Demand Continues To Slump, Nylon Filament Hit A New Low In Recent Two Years

Recently, the price of nylon filament has dropped unstoppable. As of June 18th, the average price of nylon DTY was 17900 yuan / ton, down 933 yuan / ton compared with June 1st, and the average price of nylon FDY was 20100 yuan / ton, down 250 yuan / ton, and the average price of nylon POY price was 15800 yuan / ton, down 620 yuan / ton, the price was low in the past two years. The price of raw materials cyclohexanone dropped 800 yuan / ton, caprolactam fell 467 yuan / ton. Spinning demand weakened, production and marketing confidence was insufficient, and prices continued to weaken.

In terms of cyclohexanone, there is no plan to increase production load in short term installations. However, the demand for chemical fiber market is insufficient and the pressure of shipping is still there. However, the market of crude benzene has been adjusted upward due to the sharp rise of crude oil prices last week. Under the support of cost side, the situation of supply exceeding demand of cyclohexanone will continue, and prices may continue to spread downward.

Terminal demand is not good, caprolactam down to explore the entry point, the East China market liquid spot price reference 11700-11800 yuan / ton acceptance, North spot spot price 11900 yuan / ton, cash outlet.

Since May, the textile market has been step-by-step, the market is not good, orders are shrinking, prices are falling and falling again become the main keynote. The market is going through the cold winter in hot summer. There are two main reasons. First, trump thought that oil prices were too high, that they should reduce international oil prices and support the overall decline. The two reason is that Sino US trade negotiations are uncertain. Market fears have caused manufacturers to be cautious in production, export orders have been affected to a certain extent, and trade partners have shifted.

Business analysts believe that the market as a whole is oversupplied, and that the downstream will have less incentive to buy.