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SunSirs: Polyamide Fluctuated Upwards Slightly (June 9)
June 10 2022 10:20:10SunSirs(John)

Price trend

From the perspective of price trends, polyamide fluctuated upwards slightly on June 9. According to the price monitoring of SunSirs, as of June 9, 2022, the domestic nylon POY (premium product; 86D/24F) was quoted at 18,700 RMB/ton, an increase of 225 RMB/ton or 1.22% from previous day's price; the price of polyamide DTY (superior product; 70D/24F) was 20,820 RMB/ton, an increase of 140 RMB/ton from previous day's price; nylon FDY (superior product: 40D/12F) price was reported at 21,425 RMB/ton, an increase of 350 RMB/ton compared with previous day's price, an increase of 1.66%.

Analysis review

On June 9, the upstream raw material CPL rose strongly, the cost support was strengthened, and the offers of polyamide manufacturers followed up. The supply of goods on the market remained stable, the downstream customers were not very motivated to acquire goods, and nd most downstream customers lacked confidence in the market outlook, the overall market wait-and-see atmosphere was thickened, and the trading atmosphere was not prosperous.

Market outlook

On the whole, the cost side of nylon still supports the high market level, the downstream terminal market demand is still weak, and there is resistance to high-priced sources of goods, manufacturers are struggling to sell goods, and all parties are cautiously watching the market Analysts of SunSirs predict that in the short term, polyamide will continue to be strong in the upstream and weak in the downstream, and the overall trend will consolidate at high levels.

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