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Since late September, due to the dual control of energy consumption, nylon manufacturers have reduced production due to power cuts, under-operated, coupled with strong support from the raw material end, and inventories have declined. Although the price fell slightly at the beginning of this week, the overall price of nylon is still operating at a high level.
As of October 25, the price of nylon filament DTY in Jiangsu area was 22,050 yuan/ton, an increase of about 850 yuan/ton from the end of September, an increase of 4.0%; the price of nylon POY was 19450 yuan/ton, down 50 yuan/ton from last week , Compared with the end of September the price rose 700 yuan / ton, an increase of 3.73%; the price of nylon FDY reported 20,800 yuan / ton, compared with the end of September price rose 1,050 yuan / ton, an increase of 5.3%.
From the perspective of price trends, the domestic nylon fabric market continues to operate at a high level. Under the influence of the dual control policy, the nylon industry has not been spared, and the operating rate of nylon-related companies will be restricted to a certain extent. Nylon manufacturers in Jiangsu area continued to stop production or partly stopped production, and inventory was further reduced.
It is understood that the impact of the power curtailment policy continued in the last two months of the year end. The situation of double limits will become more severe, and the operating rate of chemical fiber enterprises will also face a continuously low situation. Under the rapid increase in costs, textile and chemical fiber companies can only choose to increase prices to pass the pressure on to the downstream and "self-help". Since October, the price increase of nylon companies has never stopped.
Since October, another reason for the continuous increase in domestic nylon prices is the strong support of upstream raw material costs. In terms of upstream caprolactam, the current raw material pure benzene fluctuates and rises, and the cost side support is acceptable. The supply side was tight, and caprolactam oscillated at a high level after rising. Downstream on-demand procurement, enterprises start low. The end demand was affected by the environmental protection policy and did not reach the expected effect of the peak season, and the centralized replenishment market weakened. The market fundamentals are still stable, and it is expected that caprolactam prices may remain stable in the short term.
In October, the traditional peak season came, and the demand for nylon spinning was on the rise. With insufficient production power, most companies preferred to consume inventory in factories and cloth dealers. The inventory of conventional grey fabrics was under significant pre-pressure, but with the advancement of the production limit time , The rapid decline of textile inventory, so that the demand on the market is greater than the supply.
Considering that the impact of power curtailment will continue, downstream textile and weaving enterprises will be more difficult to increase the operating rate, or will maintain the current level of operation, and the company's start-up is still at a low level. However, the increase in the number of orders has increased the company's demand for nylon. Most companies Purchasing nylon raw materials with a "buy up" mentality.
Upstream nylon is supported by the cost side and driven by the demand side, and the price has always been running at a high level. In the short term, the domestic nylon price will continue to run at a high level and steadily, with consolidation as the main focus. In the second half of this year, the weather suddenly turned cold, the market improved, the stock of woven grey fabrics fell rapidly, and the price of grey fabrics got room for a substantial increase.
