Weak Demand, Nylon Price Stable This Week

According to statistics from the business agency, as of July 16, DTY of nylon filament in Jiangsu was reported at 20360 yuan / ton, which was the same as last week's price, and 700 yuan / ton higher than that at the end of June; The price of nylon POY was 17950 yuan / ton, which was the same as that of last week and increased by 825 yuan / ton compared with the price at the end of June; The price of nylon FDY was 20933 yuan / ton, which was the same as that of last week and increased by 933 yuan / ton compared with the price at the end of June. Judging from the price trend, the current nylon price is at a high level. In early July, the nylon market saw its first rise. Driven by the upstream raw material cost, the nylon market rose all the way. This week, the nylon price was stable, and the upstream and downstream parties were cautious about the future market.

Upstream market analysis

The cost of the upstream raw material cyclohexanone is weakening, and the demand is just weak, and the market price falls down after rising. According to the monitoring data of the business agency, as of July 15, the average price of cyclohexanone in the domestic market was 10580 yuan / ton, down from last week's price. The overall construction started to maintain a low level, and the downstream demand was light.

At the beginning of July, the market trend of raw material PA6 was positive, and the spot price generally increased. As of July 15, the mainstream offer price of 2.75-2.85 of the sample enterprises was about 15000 yuan / ton, which was 2.97% higher than the average price at the beginning of the month and 23.29% higher than the same period last year. At present, the overall operating rate of domestic PA6 polymerization plant is about 60%, and the supply side is favorable for conventional spinning and slicing products. Among them, 80% of nylon filament load is relatively high, and the benefit is not obvious. The raw material caprolactam strengthened at the beginning of the month, and the cost support of PA6 was strengthened, and the price rose upstream. However, the acceptance of high price goods by downstream nylon is not good, and the market trading is still dominated by contracts. Terminal factory purchase operation is cautious, just need to replenish as soon as you use. On the whole, the current PA6 market is short, and it is expected that the spot price of PA6 will be stagnant in the near future.

Downstream market demand

The demand of nylon downstream terminal field is still flat, taking goods on demand, and some customers have made up their positions at a low price in the early stage, and their enthusiasm for taking goods is not good; In addition, the terminal field is still in the traditional off-season, and the prices of polyester, spandex and nylon filament have been rising in recent years, and downstream customers have expressed great pressure and are struggling with cash flow, so they dare not prepare more goods. The overall market continued to buy just need, all parties hold a cautious wait-and-see attitude towards the future market.

According to a number of nylon manufacturers, the downstream demand for nylon is not high, most of the downstream enterprises keep normal, just need to take goods, basically with small orders, the market transaction is weak, basically in the situation of price without market, the supply of goods in the field is sufficient, the inventory is increased, some manufacturers start to adjust accordingly, the upstream and downstream parties hold a cautious attitude towards the future market.

Future forecast

Nylon terminal demand has not been significantly improved, most downstream enterprises keep normal, just need to take goods, order support is limited; However, the cost support is strong. This week, the nylon price is stable, the market demand is weak, and the manufacturers are willing to support the price. With the price of upstream raw materials falling, the nylon market is expected to decline in the short term.