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    Nylon Industry Has Yet To Get Rid Of The Trend Of Falling.

    2014/11/27 16:11:00 15

    Raw MaterialsNylon Filament EnterprisesFiber Enterprises

    Enter November, with

    Raw material

    The market price of caprolactam declined, and the confidence of the terminal market was slightly stabilized.

    In the past month, the price of nylon slicing fell by only 200 yuan / ton to 300 yuan / ton, narrowing compared with 500 yuan / ton to 600 yuan / ton last month.

    Nylon filament enterprise

    Low maintenance rate has been maintained, and there is not much room for profit. The main conventional civilian filament FDY, POY and DTY fell 200 yuan / ton to 500 yuan / ton a month, which is not much different from that of last month.

    After 3 months of decline, it is a question mark whether the nylon market can be stabilized or stabilized.

    Although the nylon market has begun to show signs of slowing down, there are still a lot of negative factors from a few major points.

    Judging from raw materials, crude oil prices have gone down in recent months. WTI crude oil has dropped further from US $80 / barrel last month to US $75 / barrel, bringing pressure on global chemical products.

    The price of benzene at home and abroad has shifted down, and domestic prices have gone down from 8000 yuan / ton in the same period last year to 7200 yuan / ton.

    As the source product of caprolactam, the price of crude oil and benzene is so low that the future of caprolactam market has become confusing.

    From the actual trend this month, the trend of caprolactam has eased somewhat, mainly in Haili and three Ning factories. The market supply and demand has been greatly improved, supporting low end prices at 15000 yuan / ton to 15500 yuan / ton, but the price of high-end Sinopec is still relatively low, and the market quotation has been further reduced to 15600 yuan / ton.

    Looking forward to next month, once a few factories are overhauled, whether the price trend of caprolactam can continue to fall down in the face of low raw materials, whether the nylon industry has enough cost support will face the market test.

    Nylon chips and

    Fiber enterprise

    After the low price of raw materials, most of the business profits have been picked up, and the deficit has been narrowed. Therefore, the operating rate has been rising, and the new plant is also actively starting production and increasing market supply.

    Among them, the nylon chip industry has a recent operating rate of 76%, and the market confidence remains stable. However, the 200 thousand tons of Jiangsu Yong Tong and Hong Shengxin materials have been put into production in small quantities, and the overall market supply will increase.

    Fiber, along with the low price of raw materials, filament, elastic wire, cord fabric and other sub sectors of the products are not large, and most of them can maintain a small profit margin. Therefore, the market confidence is relatively stable at present, and the overall operating rate can reach 66%, which is 65% better than that of last month.

    Some new factories such as Hua Ding nylon 50 thousand tons project and Xin Sen synthetic fiber 30 thousand ton project have been put into production one after another, increasing market supply.

    In terms of trend, the trend of further warming in nylon chips and fiber industry is not too clear, especially in terms of fiber. In December, the demand was mostly cautious because of the tight fund of customers.

    In addition, fiber enterprises have experienced a continuous loss in 5~9 months and are afraid to further increase their output.

    However, judging from the new projects and the profitability of enterprises, the overall output is expected to be at a recent high level.

    From the perspective of market demand, due to the sluggish market demand in October, the demand is relatively low. With the slowing down of raw materials this month, the market demand has been relatively improved. The mainstream slicing manufacturers have been selling smoothly, and nylon fiber enterprises have taken a relatively normal volume. The inventory control in the slicing industry is at a low level of 5 days.

    The overall inventory of nylon fiber industry has dropped from 31 days to 29 days, but the capital problem of terminal market is still unsolved. The arrears are still dominated by 2~3 months, and manufacturers are still cautious about future sales prospects.

    Overall, with the cooling of the global economic situation, China's economic situation will be further adjusted and downgraded next year. The low growth of textile market may still be normal, and the demand for nylon industry will be suppressed for a long time.

    On the whole, raw material prices have slowed down this month and market demand has stabilized temporarily. These support the trend of nylon industry since November, showing a slight decline and narrowing of the trend.

    However, the author believes that when the market has not stopped completely, the market price of raw materials and nylon will also undergo a test with the end of the formal market of the raw material market next month.

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