Raw Material Price Falls, Nylon Filament Stays Normal

According to the statistics of business associations, the price of nylon filament was basically stable in early October. As of October 15th, Jiangsu nylon filament DTY reported 18033 yuan / ton, down 28.83% compared with the same period last year. The price of nylon POY in Jiangsu area was 15680 yuan / ton, down 31.35% compared with the same period last year, and the price of nylon FDY was 19700 yuan / ton, down 22.75% from the same period last year.

Domestic long holiday returns, the market of cyclohexanone is declining, and the external information is empty. On the other hand, due to the inventory and delivery pressure, the mainstream factories continue to reduce their quotations. However, the lower price of caprolactam suppressed the purchase of chemical fiber orders, and some caprolactam factories purchased large orders, and the price stabilized. The domestic caprolactam market continues to be weak, with insufficient cost support. The downstream polymerization plant delivers goods at a low price, and the market transaction is more rigid. Although the transaction is improved, the price pressure is transmitted upward.

From the perspective of the textile industry, China's textile exports were less than in September. According to the latest statistics of the General Administration of Customs of China, in September 2019, the export volume of textiles and clothing was 24 billion 520 million US dollars, a decrease of 4.64% compared to the same period, a decrease of 7.85% over the same period last year. Among them, textile exports amounted to US $9 billion 764 million 600 thousand, a year-on-year decrease of 7.88%, and clothing exports amounted to US $14 billion 755 million, a decrease of 7.83% over the same period last year.

In the first half of October, the prices of nylon filament manufacturers were basically stable and the price adjustment intention was not strong. In late September, due to emergencies, the sharp rise in crude oil price led to a counter attack on the high price of chemical products. But good times are not long, crude oil prices fall, nylon filament raw materials back to low prices. Without support, the price of filament is naturally difficult to rise. Before that, the price of raw materials rose sharply, and some filament manufacturers slightly increased their prices. However, due to inventory and order reasons, the prices of most manufacturers were basically stable. Upstream raw materials are roller coasters, nylon manufacturers at ease.

Business analysts believe that the upstream raw materials would like to take advantage of Dongfeng to revive prices, but the downstream is not in a hurry to purchase. The order purchase and the low price raw material inventory are double protected. Upstream prices such as roller coaster and filament price are like crossing the lake. In the face of sluggish orders and falling raw material prices, it is expected that nylon will not find an opportunity to rise in the short term and the price will stabilize.