Orders Weaker Than Previous Nylon Filament 2019 Decline In The First Half Of The Year

According to the price monitoring of business, as of the end of June, Jiangsu nylon filament DTY reported 17966 yuan / ton, compared with the beginning of the year price fell 14.96%, down 16.69% compared to the same period; Jiangsu area nylon POY price reported 15440 yuan / ton, compared with the beginning of the year fell 16.09%, down 26.13% compared to the same period; nylon FDY price reported 20100 yuan / ton, compared with the beginning of the price fell 9.26%, the same ratio fell 17.96%.

In the first half of 2019, 1-4 months, the price of nylon filament was in a slight warming stage, and then the weakness fell. In 2018, trump complained that oil prices were too high, crude oil prices fell sharply, and prices of chemical raw materials were down, and nylon filament prices were frustrated. Subsequently, the OPCE cut production gave oil a renewed confidence and higher oil prices. 2-3 months, the Spring Festival resumed, polyester plant started to increase, cost support is still acceptable, nylon prices upward stage. However, in May, the tariff escalation and trade pattern of China and the United States were not good. The factories indicated that orders for this year were not as big as before, the market was flat, and the price of filament was weak.

From the price chart of cyclohexanone nylon POY, the price of cyclohexanone in the first half of the year is rising and falling. The price of crude oil is limited by OPCE, and the price of cyclohexanone has better support. But Sino US trade has a deeper impact on textiles and lower orders. In the early days, nylon manufacturers went to inventory status, and the price fluctuated little. In May, Sino US trade relations were tense and filament orders went downhill. The price of raw materials is not smooth, and the nylon filament market is dragged down by demand side.

From the price trend of PA6 and nylon POY, the price correlation between them is stronger, and the trend of fluctuation is basically the same. The rise in cyclohexanone did not give PA6 a ride. On the one hand, the output of nylon has increased in recent two years, the market supply is adequate, and the market competition pressure has increased. On the other hand, Sino US tariff increases, the market is empty, the export orders are flagging, the overbought willingness is insufficient, and the turnover is not good.

Before May, nylon showed a slow upward trend, but the twitter president sent the market into an unknown panic. It was tempting to ask the president of the United States when twitter was the price inflection point. Business analysts believe that the downstream of nylon market is short of vitality, and manufacturers generally respond to weak orders this year. Most manufacturers are unable to raise prices. The contradiction between supply and demand is greater than that brought by raw materials.