???? 据ICIS网站2月16日新加坡报道 由于产品价格上涨，泰石油全球化工公司（PTTGC）第四季度净利润较去年同期激增至64.1亿泰铢，销售额同比增长3%。
????然而，该公司2020年全年业绩反映出冠状病毒大流行导致的需求普遍疲软，销售额下降20%几乎使其利润付诸东流。
????该公司的息税折旧摊销前利润率从2019年同期的5%上升至2020年第四季度的12%，这得益于烯烃和衍生品业务的强劲利润率。
????在此期间，其烯烃和衍生品业务的调整后息税折旧摊销前利润率为23%，是去年同期10%的两倍多。
????PTTGC在2020年最后三个月的聚乙烯（PE）平均价格同比上涨22%，为1074美元/吨。
????对二甲苯（PX）与凝析油的价差同比下降25%，至191美元/吨，而苯与凝析油的价差则上升28%，至161美元/吨。
????2020年全年，PTTGC的净利润缩减至2亿英镑，原因是冠状病毒大流行期间需求不佳，导致平均产品价格下跌。
????对二甲苯市场受到下游精对苯二甲酸（PTA）和聚酯市场需求减弱的压力。
????下游的聚对苯二甲酸乙二醇酯（PET）提供了一些需求支持，主要用于食品包装和一次性瓶子。
????2020年全年，PTTGC的对二甲苯至凝析油的价差同比下降35%，为229美元/吨。
????王磊 摘译自 ICIS
????原文如下：
????Thailand's PTTGC Q4 net profit surges on strong margins as prices spike
????PTT Global Chemical's (PTTGC) fourth-quarter net profit surged to Thai baht (Bt) 6.41bn from the same period last year on the back of higher product prices, with sales up 3% year on year.
????Its full-year 2020 results, however, reflected a general weakness in demand caused by the coronavirus pandemic, with a 20% decline in sales nearly wiping out its profit.
????The company's EBITDA margin rose to 12% in the fourth quarter of 2020 from 5% in the same period of 2019, supported by strong margins at the olefins and derivatives business.
????Its olefins and derivatives business for the period posted an adjusted EBITDA margin of 23%, more than double 10% registered in the same period a year earlier.
????PTTGC's average polyethylene (PE) prices in the last three months of 2020 were up 22% year on year at $1,074/tonne.
????Its paraxylene (PX) to condensate spread fell by 25% year on year to $191/tonne while its benzene to condensate spread increased by 28% at $161/tonne.
????For the full year of 2020, PTTGC's net profit shrank to Bt200m as average product prices slumped due to poor demand amid the coronavirus pandemic.
????The PX market was under pressure from weaker demand from downstream purified terephthalic acid (PTA) and polyester markets, it said.
????Some demand support was provided by downstream polyethylene terephthalate (PET), mainly for food packaging and single-use bottles.
????For the full-year 2020, PTTGC's PX to condensate spread was down by 35% year on year at $229/tonne.
