原油价格下跌已经直接导致 PTA、MEG的下跌，PTA和MEG价格已分

Crude oil prices have led directly to the PTA, MEG fell, PTA and MEG prices have fallen by about 500 yuan / ton, respectively, polyester fiber prices has also been a corresponding decline; overall decline in prices has resulted in company stock decline in value of the current filament product loss due to filament downstream textile enterprises return to work slowly, so more companies filament inventory, there are currently around 20,000 tons. <br>1. Company 1 - One of PTA and MEG corresponding futures hedging February, PTA / MEG short sale options of the company since February profit of more than RMB 30M. <br>2. The company polyester staple fiber production capacity of 30,000 tons / month, while in February the company after cost estimates, at a price of 6300 yuan / ton signed a sales contract 80,000 tons per year, equal to the February-April production of staple fiber are locked sold at a price, the current prices of their staple fiber sector is positive, staple fiber sector profitability will increase, mentioned futures hedging earnings before adding, can form filaments make up for the loss plate.

The drop in crude oil prices has directly led to the fall of PTA, MEG, PTA and MEG prices have fallen by about 500 yuan / ton, polyester fiber prices have also fallen accordingly;<br>1. The company in January-February both PTA and MEG corresponding futures hedging, PTA/MEG short options so that the company's February-to-date profit of more than RMB 30M.<br>2. At present, the company polyester short fiber production capacity of 30000 tons / month, and in February the company after cost estimates, to 6300 yuan / ton price signed 80,000 tons of sales contract, equal to its 2-4 months of short fiber capacity are sold at a locked price, the current price decline for its short fiber plate for the benefit of the short fiber plate will increase, plus the previous article mentioned in the futures hedging income, can make up for the loss of the long-term silk plate.

The decline of crude oil price has directly led to the decline of PTA and MEG, the price of PTA and MEG has dropped about 500 yuan / ton respectively, and the price of polyester fiber has also dropped correspondingly; the overall market price drop has caused the current inventory decline loss of the company's filament products. Due to the slow resumption of the downstream weaving enterprises, the company's filament inventory is large, at present about 20000 tons.<br>1. The company hedged PTA and MEG futures in January to February. The short selling option of PTA / MEG has made the company's profit more than RMB 30m since February.<br>2. At present, the company's polyester staple fiber production capacity is 30000 tons / month, and in February, the company signed a sales contract of 800000 tons at a price of 6300 yuan / ton, which is equal to that its staple fiber production capacity from February to April is sold at a fixed price. At present, the price drop is good for its staple fiber sector, and the profit of the staple fiber sector will increase. In addition, the futures hedging income mentioned above can damage the filament sector Make up for the loss.