Unusually for Monday, the price of nylon yarn began to fall. On Tuesday alone, it fell by 400 yuan/ton. At the end of October, the price of nylon yarn rebounded slightly. After a small increase, it remained stable. After only a week of stability, the price began to fall. The current price is at the lowest level this year. The POY price is 15,550 yuan/ton, the DTY price is 17,850 yuan/ton, and the FDY price is 16,050 yuan/ton.
Costs are falling and prices are difficult to maintain
International crude oil prices continued to fall this week, falling for three consecutive days by US$6.78. However, the fall in crude oil prices did not actually change the upstream price changes of nylon yarn. The upstream caprolactam price did not change much, but due to the large price drop at the beginning of the month, It fell by 600 yuan/ton during the week. The price of pure benzene continued to fall recently from mid-October to early November, from 7760 yuan/ton to 6830 yuan/ton, a drop of nearly 1000 yuan/ton. The price rebounded slightly this week. , but the increase was only 190 yuan/ton.
The rising speed cannot keep up with the falling speed, and the overall price at the cost end has fallen. It may remain stable in the short term, but the price of nylon yarn will definitely fall in the future. The price of nylon yarn was not affected in the early stage. As terminal crude oil prices fell, nylon manufacturers were under greater pressure and prices began to decline.
Not only in the nylon market, but also in other major chemical fiber markets such as polyester, raw material factories have carried out promotions many times. Market participants are cautious and are not willing to focus on replenishing their positions. The improvement in overall production and sales data during promotions is relatively limited. The finished product inventory pressure of polyester filament factories has gradually increased. Under this drag, polyester filament factories have continuously lowered their quotations during the week, and the market focus has gradually declined. The sluggish trend of polyester has also suppressed the nylon market sentiment.
At the same time, demand is also very important to the price changes of nylon yarn. It can be said that the impact of the cost side on raw material prices is far less than the demand side.
Insufficient demand, downstream users don’t buy it
This year’s market is a “nightmare” for textile people. While demand has been greatly reduced, there is also very little profit left. As a major producer of nylon raw materials, Nisifang has a very small presence in the textile market this year. Many people say it is because of last year’s Hype has led to the miserable situation of nylon yarn this year, and the failure of nylon yarn is also the main reason why the price of nylon yarn is difficult to rise this year.
As mentioned before, the price of nylon yarn has not experienced too many ups and downs this year. It has basically maintained a rise for a period of time and then fell back to its original state. During the peak seasons of the Gold, Nine and Silver Tens, the demand for nylon yarn has picked up, and many manufacturers have taken over. When the order was placed, the price of nylon yarn rose slightly during that period. At one time, the price was as high as 16,100 yuan/ton (POY). From September to October, the price also basically remained relatively stable, rising and falling and returning to the starting point. , also because this year’s peak season was short, the peak season signal stopped abruptly in the middle of the year. From about this time, the price of nylon yarn has been maintained at 16,000 yuan/ton, until the price began to drop rapidly starting this week, November is already At the beginning of the traditional off-season, the drop in demand has led to a rapid reduction in orders for many fabrics. Without the support of downstream fabrics, the price of nylon yarn will naturally fall along with the cost side. It can be said that it is self-defeating.
It is now mid-November, and the off-season atmosphere is becoming more and more obvious. Many weaving manufacturers have no orders on hand and even threaten to take a holiday at the end of the month. Assuming that there is no support from the demand and cost side, nylon prices will continue to fall in the later period. The current price has already It is a lower level this year, and may soon break through the lowest level.
This year’s textile market only has low prices that you can’t imagine. There is no minimum, only lower prices.
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