Affected by the decline of upstream raw materials, the policy of limiting production and electricity has been eased, and downstream demand has been flat. The price of nylon fell slightly this week (November 1-5).
As of November 5, nylon filament DTY (excellent Product; 70D/24F) is quoted at 21,120 yuan/ton, which is about 240 yuan/ton lower than last week’s price, a decrease of 1.12%; nylon POY (high-quality product; 86D/24F) is quoted at 18,800 yuan/ton, which is lower than last week’s price The price dropped by 300 yuan/ton, or 1.57%; the price of nylon FDY (high-quality product: 40D/12F) was reported at 22,550 yuan/ton, which was 375 yuan/ton lower than last week, or 1.64%.
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 tended to stabilize in the second half of October. Entering November, domestic nylon prices fell slightly this week, but are still at a high level. Upstream raw materials are trending lower. Production and power restrictions in Jiangsu, Zhejiang and other provinces have had a greater impact on the textile industry. This week, the power and production reduction policies have been eased, and the start-up of nylon manufacturers in Jiangsu has increased.
Upstream raw materials are running low
Starting from mid-October, nylon upstream raw materials The price of cyclohexanone has fallen. From October 18th to November 5th, the average domestic market price of cyclohexanone fell from 12,820 yuan/ton to 11,440 yuan/ton, a decrease of 1,380 yuan/ton, a decrease of 10.76%. 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 will continue to fall slightly.
PA6 is the main raw material for nylon civilian yarn. This week, the domestic market of PA6 Markets are down. As of November 5, the mainstream offer price of Zhongnian 2.75-2.85 by sample companies was around 17,066 yuan/ton, down 600 yuan/ton from last week. The cost-end caprolactam has been running smoothly recently, and its support for PA6 is acceptable. At present, domestic environmental protection policies such as double limits affect the load of the industry and its downstream, and the demand for PA6 is slow to follow. The trading volume on the market has been poor in recent days, and the inventories of slicing companies have increased. It is expected that the spot price of PA6 will still fall slightly in the short term.
Downstream market demand is stable
On the demand side, downstream market demand is stable. Terminal demand is affected by environmental protection policies and has not reached the expected effect in the peak season. The downstream market is on demand. Procurement, business operations are at a low level, the situation of users receiving goods is not strong, and there is a lot of wait-and-see atmosphere in the market.
As the traditional demand peak season has basically ended, and environmental policies such as double limits have affected the load of terminal enterprises, the situation of users receiving goods has declined. The deserted trading on the market has affected business confidence, and there is a wait-and-see atmosphere in the market. As the power restriction policy continues and the raw material side falls, it is expected that the spot price of nylon will run weakly in the short term, and there is no expectation of an increase, and may continue to fall slightly.
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