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SunSirs: Strong Cost Support, China Polyamide Prices Rose Last Week (11.1-11.16)
November 18 2020 10:08:23SunSirs(Linda)

According to statistics from SunSirs, as of November 16, the DTY of polyamide filament yarns in Jiangsu area reported 15,466 yuan/ton, an increase of 434 yuan/ton from the beginning of November, an increase of 2.80%, and a year-on-year decrease of 8.62%; the price of polyamide POY reported 13,360 yuan/ The price of polyamide FDY increased by RMB 280/ton from the beginning of November, or 2.14%, down 11.29% year-on-year; the price of polyamide FDY was RMB 16,750/ton, up RMB 500/ton from the beginning of November, or 3.08%, or down 13.88% year-on-year. Entering November, international crude oil prices skyrocketed.

As of November 16, the WTI crude oil settlement price was US$41.34 per barrel, an increase of 14.29% from the price in early November. Last week, the list price of pure benzene was raised twice to 4,000 yuan/ton, an increase of 250 yuan/ton. The supply of cyclohexanone is relatively abundant, the orders at the beginning of the month were flat, and the shipment pressure is still there. However, due to strong cost support, the price of cyclohexanone has risen significantly. Caprolactam is rising and the cost is high, and some companies have maintenance plans in the later period, and the supply of goods is also tight. In the same month, Sinopec caprolactam raised its listing price twice to RMB 10,800/ton, an increase of RMB 700/ton. At the beginning of the month, downstream staple fiber and other companies mainly digested stocks, and the listing price of caprolactam in the upstream rose sharply. At the same time, the downstream chased up to get support, which stimulated the price of PA6 to rise.

At the beginning of the month, polyamide manufacturers moved relatively little, holding prices on the sidelines. However, the price of raw materials has risen significantly. Recently, polyamide manufacturers have warned again that due to rising costs, polyamide is expected to increase prices, and customers in need place orders as soon as possible to lock in profits. On the one hand, merchants are stimulating marketing, on the other hand, raw materials have indeed risen sharply. With the consumption of inventory, the price increase is on the line.

SunSirs analysts believe that in the first ten days of November, crude oil soared, and each link of the polyamide industry chain increased to varying degrees, and the focus of polyamide manufacturers' production costs moved upward. However, orders are generally supported and pricing is relatively conservative. Some manufacturers have postponed their price increase dates, ranging from 200-500 yuan/ton. Since the peak season market is no longer, manufacturers are unlikely to continuously increase their prices. It is expected that prices will remain unchanged in the near future. 

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

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