1、 Price trend:
Nylon price chart
According to the statistics of business news agency, as of March 30, the DTY of nylon filament in Jiangsu was 19280 yuan / ton, up 80 yuan / ton or 0.42% from the beginning of March; the price of nylon POY was 16875 yuan / ton, up 25 yuan / ton or 0.15%; the price of nylon FDY was 19450 yuan / ton, down 225 yuan / ton or 1.14%. In May and March, domestic nylon filament prices were mainly adjusted, from a small rise at the beginning of the month to a stable in the middle of the month, and then to a small decline at the end of the month.
Affected by the decline of upstream industrial chain products, the price of nylon is difficult to support. In March, the domestic market of nylon upstream product cyclohexanone dropped significantly, the product prices of downstream caprolactam factories fell, the market confidence weakened, the manufacturers’ purchasing rhythm slowed down, and the cyclohexanone enterprises sold at a profit. The domestic market of PA6 fell from a high level, and the spot price has been pulled back. In the early stage, PA6 was boosted by the tightening supply of the international crude oil and chemical industry chain. At present, the supply side is more abundant than before, and the downstream plants buy as they use, so the purchasing enthusiasm is not good.
Because the price of nylon is at a high level, the downstream manufacturers basically take the goods just as needed, the atmosphere at both ends of supply and marketing is light, and the actual trading is not much. Factory shipment is slow, inventory has an increasing trend, domestic and foreign sales are relatively weak in the early stage.
3、 Future forecast:
After a bold price increase in February, the domestic nylon market experienced a smooth transition in March. Due to the expected decline of raw material cost support, insufficient support at the cost side and limited order support, once the support for raw material cost collapsed, nylon filament could not be spared. Nylon prices are expected to move downward in the short term.
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