According to the statistics of business news agency, as of July 16, the price of DTY of nylon filament in Jiangsu was 20360 yuan / ton, which was the same as last week’s price and increased by 700 yuan / ton compared with the end of June; The price of nylon POY was 17950 yuan / ton, the same as last week’s price, up 825 yuan / ton from the end of June; The price of nylon FDY was 20933 yuan / ton, the same as last week’s price, up 933 yuan / ton from the end of June. From the perspective of price trend, the current price of nylon is at a high level. In early July, the nylon market ushered in the first rise, which was mainly driven by the cost of upstream raw materials. The whole nylon market rose. This week, the price of nylon was stable, and the upstream and downstream parties held a cautious attitude towards the future market.

Nylon price chart

Upstream market analysis

The cost of upstream raw material cyclohexanone is weakening, the demand is weak, and the market price falls after rising. According to the monitoring data of business news agency, as of July 15, the average price of domestic cyclohexanone market was 10580 yuan / ton, down from last week. The overall construction started at a low level, and the downstream demand was light.

Cyclohexanone price chart

In early July, the market of raw material PA6 had a positive trend, and the spot price generally rose. As of July 15, the mainstream offer price of 2.75-2.85 of the sample enterprises to CNMC was about 15000 yuan / ton, up 2.97% compared with the average price at the beginning of the month and 23.29% compared with the same period last year. At present, the overall operating rate of domestic PA6 polymerization plant is about 60%, and the supply side is good for conventional spinning and chip products. Among them, nylon filament load 80% is relatively high, and the benefit is not obvious. The raw material caprolactam was stronger at the beginning of the month, the cost support of PA6 was strengthened, and the price rose with the upstream. However, the acceptance of downstream nylon for high price goods is poor, and the floor trading is still dominated by contracts. Terminal factory purchase operation is cautious, just need to replenish with take. Overall, the current market of PA6 is short, and it is expected that the spot price of PA6 will be deadlocked in the near future.

Downstream market demand

The demand of downstream terminal areas of nylon is still flat, and some customers take goods on demand. Some customers make up for their positions slightly at low prices in the early stage, and their enthusiasm for taking goods is not good; In addition, the terminal field is still in the traditional off-season. Recently, the prices of polyester, spandex and nylon filament continue to rise. Downstream customers say that they are under great pressure and cash flow is difficult, so they dare not stock more. The overall market continues to focus on just need buying, and all parties hold a cautious wait-and-see attitude towards the future market.

According to a number of nylon manufacturers, the downstream demand for nylon is not high, most downstream enterprises maintain normal just need to take goods, mainly small orders, weak market transactions, basically in a situation of no market price, sufficient supply of goods on the floor, increased inventory, some manufacturers start to adjust, upstream and downstream parties are cautious about the future market.

Future forecast

Nylon terminal demand has not improved significantly, most of the downstream enterprises keep normal, just need to take goods, order support is limited; However, the cost support is strong. This week, the price of nylon is stable, the market demand is weak, and the manufacturers are willing to support the price. With the price of upstream raw materials falling, it is expected that the nylon market will go down in the short term.