Chemical fiber "pain period" break the "three consecutive questions"

It can be seen that in recent years, with the improvement of industrial concentration, large polyester enterprises have shown greater advantages in financing, policy research, personnel allocation and other aspects, and large polyester enterprises have more in-depth cooperation with investment research institutions and futures companies, and the use of options has also shown comparative advantages. When the overall prosperity of the industry declines, the relative advantage of large enterprises will be more obvious.

In view of the current predicament, the best choice for enterprises is to appropriately reduce the insured price, actively shrink the supply, and maintain low inventory of products. On the one hand, reduce the inventory pressure and ensure the cash flow of enterprises; On the other hand, reduce loss pressure. In terms of raw materials, you can consider using financial derivatives such as futures or over-the-counter options to hedge exposure risks and do a good job in risk management of sharp fluctuations in raw material prices.

"Getting through the pain requires subtraction." Wu Wenhai admitted that chemical fiber enterprises should reduce projects or business investments that cannot generate cash flow in the short term, improve inventory turnover, and reduce the amount of working capital occupied by inventory. He said: "Enterprises can use the futures warehouse receipt business to activate the amount of capital, and actively hedge the risk of product price fluctuations by using financial derivatives such as futures and options in daily operations. Make a reasonable hedging plan, maintain the value of product inventory, strengthen risk control, and stabilize the production profits of enterprises."

In the view of the interviewees, the "pain" of the chemical fiber industry may be alleviated in the traditional peak season, but really out of the need to see the macro stabilization. When residents' employment and income grow steadily, their willingness to consume rises, and the industry enters a new round of business cycle, it will walk out of the haze and usher in the dawn.