Raw Materials Can Not Support Nylon Filament Price Drop

According to the statistics of the business agency, as of July 14, the price of nylon filament DTY in Jiangsu was 15500 yuan / ton, which was 600 yuan / ton lower than that on July 1, with a decrease of 3.73% and a year-on-year decrease of 14.68%; the price of polyamide POY was 13200 yuan / ton, with a decrease of 460 yuan / ton, a decrease of 3.37%, and a year-on-year decrease of 15.92%; the price of nylon FDY was 16400 yuan / ton, with a decrease of 350 yuan / ton, a decrease of 2.09% and a year-on-year decrease of 17.92% .79%。 Demand for orders is very common, the price of raw materials is generally down, and the price of nylon filament is lower.

Crude oil rose slowly. As of July 13, WTI crude oil was at $40.12/barrel, with an amplitude of 4.15% in early July, lower than 11.44% in the same period in June. Crude oil has risen from $20 in mid April to $40 at present, thanks to the efforts of major crude oil producing countries to reduce production. But the good was basically squeezed dry. Under the influence of the epidemic situation, crude oil began to show the trend of weaving machine in June, with twists and turns, and the increase was limited. In addition, according to market news, OPEC + is about to relax the scale of production reduction. Saudi Arabia proposes to reduce the scale of production reduction from 9.7 million B / D to 7.7 million B / D in August. It is reported that OPEC + countries may make a final decision on this issue on July 15, with increasing pressure on crude oil.

As the textile market is in the off-season, the problem of inventory pressure appears. The downstream procurement slowed down, and the support provided by crude oil was limited. Overall market poor goods, short-term short-term market, general profit to inventory. The supply of cyclohexanone is abundant, so is the downstream caprolactam. The market for polymerization and filament has entered a weak period, and some factories have slightly reduced the negative pressure. On July 7, Sinopec caprolactam was listed at 10400 yuan / ton this week, down 400 yuan / ton. There was no significant difference between the two groups. As of July 14, cyclohexanone, caprolactam and PA6 fell 6.94%, 6.09% and 4.10%, respectively.

According to business agency analysts, the form of export is not optimistic, the domestic market capacity is limited, and in the context of globalization, internal digestion has been discounted compared with previous years. And summer is the traditional off-season, de inventory operation is the majority, the price is lower. But some people think that September and October reflect the next year's orders, the end of the year may usher in a turnaround, short-term nylon filament weak operation.