Raw Materials Continue To Slump, Nylon Filament Has Nearly 3 Years Low

According to the statistics of business associations, the price of nylon was lower in early November. As of November 15th, Jiangsu nylon filament DTY reported 17400 yuan / ton, compared with the beginning of the month price fell 2.43%, down 28.28% compared with the same period last year; nylon POY price reported 15060 yuan / ton, compared with the beginning of the month price fell 2.33%, down 30.40% compared with the same period last year, a new low 3 years; nylon FDY price reported 19300 yuan / ton, compared with the beginning of the month fell 0.86%, down 20.61% compared to the same period.

In the first half of November, the prices of raw materials in the upstream of nylon were generally down. Due to poor market, the domestic manufacturers of cyclohexanone lowered the price, making it clear that the offer is not strong. The purchasing demand of the downstream solvent is low, and the intention tends to be near the low end. The supply of goods is generally low and the optimism is not enough. Caprolactam liquid East China market mainstream mainstream single negotiable price market continues to weaken, caprolactam business quotation depression, market discussion center of gravity is low. The market needs to buy mainly, and the market atmosphere is light. Domestic PA6 spot supply is expanding, downstream industry performance decline, weak demand. The order of nylon filament manufacturers did not get much warmer. Raw material inventory was low. With the reduction of raw material prices, the factory price of filaments fell generally, some manufacturers' orders were slightly better, and their external quotations were strong, but the actual transaction was favorable, and the nylon price was dominated by cost.

According to the latest statistics of the General Administration of Customs of China, in October 2019, the export volume of textiles and clothing was 22 billion 868 million US dollars, down 6.74%, down 1.67% from the same period last year. Exports of clothing (including clothing and accessories) were $12 billion 712 million 900 thousand, down 5.92% from the same period last year. In 2019 1-10, the total export volume of textiles and clothing in China was 224 billion 815 million US dollars, down 2.64% from the same period last year. The total export volume of textiles was 99 billion 310 million 300 thousand US dollars, up 0.33% over the same period last year. The total export volume of garments was 125 billion 504 million 700 thousand US dollars, down 4.86% from the same period last year. Tranp said he would not cancel tariffs imposed on China, and the market expressed concern about whether China and the United States could sign the agreement.

Nylon POY and upstream raw materials price chart shows that nylon prices and raw materials are relatively high, raw material prices are insufficient, and nylon orders are not hot enough to make manufacturers very expensive. Market performance is sluggish, manufacturers are not willing to buy raw materials too much, and quotations are cut down with raw materials.

Business analysts believe that the overall market situation of the nylon industry chain is relatively low, and trump has been tough, and the situation of domestic textile exports to the US is blocked. Short time is hard to break through. Raw material supply is ample.