According to the statistics of business agency, as of July 30, the DTY of nylon filament in Jiangsu was reported as 20360 yuan / ton, which was the same as the price in the previous two weeks and 700 yuan / ton higher than that at the end of June; The price of nylon POY was reported at 17950 yuan / ton, which was the same as that of the previous two weeks, an increase of 825 yuan / ton compared with the price at the end of June; The price of nylon FDY was reported at 20933 yuan / ton, which was the same as that in the previous two weeks, and increased by 933 yuan / ton compared with the price at the end of June. From the price trend, in early July, the nylon market rose across the board mainly driven by the cost of upstream raw materials; Since mid July, nylon prices have temporarily maintained a high and stable operation, and the upstream and downstream parties are cautious about the future market. Especially since late last decade, the upstream raw material caprolactam has made a narrow correction, the market trend of nylon industrial chain is weak, the manufacturers’ supply is stable, but there is still resistance to shipment, it is difficult to clinch a deal at a high price in the field, the demand of downstream terminal market is flat, the overall market production and sales are slow, and the market atmosphere is strong.
Nylon price chart
Upstream market analysis
The upstream raw material market of nylon is weak, which is slightly weak for the support of nylon market.
Cyclohexanone price chart
Since late July, the raw material cyclohexanone market has continued to decline. Sinopec’s listing price of pure benzene has been reduced by 450 to 8150 yuan / ton. The mentality in the field is empty. In addition, some downstream caprolactam plants have not been restarted and the demand has decreased. Caprolactam first opened the decline channel. The listing price of upstream pure benzene has been reduced by 300 yuan / ton to 8450 yuan / ton twice, and the cost support surface has been narrowed, The supply of on-site goods is expected to increase significantly, the factory offer is deadlocked, and the on-site intended transaction price is also weakening. The supply of cyclohexanone increased and some factories reduced prices. According to the monitoring data of business agency, as of July 23, the average market price of cyclohexanone in China was 10440 yuan / ton.
PA6 price chart
Recently, the domestic market of raw material PA6 continues to be weak, and the spot prices of various brands have been reduced to varying degrees. As of July 26, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 15466.67 yuan / ton. PA6 cost side support is weakened. At present, although the operating rate of PA6 industry remains at a low level, the supply side support remains. However, the demand of end users is difficult to expand, and the resistance to on-site shipment increases. There is little trading in the market and the atmosphere is cold. It is expected that the spot price of PA6 may still weaken in a narrow range in the short term.
Downstream market demand
The price trend of nylon remained basically stable, and the stalemate was dominated. The nylon filament manufacturer’s installation started fairly well, and the spot supply on the site remained sufficient. Although the manufacturer actively shipped, the customers in the downstream terminal field were not very popular. As the customers’ intention to take goods weakened after the price rose, they followed up more on demand, and the overall market just needed to buy was also weak; The market price of nylon cord fabric is strong and high. Although the high viscosity chips in the upstream remain stable, the cost side support is OK. The supply of manufacturers is tight in the early stage, and the supply gradually stabilizes in the near future. The downstream terminal nylon manufacturers just need to follow up. Some manufacturers start low, mainly de stocking, and the overall market remains high; The transaction of nylon staple fiber market is relatively flexible. The upstream conventional spinning chips are adjusted in a narrow range, the cost side does not play a strong role in supporting the staple fiber, the spot supply in the field remains stable, the demand in the downstream core spun yarn field is OK, but the proportion is small, the demand in other fields is general, and the actual transaction in the field has little room for negotiation, and all parties have a strong wait-and-see atmosphere for the future market.
Future forecast
Overall, near the end of the month, the nylon market trend is weak, the upstream raw material market is expected to decline in a narrow range, the cost side support is weakened, the on-site supply remains stable, and the nylon terminal demand has not improved significantly. Most downstream enterprises just need to take goods, the order support is limited, the polarity of taking goods is not high, and the actual trading atmosphere on the site is flat. It is expected that the spot price of nylon may weaken in a narrow range in the short term.
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