According to statistics of business agency, as of May 28, Jiangsu nylon filament DTY reported 15333 yuan / ton, up 167 yuan / ton, up 1.10%, down 23.21%; nylon POY price reported 12720 yuan / ton, up 200 yuan / ton, up 1.60%, down 25.61%; nylon FDY price reported 16250 yuan / ton, up 500 yuan / ton, up 3.17%, down 23.89%. In May, the economic activities of many countries gradually recovered to boost market confidence, crude oil rose sharply, nylon raw material prices rebounded, and filament prices rose with raw materials.
| EDTA |
Product may 1 – May 28 up and down unit
Cyclohexanone 5320 5940 620 yuan / ton
Caprolactam 8533 9917 1384 yuan / ton
PA6 (medium viscosity: 2.75-2.85) 10366 11566 1200 yuan / ton
Nylon FDY (40d / 12F) 15750 16250 500 yuan / ton
Nylon DTY (70D / 24F) 15166 15333 167 yuan / ton
Nylon POY (86d / 24F) 12520 12720 200 yuan / ton
| Melamine |
The multinational economy gradually recovered, and crude oil prices continued to rise. As of May 27, WTI crude oil futures rose 73.66% monthly. But in late May, due to the tense trade relations between China and the United States, the increase of crude oil decreased, and there was a risk of falling back.
In the first half of May, the sharp rise of crude oil supported the raw material end of nylon filament strongly. At the same time, due to the shutdown and delayed recovery of some devices in the industrial chain, the short-term supply of caprolactam was tight, which stimulated the upstream and downstream to raise the price. The offer of caprolactam market was once pushed up by 10100-10300 yuan / ton for acceptance. However, with the return of the spot supply of cyclohexanone, the high price decreased, the market low price emerged, and the external quotation stabilized.
Due to the supply of raw materials, the price of PA6 continued a strong upward trend. It can be seen from the figure that PA6 and caprolactam have a strong correlation, with a similar upward trend in some periods. PA6 was boosted by the tight supply of caprolactam, but the actual transaction did not improve significantly. The upstream raw material supply will be supplemented, but there is a large driving force for the rise in the short term. In late May, China US trade relations were tense, and the market was cautious about the rise of oil price. In the later period, the rise of crude oil was weakened, the growth of derivative products was slow, the downstream demand was light, the supply of caprolactam gradually recovered, and the market returned to stability.
In May, the market price of nylon raw materials was generally raised, which led to the price increase of nylon filament manufacturers. However, the demand in the downstream did not improve greatly, and the driving force for continuous increase was insufficient. Due to the tense trade relations between China and the United States, crude oil may be sensitive to this situation, which does not rule out the possibility of falling back. Once the raw material cost support collapses, nylon filament is not immune. It is expected that the price of nylon filament will be stable and the price will be raised cautiously.
| EDTA 2Na |