Price Of Raw Materials Dropped In The First Half Of The Month, Nylon Filament Price Down (8.1-8.15)

According to the price monitoring of the business community, the price of nylon filament fell in early August in Jiangsu area. As of August 15th, the price of nylon POY in Jiangsu area was 15720 yuan / ton, down 0.51% from the beginning of August, down 26.13% from the same period last year. The price of nylon FDY was 19950 yuan / ton, the price remained stable, 18.57% lower than that of the previous year, and the price of nylon DTY was 18100 yuan / ton, down 0.73% from the beginning of August, down 25.33% from the same period last year.

As early as the beginning of the month, Trump suddenly indicated that he would impose tariffs on China's $300 billion imports in September 1st. The market is concerned about the future trade situation. Crude oil prices are falling, and the prices of bulk materials are generally low. In the first half of the month, cyclohexanone accumulated a decrease of 366 yuan / ton, and caprolactam tour decreased by 983 yuan / ton. Sino US trade disputes or escalation, China's textile exports to the United States were affected by orders, textile orders were frustrated, market turnover was slack, aggregate factories were partially depleted, raw material purchasing enthusiasm was not high and prices were low. Because of lack of market confidence, Sinopec's caprolactam price dropped 200 yuan / ton to 12600 yuan / ton in August.

In the first ten days of August, the price of nylon filament decreased. Manufacturers said that export orders were affected, and domestic orders were smaller. Most manufacturers do not fluctuate in price, and some of them sell down with the price of raw materials. The new round of US tariffs is approaching, but manufacturers are not rushing to lower prices. On the one hand, taking into account the traditional peak season orders or warm-up; secondly, considering the United States undecided, the two sides are still negotiating, after the implementation of the price adjustment is not later; moreover, although the price of raw materials is down, but the demand has the possibility of warming up, to remain unchanged.

From the trend of price fluctuation of cyclohexanone nylon POY, the price of cyclohexanone decreased in the first half of August, and the price in the later period was warmer. Nylon POY had been cut down in the beginning of the month, and the price of follow-up was strong.

Business analysts believe that in July, China and the United States released positive news in the early stage of the consultations. They thought that the nylon filament in August would usher in a wave of rising prices, but could not withstand the shock brought by the US side's sudden change of face. The price of raw materials is changeable. At present, the market direction is unknown, and the price of filament is stable. Manufacturers expect downstream orders to pick up and expect prices to remain stable and seek upward opportunities.