Nylon Filament Decreased In October Due To Weak Raw Materials

According to the statistics of the business community, the price of nylon raw materials dropped sharply in October, and the manufacturers lowered the price at the end of the month. As of October 30th, Jiangsu nylon filament DTY reported 17833 yuan / ton, compared with the beginning of the month price fell 1.11%, down 28.26% compared with the same period last year; nylon POY price reported 15520 yuan / ton, compared with the beginning of the month price fell 1.02%, down 30.40% compared to the same period; nylon FDY price reported 19467 yuan / ton, down 20.67%.

Crude oil prices dropped sharply in October, and nylon raw materials prices shrank seriously. First, look back at the September market. In September 14th, Saudi Arabia's crude oil installations were attacked by UAVs. Crude oil output and exports were deeply affected in a short time. Oil prices surged rapidly, and domestic crude oil derivatives rose. In late September, the price of cyclohexanone increased 7.42%, caprolactam rose 2.02%, PA6 price rose 2.58%, nylon DTY rose 0.56%, POY rose 1.03%, FDY rose 1.03%.

But then Saudi Arabia claimed that it would quickly resume supply, crude oil lost market concern, oil prices were rapidly cooling down, and nylon raw materials rose to lose support. On the return of the long holiday in October, cyclohexanone went farther and farther on the way down. On the one hand, the crude oil cooling led to the cost of cyclohexanone losing support, and the price dropped down; on the other hand, the price rose earlier, resulting in an increase in downstream production costs, and the willingness to replenishment of raw materials for factory procurement was further weakened. As of October 30th, the price of cyclohexanone was 7900 yuan / ton, the price was lower than the pre inflation stage, which was 2.87% lower than that in early September, and caprolactam fell by 1.38% compared with the beginning of September.

At the end of September, the price of nylon increased with the increase of raw materials, but the order was rather light. Although some caprolactam plants entered the overhaul state in October, the supply was still in excess, and its downstream polyester chips went out of stock. There is no obvious improvement in the sales market of nylon filament. In October, upstream raw material prices continued to decline, nylon manufacturers in the digestion of the previous orders, in the battle of price failure, raw materials fell to a lower position before the rise, nylon is also difficult to escape, by the end of October, some of Jiangsu's Nylon manufacturers lowered the price of 200-400 yuan / ton.

Business analysts believe that in October the upstream raw material prices fell, the demand for nylon orders was relatively general, some manufacturers began to cut prices, but from the nylon price chart of raw materials, cost conduction is relatively slow, and it is expected that prices will remain stable in the near future. China and the United States have made good progress in the negotiations. Although the textile industry has not yet released the obvious good news, the market pays more attention to the follow-up progress of Sino US negotiations, and it may recover somewhat in mid November.