This week (November 15-19), the domestic nylon market was weak and prices continued to fall. As of November 19, the price of nylon DTY (high-quality product; 70D/24F) in Jiangsu is 20,420 yuan/ton, which is about 275 yuan/ton lower than last week’s price, a decrease of 1.33%; nylon POY (high-quality product; 86D/24F) ) is quoted at 18,100 yuan/ton, down 200 yuan/ton from last week, or 1.07%; nylon FDY (high-quality product: 40D/12F) is quoted at 21,900 yuan/ton, down 375 yuan/ton from last week, with a drop of 1.07%. is 1.65%.
From the perspective of price trends, the domestic nylon market has continued to be high and rising since September. Prices continued to rise in mid-to-early October, and prices tended to stabilize in late October. Entering November, domestic nylon prices continued to decline. The lower cost of upstream raw materials is the main reason for this market trend. In addition, the demand side has not improved significantly, which has a greater impact on the nylon industry.
Upstream raw materials continue to decline
Raw material cyclohexanone: Starting from mid-October, the price of nylon upstream raw material cyclohexanone will rise decline. From November 1st to November 19th, the average domestic market price of cyclohexanone fell from 11,560 yuan/ton to 10,875 yuan/ton, a decrease of about 700 yuan/ton, a decrease of 5.81%. The cyclohexanone market is weak. The pure benzene market has been stable with small fluctuations, and the cost of cyclohexanone has been stable. Downstream demand is weak, and cyclohexanone shipments are hindered. Cyclohexanone’s current raw material and supply and demand performance are weak, surrounded by bad news. Cyclohexanone analysts from SunSirs predict that the short-term cyclohexanone market will remain weak and prices may continue to fall slightly.
Raw material PA6: PA6 is the main raw material for nylon consumer yarn. In mid-November, the domestic market price of PA6 continued to decline, and the spot prices of various brands were reduced. As of November 18, the mainstream offer price of medium sticky 2.75-2.85 by sample companies was around 16,100 yuan/ton, with an increase or decrease of -8.17% compared to the average price level at the beginning of the month. The price of upstream caprolactam continues to fall, and the supply of caprolactam units of some companies has increased after restarting. Downstream companies just need to purchase. At present, caprolactam has fallen to near the cost line, and the company’s attitude towards price stabilization is obvious, and the room for decline is limited. The price of raw material pure benzene has been reduced, cost support is insufficient, and market transactions are thin. The situation of downstream users receiving goods has declined, and there is a wait-and-see atmosphere in the market. The bearish sentiment in the market outlook has intensified, and it is expected that the spot price of PA6 may still fall slightly in the short term.
Downstream market demand is light
On the demand side, the demand in the downstream market is light, and downstream procurement is on demand. Enterprises are operating at a low level, and users are not strong in receiving goods. There is a wait-and-see atmosphere in the market.
Forecast of the market outlook
As the upstream raw materials continue to decline weakly, there is insufficient support for the cost side of nylon, and the demand side has not improved significantly, the transaction situation on the market is not good, the wait-and-see sentiment of buyers has intensified, and the bearish sentiment in the market outlook has intensified. It is expected that the spot price of nylon will run weakly in the short term, and the spot price may still fall slightly. </p
