Some People Are Happy And Worried. In March, Polyester Industry Chain Upstream And Downstream "Treatment" Too Much.

Since March, the supply side support of OPEC+ oil producing countries has pushed up oil prices, and the market has seen a surge of sentiment. OPEC has released the signal of continued production cuts and made good progress. The international oil price has been refreshing the new high level since November.

But entering March, raw material PX is difficult to continue to upgrade, polyester raw materials PTA, MEG market is also running weak.

Surprisingly, the polyester filament market has finally seen "improvement", and the volume and price have increased as a whole.

In this month's time, the price operation of the specific products is briefly summarized here.

Crude oil: good stacking, refreshing the new high in April

!

Entering the March, the US crude oil inventories unexpectedly dropped, the OPEC and allied countries' limited production agreements and other global oil supply tensions and other favorable news boosted, the international oil prices climbed steadily. As the market saw the high sentiment and the good fortune, the international oil price once refreshed the April high position.

As of March 22nd, New York crude oil futures in April settled 59.04 yuan / barrel; Brent crude oil futures in May settled 67.03 U.S. dollars / barrel.

PX: the price is going down and the profit space is shrinking obviously.

Although international oil prices have steadily risen, the PX market is unlikely to continue to rise. In early March, the price of PX continued to rise to a high level.

However, the good news is not long. The price of PX is down and down, especially in the middle and late days.

As of 22, Asian PX prices fell sharply to 1029 U.S. dollars / ton FOB Korea and 1048 US dollars / ton CFR China, Europe PX fell to 946 U.S. dollars / ton FOB Rotterdam.

As the price of PX fell in the month, although the performance of PX cash flow in recent stages is acceptable, it still has a downward trend compared with last month.

As of the 22 day, PX cash flow fell sharply to 119 US dollars / ton, still a certain increase compared with the same period last year.

PTA: advance first and then suppress, but profit is greatly improved.

Since the recent stage, the spot price of PTA has been suppressed first, and the price center of the previous market has been dropping all the way, which has been rebounded sharply near the end of the month. By the favorable news of the market, the futures market is still strong in early March, and the PTA spot market is also steadily rising.

But in the middle of the year, the futures market fell down, the spot market was also running weak, the price center of gravity was weak, and the weak market continued to the middle and late days.

As of 22, the market price of the internal market concentrated around 6530-6600 yuan / ton, and the negotiations were around 6450-6530 yuan / ton.

As for profit, PTA manufacturers have increased their profits considerably.

Although the price increase of PTA is not large in the month, but due to the obvious decrease in the price of raw material PX in the month, the profit growth of PTA in the month is more obvious.

As of the 22 day, PTA cash flow rose sharply to 491 yuan / ton, and the room for further rise was larger.

Ethylene glycol: miserable and miserable, both prices and profits suffered heavy losses.

Recently, the market trend of ethylene glycol showed a shock pattern. In the second half of February, the market price center of gravity rebounded, which lasted for nearly ten trading days. But by mid March, the negative pressure was reappearing and the price center of gravity was weak again.

As of 22 days, the spot price of ethylene glycol concentrated near 5000 yuan / ton, a sharp decline of nearly 1900 yuan / ton, a big decline.

At the same time, by the fluctuation of its price center, the cash flow of glycol decreased further. As of the 22 day, the profit margin of ethylene glycol had dropped to 30 US dollars / ton, compared with the previous year, it dropped by nearly 250 US dollars / ton.

Polyester filament: production and sales of more explosive watches, profits further better!

At the beginning of March, stimulated by the cost of upstream raw materials, the mainstream quotations of polyester manufacturers were higher, and the market sentiment of downstream market was higher. Production and sales rebounded to 150-180%, and some of them reached 200%, 350% and 400%.

In the middle of the market, the market returned to the plain again, and it became more and more stalemate, and production and marketing also dropped slightly. But in the middle and last ten days, the cost was boosted, the demand erupted and the market profits were boosted. On the 21 day, the mainstream polyester factories had more buoy operations, and some manufacturers even sold their products to the market. Some of the manufacturers had a record volume of shipments, and the 22 Day rally continued.

Since the recent stage, because of the fluctuation of upstream raw material cost, the profit of polyester manufacturers has been improved, especially in FDY, and the profit margin is larger. POY is also turning around and making profits.

The current FDY150D profit margin is 836 yuan / ton, up nearly 300 yuan / ton from last month, while it rose nearly 100 yuan compared with the same period last year.

POY profit also rose from a slight profit to a good revenue, and the profit of each ton rose sharply to 526 yuan, but still inferior to the same year. The same is true of DTY150D. Compared with last month, the profit space has risen to 456 yuan / ton, but it still has a fall from the same year.

Along with the "gold three" market is coming to an end, polyester industry chain products are both happy and sad.