Raw Material Prices Rose 12 Months Later, Nylon Prices Remained Stable (12.15-12.30)
According to the statistics of business agencies, as of December 30th, the DTY of nylon filament in Jiangsu area was reported to be 16766 yuan / ton, up 66 yuan / ton compared with December 15th, down 20.66% from the same period last year. The price of nylon POY was 14280 yuan / ton, the price remained stable, the price of nylon DTY fell 22.39%, the price of nylon FDY was 17900 yuan / ton, and the price remained stable, down 18.74% compared with the same period last year.
| product | December 15th | December 30th | Ups and downs | Company |
| cyclohexanone | Seven thousand two hundred and sixty-six | Seven thousand three hundred and eighty-three | One hundred and seventeen | Yuan / ton |
| Caprolactam | Ten thousand seven hundred and sixty-six | Ten thousand nine hundred and sixty-six | Two hundred | Yuan / ton |
| PA6 (medium viscosity: 2.75-2.85) | Twelve thousand six hundred and fifty | Twelve thousand six hundred and sixty-six | Sixteen | Yuan / ton |
| Nylon FDY (40D/12F) | Seventeen thousand and nine hundred | Seventeen thousand and nine hundred | Zero | Yuan / ton |
| Nylon DTY (70D/24F) | Sixteen thousand and seven hundred | Sixteen thousand seven hundred and sixty-six | Sixty-six | Yuan / ton |
| Nylon POY (86D/24F) | Fourteen thousand two hundred and eighty | Fourteen thousand two hundred and eighty | Zero | Yuan / ton |
In mid December, China and the United States reached the first stage agreement to boost market confidence. Most people believe that the pressure of China's textile exports will be improved and the trade pattern will take a turn for the better. In terms of crude oil, OPEC and the production reduction Alliance announced that after the 5-6 meeting in December, the 1 quarter of 2020 increased production by 500 thousand barrels / day, so that crude oil prices continued to rise for nearly half a month, and WTI crude oil prices rose 4.29%. Cyclohexanone increases with the cost of raw materials, but the supply of spot goods is adequate, and the downstream demand for procurement is not sustainable. In terms of caprolactam, Sinopec's CPL liquid material settlement price in December was 11150 yuan / ton, up 150 yuan / ton compared with November settlement price. PA6 because of the low demand for the downstream, the inventory pressure is large, and the rise is limited.
From the comparison of the price trend of PA6 and nylon POY, PA6 tries to reduce the price shipment, then the cost pressure drives the price up, and the downstream wait-and-see sentiment is strong, and the price is lowered again. At the end of the year, the majority of nylon manufacturers mainly focused on clearance and production as a supplement. The impact of rising raw material prices is relatively small, orders production is the mainstream, many stocks hold price shipments, some of the low inventories, orders prices slightly increased.
Business analysts believe that at the end of the year, the price of nylon is basically stable in late 12. Under the good news of oil production reduction and trade pattern improvement, market confidence has recovered slightly. It is expected that nylon will rebound when the raw materials are warmed up.
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