As the saying goes, “If you don’t die in silence, you will explode in silence.” No, the nylon market, which has been silent for more than half a month, has finally exploded. This morning in the editor’s circle of friends, a nylon manufacturer said, “The price has increased again. The market was closed early in the morning and I can’t take orders today!” Later, the editor asked several manufacturers and they all said that the price had indeed increased. Some said that the price had been increased by about 500 yuan/ton, and some said that the listed price had increased by 300 yuan/ton. The actual transaction volume increased by 100~200 yuan/ton. Although the increase was not as exaggerated as the closing price, it finally broke the long-calm market!
Two major bullish factors: Upstream raw materials are rising! Nylon spinning manufacturers have low inventory!
In terms of upstream raw materials, caprolactam has continued its upward trend since mid-May, rising from 11,000 yuan/ton to 13,400 yuan/ton, an increase of nearly 22%. The reason is simply that the caprolactam unit operating rate is low, resulting in tight supply and Caused by this, coupled with the fact that many devices were under maintenance from May to June, it is also one of the reasons for the continuous decline in inventory.
On the other hand, the lack of inventory in the spinning market is another reason for the price increase. According to Mr. Jiang of Jinjiang Nylon, there is currently very little inventory in nylon spinning factories, and most varieties are still out of stock. Speaking of this, the editor can’t help but “complain” about the strange situation that the off-season is not slow but the best-selling varieties are frequently available. It is said that June and July are the traditional off-seasons for the textile market, but there is no atmosphere of slowing down. Coupled with the fact that 110,000 water-jet looms are expected to be phased out in Shengze and Jiaxing areas within three years, this unusual market will become even more intense.
Fabrics made of nylon as raw materials, such as nylon pure fabrics such as nylon and Taslon, as well as nylon blended interwoven fabrics such as viscose gabardine, nylon serge, nylon plain weave, etc., although they are not as durable as pongee and polyester taffeta Hot, but the trend is better than the same period. It can be said that the entire downstream terminal fabric market has driven a wave of rise in the nylon market!
New production capacity continues to be released. How long can the current market continue?
It is understood that from the supply situation, 30-50 tons of new production capacity are expected from July to August, and the new production capacity of nylon 6 chips is also expected to be around 390,000 tons. By then, the market supply will increase significantly, which will undoubtedly have a positive impact on the market. The nylon industry chain is a major negative factor. To sum up, even if there is support from the “weird” market, it is an indisputable fact that the supply is greater than the increase in demand. This wave of price increases for nylon will not last long.
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