In recent years, the international crude oil price has dropped sharply. At present, the crude oil price has been hovering between 40-50 US dollars/barrel, so many oil refining enterprises have a good life. It is understood that the profits of some oil refining enterprises have reached 300-600 yuan/ton. The sharp drop in crude oil prices has benefited not only oil refiners, but the entire PFA industry is currently enjoying the "benefits" brought about by the drop in crude oil prices ". The price of crude oil corresponding to PFA particles is now US $60-70/barrel. The price of PFA has risen, while the price of crude oil is still US $40-50/barrel, which leads to a very good life for the PFA particle industry.

However, it is "hard to say" how long the crude oil price will last at 40-50 US dollars per barrel. PFA pellet companies should cherish the current "good days". From the perspective of the industrial chain itself, after the "Golden Nine and Silver Ten", PFA particles will basically not have centralized maintenance, because the current profits are very good,PFA GranulesThe enthusiasm of the enterprise is also very high. In terms of supply, the new production capacity of PFA particles in the fourth quarter was about 3 million tons, of which the new production capacity of PFA reached 2.46 million tons. The pressure on the market from the new capacity in the fourth quarter will be mainly reflected in the PFA.

In terms of demand, the PFA industry is now in the best time for demand, and it is difficult for the latter to surpass the present. The supply of PFA particles will remain high in the future, and the negative cycle may be about to begin, so be cautious about risks. There is demand for short-term energy products, but in the long run, prices will still go up. In fact, the current spot adjustment has begun, downstream procurement is weakening.

The Spring Festival factor is something we are more worried about, the future risk is still relatively large, in the process of rising prices, the inventory of the hedge should still be hedged. It is understood that the current PFA industry using financial derivatives tools to manage price risk atmosphere has become increasingly strong. PFA traders, large and small, in East China will use futures tools to hedge, and the financialization of the PFA industry has been deeply rooted in the hearts of the people.

It is understood that the downstream enterprises of PFA are mainly PFA particle enterprises. The thinking of enterprises is more active, and enterprises will make more active use of futures tools, especially those in East and South China. The use of futures instruments for hedging and asset allocation is evident in the PFA industry. In fact, the emergence of futures instruments is changing the traditional way of trading in the PFA industry. Two or three years ago, the PFA industry was still relatively unfamiliar with the point price, and enterprises even excluded the point price. However, as trading enterprises entered the futures market to maintain their value, the base point price model appeared, thus eliminating the disadvantages of "one product price. The point price model is gaining ground in the PFA industry. PFA enterprises in the southwest are more interested in the point price model.

This article comes from:www.tflpfa.com