Polyester industry chain is faced with serious challenges by Covid-19

Affected by the epidemic, all industrial chains are facing different degrees of difficulties.A few days ago, interviews with a number of enterprises, polyester industry chain is going through the last few years the coldest "winter", difficult to return to work, logistics, inventory backlog, capital turnover inconvenience and other difficulties, are constantly "pressure" on enterprises.

In February, the overall inventory of PTA industry was overstocked as high as one million tons, and most enterprises were facing difficulties in production and operation.However, companies that use derivatives for risk management are relatively optimistic.Xu jien, deputy general manager of yisheng petrochemical PTA sales center, said that during the epidemic period, the enterprises using futures hedging, basically solved the problem of the sales end, but also effectively resolved the risk of high inventory." The company USES derivatives for risk management and effectively solves risks such as inventory accumulation, cost rise and basis fluctuation by selling hedging, hedging of processing fees and arbitrage.