Nylon Filament Prices Fell More Than 4% In November, Continuing To Brush New Lows In Recent Years.

Towards the end of November, review the market performance of nylon filament this month. According to the statistics of business community, as of November 28th, the DTY of nylon filament in Jiangsu area was 17100 yuan / ton, compared with the beginning of the month, it dropped by 733 yuan / ton, or 4.11%, down 27.48% compared with the same period last year. The price of nylon POY was 14780 yuan / ton, compared with the beginning of the month, it fell 640 yuan / ton, or 4.15%, down 28.11% compared with the same period last year, and the price of nylon FDY was 18667 yuan / ton, which dropped by 800 yuan / ton compared with the beginning of the month. It is the lowest price in mid November 2016.

In November, the prices of raw materials in the upstream of nylon were generally down. Cyclohexanone dropped by 7.17%, caprolactam fell by 5.41%, and PA6 dropped by 6.17%. Due to poor market, the domestic manufacturers of cyclohexanone lowered the price, making it clear that the offer is not strong. The inventory level of cyclohexanone is low, and most of them are produced by downstream demand. The intention of the downstream solvent tends to be near the low end. The supply of goods is generally low and the optimism is not enough. Caprolactam liquid East China market mainstream mainstream single negotiable price market continues to weaken, caprolactam business quotation depression, market discussion center of gravity is low. The market needs to buy mainly, and the market atmosphere is light. Domestic PA6 spot supply is expanding, downstream industry performance decline, weak demand. The order of nylon filament manufacturers did not get much warmer. At the end of the year, manufacturers went back to stock and returned funds. With the reduction of raw material prices, the factory price of the silk fell down, and the price of nylon was led by cost.

Textile industry exports are weaker than in previous years. In October, China's textile and clothing exports amounted to US $22 billion 868 million, down 6.74%, down 1.67% from the same period last year. Exports of clothing (including clothing and accessories) were $12 billion 712 million 900 thousand, down 5.92% from the same period last year. In 2019 1-10, the total export volume of textiles and clothing in China was 224 billion 815 million US dollars, down 2.64% from the same period last year. The total export volume of textiles was 99 billion 310 million 300 thousand US dollars, up 0.33% over the same period last year. The total export volume of garments was 125 billion 504 million 700 thousand US dollars, down 4.86% from the same period last year. With the recent ups and downs of Sino US trade negotiations, it is still unknown whether the agreement can be signed this year.

From the price chart of nylon POY and PA6, in the past two months, the decline of PA6 and nylon filament is difficult to catch up, and the downstream demand is difficult to pick up.

Business analysts believe that by the end of the year, producers tend to go to stock and generally reduce their prices. On the other hand, the market is worried that Sino US agreement is not reached in the current year, and nylon prices continue to record low.