The price of nylon filament has increased slightly due to the recovery of crude oil

According to statistics of business agency, as of May 12, Jiangsu nylon filament DTY reported 15167 yuan / ton, the same as the price at the beginning of the month, down 28.79% year-on-year; nylon POY price was 12620 yuan / ton, up 100 yuan / ton, up 0.80%, down 31.41% year-on-year; nylon FDY price was 15750 yuan / ton, stable, down 31.52% year-on-year.

 

sulphamic acid

The market expectation of European and American countries to restart economy and the active production reduction of oil producing countries boosted crude oil prices. According to the monitoring of business agency, WTI increased by 112.07% from April 29 to May 11. Crude oil production reduction, the first round of production reduction agreement reached earlier by OPEC + oil producing countries led by Saudi Arabia and Russia, is 9.7 million barrels per day for two months starting from May 1. According to data released on May 1 by Baker Hughes, an oil service company in the United States, the number of oil wells in the United States has been active and the total number of wells has decreased, and the number of oil wells has dropped to the lowest level since June 2016. China, Japan, South Korea and other Asian countries have effectively controlled the epidemic. Nearly 20 states in the United States may resume economic activities, and fuel demand may be further recovered.

 

Product may 1 – May 12 up and down unit

Cyclohexanone 5320 5680 360 yuan / ton

Caprolactam 8533 9900 1367 yuan / ton

PA6 (medium viscosity: 2.75-2.85) 10367 11333 966 yuan / ton

Nylon FDY (40d / 12F) 15750 15750 0 yuan / ton

Nylon DTY (70D / 24F) 15167 15167 0 yuan / ton

Nylon POY (86d / 24F) 12520 12620 100 yuan / ton

 
Crude oil support, tight supply to raise prices. As of May 12, cyclohexanone rose 360 yuan / ton, or 6.77%; caprolactam rose 1367 yuan / ton, or 16.02%; PA6 rose 966 yuan / ton, or 9.32%. Affected by the sharp rise in crude oil, as of May 9, the listing price of Sinopec’s pure benzene was increased by 350 yuan / ton, and the listing price was reported as 3100-3500 yuan / ton. Last week, the external offer of cyclohexanone was increased, the market price was reduced, and the price in East China was 5900-6100 yuan / ton in cash. As of May 12, Sinopec’s listing of caprolactam was increased by 1300 to 10000 yuan / ton in May due to the shortage of spot supply and the rise of raw materials.

 

Sulfamic acid 

Before nylon manufacturers as a result of the mask market, the price of products adjusted, experienced a sharp rise and fall after the overall improvement. As for the rise of raw materials, manufacturers must keep up with the quotation, and the difference lies in the timing. Some manufacturers rose during the mask market, but didn’t do their best during the callback. The rise of raw materials just appeased market sentiment and made the price reasonable. Other manufacturers follow the script completely, the raw materials rise, and the quotation keeps up, but only limited to the products with better delivery conditions, and the price adjustment action of general demand is less.

 

Analysts of business cooperatives believe that the cost of crude oil production reduction and consumption expectation recovery have strong support if nothing unexpected happens. At the same time, the economy in Europe and the United States is expected to restart. China’s textile export data in April shows that the textile industry is expected to try to increase nylon in the near future.

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