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SunSirs: In Early December, Polyamide FDY still fell

December 18 2019 08:44:11     SunSirs (Linda)

In early December, the prices of polyamide FDY have continued to decrease. According to the statistics of SunSirs, on December 16, polyamide DTY in Jiangsu Province was 16,700RMB/ton, down 233RMB/ton compared with the beginning of the month, down 1.38%, down 22.57% year on year; The price of polyamide POY was 14,280RMB/ton, down 400RMB/ton compared with the beginning of the month, down 2.72%, down 24.28% year on year, and the price of polyamide FDY was 17900RMB/ton, down 600RMB/ton compared with the beginning of the month, down 3.24%, down 21.57% year on year.

Product

December 1

December 16

Rate of change

Unit

Cyclohexanone

7,183

7,266

83

RMB/ton

Caprolactam

10,666

10,766

100

RMB/ton

PA6(Medium-viscosity:2.75-2.85)

12,666

12,733

67

RMB/ton

Polyamide FDY(40D/12F)

18,500

17,900

-600

RMB/ton

Polyamide DTY(70D/24F)

16,933

16,700

-233

RMB/ton

Polyamide POY(86D/24F)

14,680

14,280

-400

RMB/ton

Crude oil prices skyrocketed in early December as inventories in the US plummeted and OPEC tended to extend production cuts. Pure benzene rose sharply, up 7.74% in a week. At present, the domestic cyclohexanone manufacturers have made it clear that there are not many offers. The shipping level of the enterprises is around 7,200-7,300RMB/ton, and the inventory level is low near the end of the year. Most of them cooperate with the downstream orders for production. Most of the downstream PA6 enterprises have low inventory, firm quotation, slightly improved demand side, and most of them wait and see rationally.

Near the end of the year, most enterprises go to inventory to collect funds, and the price of polyamide FDY continues to be weak. On the one hand, due to the crude oil, the raw materials in the upper reaches are generally warmer. On the other hand, trade relations between China and the United States have eased and developed well, and market confidence has been boosted. However, as the market enters the closing period, the number of polyamide orders is limited, and the recovery of downstream demand may wait until next year, and they are cautious about raw material procurement. Therefore, the enthusiasm of raw material procurement of polyamide manufacturers has not changed rapidly.

PA6 and polyamide POY prices have a strong correlation, and the trend is basically the same. In the near future, the price of crude oil has risen, and the price of cyclohexanone and PA6 has recovered. However, in the year-end fund recovery period, the price of polyamide FDY is stable after the price reduction at the beginning of the month, and the rise still needs time.

Analysts of SunSirs believe that the market confidence is boosted by the rising crude oil market and the easing of Sino US trade relations, and the raw materials in the upper reaches of nylon are picking up. Polyamide FDY tends to be stable after being lowered at the beginning of the month. Under the condition of strong support of raw materials, it is expected to maintain stable delivery.

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

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