Since March, the supply side support brought by the OPEC+ oil-producing countries has pushed up the oil price, and the market has seen a lot of sentiment. OPEC has released its signal of continued production reduction, which is good for stacking. The international oil price has successively updated the new high since November last year. However, in March, the raw material PX is difficult to continue, and the polyester raw materials PTA and MEG market are also weak. Unexpectedly, the polyester filament market has finally seen “uplighting”, and the overall volume and price have risen.

In this month's time, the specific price of each product is running, here we briefly combo!

Crude oil: good for stacking, refreshing more than four months high!

In March, due to the unexpected drop in US crude oil inventories, OPEC and the allies' limited production agreements have boosted the good news of crude oil supply, and the international oil price has steadily increased. As the market sees more sentiment, it is good to pile up, and the international oil price has been refreshed. More than April high. As of March 22, New York crude oil futures settlement was 59.04 yuan / barrel; Brent crude oil futures settlement was 67.03 US dollars / barrel.

PX: The price is falling, and the profit margin shrinks obviously!

Although the international oil price has risen steadily, the PX market has not been able to continue its upward trend. At the beginning of March, the PX price center continued its previous gains and went to a higher level. However, the good times did not last long, the PX price center of gravity fell under pressure, and the line fell back, especially in the middle and late tense prices. As of the 22nd, Asian PX prices fell sharply to $1,029/ton FOB Korea and $1,048/ton CFR China, and European PX fell to $946/ton FOB Rotterdam.

Due to the fall in the price of PX in the month, although the PX cash flow performance in the near stage is acceptable, it is still lower than last month. As of the 22nd, PX cash flow dropped sharply to 119 US dollars / ton, a certain year-on-year increase.

PTA: After the first promotion, the profit is greatly improved!

Since the recent stage, the spot market of PTA has been suppressed first, and the price of the previous market has been declining. It has rebounded sharply near the end of the month. Thanks to the positive news from the market, the cargo surface is still strong in the early March, and the PTA spot market is driven by this. It is also steadily rising. However, in the middle of the year, the futures face fell, the spot market was also weak, and the price center was weak and weak; the weak market continued into the middle and late. As of the 22nd, the intraday market price was concentrated at around 6530-6600 yuan / ton, and the transaction talks were around 6450-6530 yuan / ton.

As for the profit, the profitability of PTA manufacturers has increased significantly. Although the PTA price increase was not large during the month, the profit growth of PTA during the month was more obvious due to the significant decline in the price of raw material PX during the month. As of the 22nd, PTA cash flow rose sharply to 491 yuan / ton;

Ethylene glycol: miserable, both prices and profits suffered a setback!

Recently, the ethylene glycol market has shown a turbulent pattern of rising and then rising. During the middle and late February, the market price center has rebounded and continued to rise for nearly ten trading days. However, by mid-March, the negative pressure reappeared and the price center of gravity Reappearance is weak. As of the 22nd, the spot price of ethylene glycol was concentrated around 5,000 yuan / ton; the year-on-year sharp decline of nearly 1,900 yuan / ton, a large decline. At the same time, due to the fluctuation of its own price center of gravity, ethylene glycol cash flow has further declined. As of the 22nd, the ethylene glycol profit margin has dropped to 30 US dollars / ton; the year-on-year decline is nearly 250 US dollars / ton.

Polyester filament: There are many explosions in production and sales, and the profit is further improved!

At the beginning of March, stimulated by the upstream raw material cost, the mainstream price of polyester filament manufacturers was higher, and the downstream market was higher. The production and sales rebounded to around 150-180%, and some of them better reached 200%, 350% and 400%. . During the mid-term period, the market returned to a dull, more stalemate operation, production and sales also fell slightly; but in the middle and late, due to cost boost, demand explosion and market positive, 21 mainstream polyester filament manufacturers have more upswing operations, and some manufacturers even sealed Reluctant to sell, the transaction suddenly emerged in a hot situation, some manufacturers shipped a record, the 22-day rally continued.

Since the recent stage, due to fluctuations in the cost of upstream raw materials, the profits of polyester manufacturers have improved, especially FDY, which has a large profit margin; POY is also turning losses into profits, and performs well. The current profit margin of FDY150D is 836 yuan / ton, up nearly 300 yuan / ton from the previous month, while the year-on-year increase of nearly 100 yuan. The profit of POY also rose from a slight profit to a very good revenue. The profit per ton climbed to around 526 yuan, but it was still inferior to the same period of last year. The same is true for DTY150D. Compared with the previous month, the profit margin has increased to 456 yuan. / ton, but still fall back year on year.

With the "Golden Three" market gradually coming to an end, the polyester industry chain products are happy and sad! In this wave of ups and downs, the big market, is there a expectation for "Silver IV" or "Red May"?

Hai'an County Qinfeng Chemical Fiber Co., Ltd.  relies on the professional power of single flow, the front-end quality inspection system and perfect quality inspection system ranks among the high-quality enterprise queues in the industry, specializing in the production of polypropylene staple fiber, polypropylene staple fiber, polyester staple fiber and flame retardant polypropylene. Fiber, etc.