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Polyamide POY Polyamide FDY News
SunSirs: Raw Materials Prices Raise, Polyamide FDY Prices Are Weak in Increase
September 17 2019 20:26:39SunSirs(Linda)

SunSirs: Sep 17

According to statistics from SunSirs, on Sep 16, the Polyamide DTY in Jiangsu was 17,867RMB/t, 0.37% lower than the beginning of September and 28.70% lower year on year; The Polyamide POY price in Jiangsu was 15,580RMB/t, 0.26% lower than the beginning of September and 29.63% lower year on year; Polyamide FDY price was 19,700RMB/t, 0.25% lower than the beginning of September and 14.16% lower year on year.

Product

Sep 1

Sep 16

Rate of Change

Unit

Cyclohexanone

8,133

8,425

292

RMB/t

Caprolactam

12,033

12,317

284

RMB/t

PA6(Medium viscosity: 2.75-2.85)

13,650

14,233

583

RMB/t

Polyamide FDY(40D/12F)

19,750

19,700

-50

RMB/t

Polyamide DTY(70D/24F)

17,933

17,867

-66

RMB/t

Polyamide POY(86D/24F)

15,620

15,580

-40

RMB/t

 

In September, due to the maintenance plan of Cyclohexanone Plant in mid-term of this month, the market spot supply is tight. Some factories suspend the sale, and the external quotation is firm. Saudi Arabia's largest crude oil facility was attacked by UAV on the 14th, resulting in the production capacity suspension of more than 5 million barrels per day, and Saudi oil output and exports were deeply affected. Domestic crude oil futures once limited, closing prices soared. The incident strengthened the confidence in the short-term rise of the prices of chemical raw materials. Compared with the beginning of September, Cyclohexanone increases 292RMB/t, Caprolactam increases 284RMB/t and PA6 increases 583RMB/t.

The exports of textiles and garments are weaker than the previous years. According to the latest statistics of the General Administration of Customs, in August 2019, China's exports of textiles and garments amounted to $25.714 billion, 6.54% lower than last month and 4.95% lower year on year. Textile exports (including textile yarns, fabrics and products) amounted to $10.147 billion, 2.61% lower compared with the same period last year, while garment exports (including garments and accessories) amounted to $15.698 billion, a decrease of 6.38% compared with the same period last year.

From the price trend chart of Polyamide POY and upstream raw materials, the prices of Cyclohexanone keep rising, while the prices of PA6 fall and then rise, but Polyamide FDY appears to be weak and to have a decrease. Manufacturers said that the downstream performance is low, the upstream price pressure is rising, the prices up or not is still being weighed.

SunSirs analysts believe that the price of crude oil has risen sharply, the price of raw materials in the upstream of Polyamide has risen. The upstream market is not good, and the manufactures have not raised the prices yet. It is expected that the Polyamide FDY prices will rise due to cost pressures.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

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