According to statistics of business agency, as of June 23, DTY of nylon filament in Jiangsu Province reported 16000 yuan / ton, up 133 yuan / ton, up 0.88%, down 10.61% year-on-year; POY of nylon was 13600 yuan / ton, up 80 yuan / ton, up 0.59%, down 11.69% year-on-year; FDY of nylon was 16750 yuan / ton, stable, down 16.67% year-on-year.
| ferric sulfate (Poly ferric sulphate) |
As of June 22, WTI crude oil was up 12.23% from the beginning of June. In terms of crude oil, crude oil continued to rise against the background that OPEC + decided to extend the production reduction agreement to the end of July. However, due to concerns about the epidemic and negative production reduction in some countries, crude oil failed to stabilize at $40, falling to around $36 / barrel at one time in the middle of the month. According to the latest forecast issued by Bank of America, the price of WTI crude oil will rise to 39.7 USD / barrel from 32 USD / barrel in 2020. Crude oil stopped falling and rose in shock.
Crude oil market support is acceptable, and cyclohexanone quotation is basically stable, with some slightly reduced. In June, there was a short-term increase in chemical fiber orders. The supply and demand of cyclohexanone plants were relatively balanced, and a large number of downstream purchases led to the increase of cyclohexanone prices. Although caprolactam due to tight spot supply, prices rose sharply. However, for the cyclohexanone market, the trading volume decreased, the increase was less than that of caprolactam, and the market was passive. Recently, there was a price drop to promote the trading volume.
The inventory of upstream caprolactam is low in the early stage, which strongly supports the cost end of PA6, but the downstream orders are slowly digested and the purchase of raw materials is slowed down. Due to the firm price of raw materials, the price of nylon manufacturers has been tested again. The price of nylon POY (86d / 24F) is 13000-14000 yuan / ton, the price range of nylon FDY (40d / 12F) is 16400-17000 yuan / ton, and that of nylon DTY (70D / 24F) is 15500-16800 yuan / ton. In the past two weeks, the external quotation has been basically stable. Some of the price adjustment strategies of the manufacturers have been put in place in one step, and some of them have been running on thin water for a long time.
Business analysts believe that caprolactam and PA6 rose after maintaining high performance. Generally, the market price of nylon is determined by the cost end. With the gradual recovery of caprolactam supply, the raw material end also shows signs of loosening. It is expected that the nylon filament will slightly fall back in July.
| povidone Iodine |