the closing price of CZCE PR's main contract was 5,840 yuan per ton, up 0.97%; the settlement price was 5,816 yuan per ton, up 1.04%. The closing price of the near - month contract was 5,874 yuan per ton, up 1.31%; the settlement price was 5,856 yuan per ton, up 1.00%. The mainstream market price of polyester bottle chips in the East China market was 5,790 yuan per ton, up 0.70%; in the South China market, it was 5,870 yuan per ton, up 0.69% [1] - **Downstream**: On September 25, 2025, the CCFEI price index of polyester DTY was 8,475 yuan per ton, down 0.59%; the price index of polyester POY was 6,850 yuan per ton, down 0.72%; the price index of polyester FDY68D was 6,950 yuan per ton, down 1.42%; the price index of polyester FDY150D was 6,850 yuan per ton, down 1.44%; the price index of polyester staple fiber was 6,425 yuan per ton, up 0.23%; the price index of polyester chips was 5,755 yuan per ton, up 0.52%; the price index of bottle - grade chips was 5,790 yuan per ton, up 0.70% [2] Device Information - A 7 - million - ton PX plant in the Northeast has been under maintenance since September 18, with an expected maintenance period of about 45 days [2] Market Analysis - **PX**: Geopolitical and sanctions around Russia are the main factors driving international crude oil prices. The expected pressure of supply glut has not been reflected in the market, and oil prices were stagnant during the Asian session. The CFR China price of PX on September 25 was $817 per ton, and international oil prices continued to rise due to the decline in US crude oil inventories. The domestic PX operating load was stable, and the demand side was waiting for the implementation of the expected changes in PTA plants. The cost support led to a slight price recovery. The PX2511 contract closed at 6,674 yuan per ton (up 1.61%), with a trading volume of 185,500 lots. The increase in PX supply due to the increase in short - process production at home and abroad and the postponement of some plant maintenance was obvious, while the demand for PX decreased more than expected due to the delay of new PTA plant commissioning and multiple PTA plant maintenance. The supply - demand situation did not change significantly, and the PX profit would remain low in the short term [2] - **PTA**: The cost support slightly recovered, and the TA2601 contract closed at 4,678 yuan per ton (up 1.74%), with a trading volume of 701,000 lots. The sales of polyester filament on Wednesday evening were around 149% and 175% on Thursday, which was positive for the PTA market. The cost support was strengthened, and there was a strong expectation of PTA plant maintenance due to low processing fees. The leading polyester factories adjusted the production rhythm to stabilize market supply, but the production enterprises faced great pressure to sell at the end of the month. The new orders of weaving enterprises improved, and the shipment speed of grey cloth continued to improve, but the overall inventory pressure in the grey cloth market still existed, leading to the lack of confidence of downstream enterprises in the future market. As the National Day holiday approached, the sentiment in the downstream market was clearly divided, and some enterprises expected the market to improve after the holiday [2] - **PR**: The mainstream negotiation price of polyester bottle chips in the Jiangsu - Zhejiang market was 5,800 - 5,900 yuan per ton, up 55 yuan per ton from the previous trading day. The prices of PTA and bottle - chip futures rose, and the supply - side quotation of bottle chips mainly increased, but the purchasing enthusiasm of downstream terminals was not high, and the trading atmosphere was light. The PR2511 contract closed at 5,840 yuan per ton (up 1.46%), with a trading volume of 28,600 lots. The operating rate of the bottle - chip industry was expected to gradually recover, and the market supply of goods was relatively abundant. The purchasing intention of downstream terminals was not high, and the market trading atmosphere was light [2] Production and Sales and Operating Conditions - **Operating Conditions**: On September 25, 2025, the operating rate of the PX in the polyester industry chain was 85.57%, unchanged from the previous value; the load rate of PTA plants in the PTA industry chain was 78.12%, unchanged; the load rate of polyester plants was 87.81%, up 0.08 percentage points; the load rate of bottle - chip plants was 69.37%, up 0.27 percentage points; the load rate of Jiangsu - Zhejiang looms was 69.19%, up 1.64 percentage points [1] - **Production and Sales**: On September 25, 2025, the sales rate of polyester filament was 175.16%, up 94.51 percentage points from the previous value; the sales rate of polyester staple fiber was 88.58%, up 21.54 percentage points; the sales rate of polyester chips was 152.51%, up 9.03 percentage points [1]