SunSirs: Polyamide POY Market Fluctuated Upward (May 30)
May 31 2022 09:31:31 SunSirs (John)Price trend
From the perspective of price trends, as of May 30, 2022, the domestic polyamide POY (premium product; 86D/24F) was quoted at 18,250 RMB/ton, an increase of 400 RMB/ton or 2.38% compared with the price at the end of last week, and an increase of 1,125 RMB/ton from the beginning of the month, a monthly increase of 6.57%.
Analysis review
On May 30, the cost rose, the polyamide POY market fluctuated upward, and the quotations of manufacturers in Jiangsu increased by 300-500 RMB/ton. The supply of goods was sufficient, the inventory was accumulated, and the downstream terminal market was always in general demand, buying on demand, the overall market wait-and-see atmosphere thickened, the trading atmosphere was not prosperous, and most downstream customers lacked confidence in the market outlook, the market continued the strong supply and weak demand market.
Market outlook
The cost side of polyamide still supports the high market, the supply of goods is sufficient, and there is not much positive feedback on the demand side. Analysts of SunSirs predict that in the short term, polyamide filament will continue to be strong in supply and weak in demand, and the overall trend will consolidate at high levels.
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