Price trend:

Nylon price chart

According to the statistics of business news agency, as of April 14, the price of nylon filament DTY in Jiangsu was 19120 yuan / ton, 560 yuan / ton lower than that in mid March, 200 yuan / ton lower than that in early April; the price of nylon POY was 16750 yuan / ton, 500 yuan / ton lower than that in mid March; the price of nylon FDY was 19400 yuan / ton, 450 yuan / ton lower than that in mid March. From the perspective of price trend, from the middle of March, the price of nylon continued to fall, but the range was not large.

Weak demand and insufficient cost support

After the last round of sharp rise, according to a number of manufacturers, downstream demand for nylon is not high, most downstream enterprises maintain normal just need to take goods, mainly small orders, weak market transactions, sufficient supply of goods on the floor, increased inventory, some manufacturers start to adjust, upstream and downstream parties have a cautious attitude towards the future market.

According to the data of the business club’s block list, the domestic PA6 market in early April fell from a high level. Generally speaking, the current fundamentals of PA6 are bad. Spot prices are mostly down. As of April 12, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 14800 yuan / ton, a decrease of 1.33% compared with the average price at the beginning of the month, and a rise of 42.31% compared with the same period last year.

The price of caprolactam continued to fall, the cost support of PA6 was weakened, and the market continued to decline. At present, the decline of PA6 market has lasted for more than a month. In addition to the weakening of upstream price, another important factor comes from PA6 industry itself. At present, domestic PA6 supply is strong, demand is weak, market transaction power is insufficient, and trading is poor, which is a drag on the focus of offer. Traders and factories began to accumulate inventory, and the high inventory and the drop of spot reduced the profit of polymerization plant. Recently, the profit situation of domestic polymerization plants is not good, and most manufacturers have negative profit situation, which leads to the passive reduction of negative profit of some units. At present, the operating rate of the industry has dropped to 70%, and it is likely to continue to decline.

3、 Future forecast:

The terminal demand has not improved significantly, most downstream enterprises maintain normal just need to take goods, order support is limited; upstream raw material cost support is insufficient, once the raw material cost support collapse, nylon filament is not immune. It is expected that the domestic nylon will be weak and the price will continue to drop slightly.