In early December, nylon filament prices continued to decline. According to statistics from the Business Society, as of December 16, nylon filament DTY in Jiangsu was reported at 16,700 yuan/ton, a decrease of 233 yuan/ton from the beginning of the month, a decrease of 1.38%, and a year-on-year decrease of 22.57%; the price of nylon POY was reported at 14,280 yuan/ton. , down 400 yuan/ton from the beginning of the month, a decrease of 2.72%, and a year-on-year decrease of 24.28%. The price of nylon FDY was reported at 17,900 yuan/ton, a decrease of 600 yuan/ton from the beginning of the month, a decrease of 3.24%, and a year-on-year decrease of 21.57%.
In early December, due to the sharp decline in U.S. crude oil inventories and OPEC’s tendency The extension of the production cut date caused crude oil prices to skyrocket. Pure benzene took advantage of the situation to rise sharply, with a weekly increase of 7.74%. Domestic cyclohexanone manufacturers currently have few clear offers, and the company’s shipment level is around 7,200-7,300 yuan/ton. The inventory level is low near the end of the year, and most of them are produced in conjunction with downstream orders. Most downstream PA6 companies have low inventory, strong quotations, and slight improvement on the demand side, and most of them are rationally waiting and watching.
Towards the end of the year, most companies have destocked to withdraw funds, and nylon filament Prices remain weak. In contrast, in terms of nylon raw materials, driven by crude oil, upstream raw materials have generally recovered. On the other hand, Sino-US trade relations have eased and developed for the better, boosting market confidence. However, the market has entered its closing period, and the number of nylon orders is limited. The recovery of downstream demand may wait until next year, and they are cautious about raw material procurement. Therefore, nylon manufacturers have not suddenly turned up in their enthusiasm for raw material procurement.
From the nylon POY and raw material price trend chart, PA6 and The price of nylon POY is highly correlated and the trend is basically the same. Recently, the price of crude oil has increased, and the prices of cyclohexanone and PA6 have recovered. However, entering the capital withdrawal period at the end of the year, nylon filament has stabilized after the price reduction at the beginning of the month, and it will still take time to rise. .
Business News analysts believe that rising crude oil prices and the easing of Sino-US trade relations have boosted market confidence, and the upstream raw materials of nylon have recovered. Nylon filament has stabilized after being lowered at the beginning of the month. With strong support from raw materials, shipments are expected to remain stable. </p
