Nylon Price Stability, Market Deadlock Operation

According to the statistics of the business agency, the domestic market of nylon was running smoothly last week (August 9-13). As of August 13, DTY of nylon filament in Jiangsu region (excellent products; 70D / 24F) and 20220 yuan / ton; Nylon POY (excellent product; 86d / 24F) and 17775 yuan / ton; The price of nylon FDY (superior product: 40d / 12F) is quoted at 20800 yuan / ton.

Judging from the price trend, since August, nylon manufacturers' quotations have been more stable and wait-and-see situation. The market trend of nylon industry chain is weak, the supply of manufacturers is stable, but there is still resistance to shipment. It is difficult to trade at high prices in the market, the demand of downstream terminal market is flat, the production and sales of the overall market are sluggish, and the wait-and-see atmosphere is strong.

Analysis of upstream raw material Market

Upstream raw material cyclohexanone enterprise quotation more stable wait and see. According to the monitoring data of the business agency, as of August 13, the average price of cyclohexanone in the domestic market was 10220 yuan / ton, which was the same as last week's price.

The domestic market of upstream raw material PA6 was stable last week, and the spot price was stable. As of August 13, the mainstream offer price of CCCC 2.75-2.85 was about 15366.67 yuan / ton, which was flat compared with the average price at the beginning of the month. Compared with the same period last year, the growth rate was 42.72%. In early August, although the upstream support for the cost side of PA6 was weakened, the price of caprolactam was high and the cost pressure of PA6 was high. Meanwhile, domestic chip inventory rose at the end of last month. End users follow up slowly and have a strong wait-and-see attitude. Market atmosphere is weak, long space entangled game, it is expected that the spot price of PA6 in the short term will be stagnant.

Downstream market demand

Since August, the price trend of polyamide fiber has been basically stable, and the operation is mainly stagnant. Although the manufacturers actively ship, the customers in the downstream terminal field are not very enthusiastic. As the customers' intention to take delivery is weakened after the price rise, more follow-up is needed, and the overall market purchasing is also weak; The market price of nylon cord fabric is firm and high. Although the upstream high viscosity chips remain stable, the cost side support is acceptable. The manufacturers are short of supply in the early stage, but the supply is gradually stable in the near future. The downstream terminal nylon manufacturers just need to follow up, and some manufacturers start low and mainly de stock, so the overall market remains high; Nylon staple fiber market transaction is relatively flexible, its upstream conventional spinning chip narrow adjustment, cost side of short fiber support role is not strong, on-site spot supply remains stable, downstream core spun yarn demand is fair, but the proportion is not large, demand in other fields is general, and there is small room for negotiation in the actual transaction, all parties have a strong wait-and-see atmosphere for the future market.

Future forecast

In August, the price trend of nylon market was stable and weak, the upstream raw material market was expected to decline in a narrow range, the supporting role of cost side was weakened, the on-site supply remained stable, the demand for nylon terminal had not improved significantly, most of the downstream enterprises kept normal, just needed to take goods, the order support was limited, the enthusiasm for taking goods was not high, the actual trading atmosphere in the field was flat, and the manufacturers were willing to stand up, But the market mentality is mainly bearish. Business agency analysts expect nylon spot prices to fall in the short term.