Raw Material Declines Slow Down Nylon Filament

According to the statistics of business community, as of April 9th, the DTY of nylon filament in Jiangsu area was reported to be 14200 yuan / ton, down 1367 yuan / ton compared with the beginning of April, down 8.78%, down 33.64% compared with the same period last year. The price of nylon POY was 12240 yuan / ton, down 1280 yuan / ton, or 9.47%, down from 33.69% next year, and the price of nylon FDY was 16000 yuan / ton, down by 750 yuan / ton, or 4.48%, down from last year.

It is reported that OPEC and member states are discussing the implementation of production reduction plan at least in the next 3 months (May -7 months). Under the declining demand, leaders of Saudi Arabia and Russia are ready to negotiate the global large-scale production reduction. Under this stimulation, crude oil hit bottom rebound in April, as of April 9th, WTI crude oil rose 22.51% in April, the highest increase was 27.34% during the period. Crude oil prices rose and chemical products fell. In April, the price of cyclohexanone increased by 0.64%, caprolactam fell by 7.95%, and there was a slight warming. PA6 dropped by 0.64%. Judging from the situation of a substantial reduction in the downstream, nylon raw material inventory has been exhausted, and turnover has increased slightly. However, manufacturers are cautious in purchasing, and the turnover is insufficient.

In April, the polyamide enterprises began to release themselves and belated boldly. Most enterprises adjust their prices to 1000 to 2500 yuan / ton. The raw material inventory was finally digested and began to return to the market. There is a cliff type, one opening is to drop 2000 yuan / ton, also has a long flow of water, 400-600 yuan / ton down the steps, all roads lead to the same goal. The order is not as good as in previous years. The market price is not smooth, indicating that the order can not be shipped, the consumption of raw materials is slow, prices are falling continuously, on the one hand, the cost supports collapse, and on the other hand, there is no demand to support. The global trade flow chain is blocked, and the whole industry has experienced a cold winter, and prices are constantly refreshing the lowest in history.

Crude oil bottomed out, many commodities fell and there were signs of recovery. At the same time, the epidemic was effectively controlled, so that the market saw hope and confidence, and the US and futures contracts rose. Business analysts believe that in the negotiations on the supply of crude oil, the improvement of the epidemic situation has lifted, the commodities have stopped falling and rebounded, but the short-term turnover is still the key.