Raw Material Consumption Gradually Consumed Nylon Filament.

According to the statistics of business associations, as of March 18th, the Jiangsu nylon filament DTY reported 15900 yuan / ton, a decrease of 666 yuan / ton compared with last week (3.11), a decrease of 2.85%, a decrease of 25.35% over the same period last year. The price of nylon POY was 13720 yuan / ton, down 280 yuan / ton, or 2%, down by 25.11% compared with that of the previous year, and the price of nylon FDY was 17250 yuan / ton, down by 583 yuan / ton, decreasing by 2%.

Crude oil prices fell sharply, and chemical products continued to fall. At the macro level, the epidemic has expanded in Europe and the United States. Many countries have adopted measures of blockade, reducing aviation and transportation, lowering the demand for crude oil, and plunged the global economy into a phased downturn. On the other hand, in March 16th, Saudi Arabian oil company (Saudi Amy) reiterated its plan to raise production to record levels. Saudi Arabia's production increased further to balance supply and demand, and crude oil exploration is still under way. Correspondingly, Sinopec adjusted the listing price of pure benzene and caprolactam at 600-700 yuan / ton, but the sale was still in the doldrums. The export price of cyclohexanone in Shandong area dropped 400 yuan / ton compared with last week, and reported 6700 to 6900 yuan / ton. Under the pressure of inventory, manufacturers had to speed up the price reduction to stimulate the transaction.

Crude oil prices dropped sharply in early March, and chemical products were miserable. Although the prices of upstream raw materials were down, some of the nylon enterprises were still in the pre order production status due to the raw materials being undigested years ago, and the factory operating rate was low. With the reduction of inventory, raw material slump will appear. This can also be seen from the comparison chart of the price trend of nylon POY and cyclohexanone. The price of cyclohexanone is more frequent near the crude oil terminal, and the price fluctuation of nylon is slower in recent years, but the fluctuation is larger.

The financial market is in a slump, and investors lack confidence in the result of the very little effect of US financial measures. The global epidemic has been effectively controlled, and production and trade are on the right track. The crude oil market is even worse. The pressure of supply increases, and prices are expected to rebound. Business analysts believe that the industry chain is still looking for a price balance, and the overall decline is expected. After the nylon manufacturers go inventory, the price decreases with the raw materials.