According to statistics, as of June 30, the price of nylon POY in Jiangsu was 17,375 yuan/ton, an increase of 300 yuan/ton from last week’s price. Ton. Since June, market demand has been light. From the price trend, the price of nylon POY fell in early June. However, since mid-June, manufacturers have been more willing to raise prices, and the market has been weak and stable. At the end of June, affected by the market price of upstream raw material cyclohexanone Due to the impact, manufacturers successively adjusted prices on the 29th. The price of nylon POY in Jiangsu increased by 300 yuan/ton compared with the previous few days.
Upstream cost impact
Data SunSirs monitoring data shows that Sinopec’s pure benzene continued to increase by 300 yuan/ton to 8,450 yuan/ton, with strong cost support, and quotations from hexanone manufacturers followed suit. The ex-factory price of some products in Shandong is 10,200-10,500 yuan/ton with cash delivery, and the market quotation is 10,500-10,600 yuan/ton with cash delivery. The market quotation of cyclohexanone in South China has increased. Boosted by the increase in pure benzene, the price of cyclohexanone has followed suit. The price of cyclohexanone in the South China market is 10,900-11,000 yuan/ton in cash. The actual order will be discussed in detail. The market price of cyclohexanone increased, and the price of pure benzene continued to rise. Cyclohexanone followed suit, but buyers were cautious. The price of cyclohexanone in the East China market was 10,800 yuan/ton in cash.
In early June, due to the cost boost of cyclohexanone, the upstream raw material of nylon, the ex-factory price of cyclohexanone was raised to 10,500-10,600 yuan/ton, but the high price lacked follow-up buying. In addition, after the maintenance of some caprolactam units, the demand for cyclohexanone from downstream nylon manufacturers decreased, and the spot supply increased. However, there was a lack of buying orders for chemical fibers, and the price of cyclohexanone fell. According to SunSirs monitoring data, as of June 18, the average domestic market price of cyclohexanone was 10,380 yuan/ton, a month-on-month decrease of 6.15%. The downstream support is weak, the wait-and-see sentiment is high, cyclohexanone is under pressure at a high level, the supply is abundant, and the focus of transactions is frustrated and lowered. At the end of June, quotations from hexanone manufacturers followed suit. As of June 30, the average domestic market price of cyclohexanone was 10,550 yuan/ton.
In terms of raw material PA6: the upstream caprolactam market for PA6 has been adjusted within a narrow range in early June, and the cost support for PA6 is temporarily stable. Downstream factories mainly receive goods for immediate demand, end-user consumption is at off-season levels, and there is little trading on the market. As of June 18, the mainstream offer price of Zhongnian 2.75-2.85 by sample companies was around 14733.33 yuan/ton, which was a 1.14% decrease from the average price in early May. Overall, the current PA6 market is bearish, and it is expected that PA6 spot prices may remain stagnant in the near future.
Market demand factors
According to many manufacturers, the entire 6 In March, the downstream demand for nylon was not high. Most downstream companies maintained normal demand and mainly focused on small orders. The market transactions were weak and basically in a situation of price but no market. The supply of goods on the market was sufficient, inventory increased, and some manufacturers started operations. Following the adjustment, all parties upstream and downstream are cautious about the market outlook.
Forecast of the market outlook
The end demand for nylon has not seen a significant improvement. Most downstream companies maintain normal demand for goods, and order support is limited; upstream raw material costs support, and cost support is strong. It is expected that domestic nylon POY prices will fluctuate due to fluctuations in raw materials, and will generally operate smoothly. </p
