Rising Raw Material Prices Support Nylon Price Rise

According to the price monitoring of business, the price of chemical products has picked up recently due to the rise of crude oil prices. As of July 16th, the average price of nylon DTY was 18233 yuan / ton, up 266 yuan / ton compared with July 1st, the average price of nylon FDY was 19950 yuan / ton, the price dropped 150 yuan / ton, and the average price of nylon POY price was 15740 yuan / ton, up 260 yuan / ton. The price of upstream cyclohexanone was 8200 yuan / ton, up 233 yuan / ton, and the price of caprolactam was 12033 yuan / ton, up 133 yuan / ton. In the past month, WTI crude oil price has risen by 15.17%, leading the price of chemical products to rise, and nylon filament is coming back to the market.

In terms of cyclohexanone, last week, the price of raw benzene increased and the cost was good. The average price of cyclohexanone rose by 233 yuan / ton. The main price of the cyclohexanone factory price is 8300-8500 yuan / ton cash, and the factory spot pressure is not big. In the near future, the amount of cyclohexanone in western Shandong will be exported, and the supply will probably increase slightly.

In terms of caprolactam, raw material prices rose sharply, and downstream loads increased. Sinopec increased the price of caprolactam. Due to more maintenance of caprolactam plant in the early stage, spot supply is tight in the field. Although most factories have been restarted, however, due to partial supply has not yet been recovered, the supply situation is limited. At the same time, with the support of raw materials to warm up, in July 11th, Sinopec raised the July CPL listing price of 300 yuan / ton to 12600 yuan / ton, compared with the June settlement price rose 850 yuan / ton. Downstream PA6 polymerization part of the repair device to restart, the load started to increase slightly, Zhejiang 70 thousand tons of new production, caprolactam demand is acceptable.

The nylon filament Market in Jiangsu ended in a weak period of nearly two months, and the price of filament rose under the rebound of crude oil. Earlier, at the end of June, some businesses had already announced that prices would soon increase, stimulating downstream orders. The early market is relatively light, prices fall or fall, the best situation is to be able to strengthen the offer. Since mid June, crude oil has risen by 15.17%, triggers a rebound in the chemical industry. The warmer market is mainly supported by cost side. Secondly, in September, near the traditional peak season of textile industry, the market went up slowly.

Business analysts believe that the cost of raw materials is affordable, and the nylon market is expected to rise slowly.