Raw material price rises, nylon filament maintains high price

According to the statistics of business agency, as of October 27, DTY of nylon filament in Jiangsu was 15466 yuan / ton, up 4.74% compared with October 1, and 13.27% lower than that on October 1; the price of nylon POY was 13080 yuan / ton, 4.31% higher than that on October 1, and 15.72% lower than that on October 1; the price of nylon FDY was 16250 yuan / ton, 4.17% higher than that on October 1, and 17.51% lower than that on October 1.

 

EDTA

In October, orders improved, and the high price of nylon industry chain was difficult to cool down. As of the 27th, the average price of pure benzene was 3600 yuan / ton, an increase of 6.51% in the same month, but the initial signs of correction appeared at the end of October. In terms of cyclohexanone, although the price has increased, the increase is general. On the one hand, the price support of raw material end is fair, and the transaction of downstream caprolactam is also hot. Many enterprises of caprolactam can be overhauled or reduced, and the supply is reduced, which has a certain drag on the rise of cyclohexanone. With the disappearance of the replenishment peak period, the sales of PA6 high-speed spinning chips are under pressure. After the resumption of work in October, the short fiber and yarn wrapping enterprises are more active in replenishment, which has not lasted for a long time. Recently, the trend of trading has weakened, and some businesses have lowered their prices.

 

Raw materials still remain high, nylon filament manufacturers basically do not act. In mid October, the nylon market ushered in a price rise. On the one hand, the continuous trading limit of polyester staple fiber has played a leading role in the recovery of textile market, and textile raw materials generally go up. On the other hand, foreign textile orders are transferred to China, and the purchasing demand is picking up. However, according to the latest statistics of the General Administration of Customs of China, in September 2020, China’s textile and clothing export volume was 28.377 billion US dollars, a decrease of 8.24% month on month. At the same time, staple fiber futures sharply callback, cotton prices fall, the actual order support is general, capital participation makes the recent market is over interpreted. Filament manufacturers hold the price more, the action of price rise slows down, the raw material support is acceptable, and the merchants hold the price for shipment.

 

Business agency analysts believe that in the near future, nylon filament is mainly stable, some specifications have risen slightly, the transaction atmosphere has cooled, and the supply and demand pattern has changed. From the raw materials have signs of decline, filament is expected to have a downward trend.

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