Nylon Filament Price Goes Down In July
According to the statistics of the business agency, as of July 30, the price of nylon filament DTY in Jiangsu was 15366 yuan / ton, down 734 yuan / ton, 4.55%, 15.72% year-on-year; the price of nylon POY was 13080 yuan / ton, 580 yuan / ton, 4.25%, 17.22% year-on-year; the price of nylon FDY was 16150 yuan / ton, 600 yuan / ton, 3.58% and 19.05% year-on-year %。
Although the support of pure benzene is strong, the output and inventory of chemical fiber have decreased, and the downstream procurement has slowed down. The market is short-term bearish, generally let the profit to inventory. The supply of cyclohexanone is abundant, polymerization and filament enter the weak period of market, some factories reduce the negative slightly, and the overall supply is surplus. In July, the price of cyclohexanone fell by 592 yuan / ton, by 9.66%, by 834 yuan / ton, by 8.01%, and by 1234 yuan / ton, by 10.11%.
In July, the textile market was in the traditional off-season, and under the influence of this year's epidemic situation, the chemical fiber export had a significant decline. From January to may 2020, China's chemical fiber output will be 22.94 million tons, a year-on-year decrease of 3.16%. From January to may, China's chemical fiber export was 1.6661 million tons, a year-on-year decrease of 16.90%, and the export value was 2.67 billion US dollars, a year-on-year decrease of 28.08%. In July, the ex factory quotation of nylon manufacturers fell again, and the supply of raw materials was sufficient. The enterprises purchased cautiously and on bargain. In the face of weak orders, low price stimulation was the main factor, and preferential policies were auxiliary for shipment. Nylon and filament market support is not strong.
Business agency analysts believe that in the past few months, chemical fiber market production and export data, domestic and foreign sales have varying degrees of decline. Nylon fiber industry is expected to continue to improve in August due to pressure.
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