Introduction: The recent chemical fiber market seems to be full of topics. The polyester filament joint conference comes out one after another, the industrial yarn manufacturer Hailide explosion caused thunder and nylon raw material caprolactam supply is difficult to find… Stimulated by these various news, The impact is surprisingly consistent, that is, the prices of each product respond quickly and rise with the trend, and the price increase craze gradually spreads within the industry…
Polyester filament: industry conferences come and go again
It has just been quiet for two days. It is reported that polyester manufacturers gathered again today. It is said that the FDY industry meeting was held in Tongkun in the afternoon. In the morning, the mainstream quotations of polyester manufacturers were mainly stable, but some FDY products have been raised. For example, Shenghong glossy semi-gloss FDY generally rose by 100-200 yuan/ton; Yuanzheng semi-gloss FDY with fine denier below 75D rose by 50 yuan/ton. tons… Although the spirit of the meeting has not leaked out as of the time of writing this article, according to the previous “routine”, the general rise of polyester yarn manufacturers the next day is almost unstoppable. (We’ll see tomorrow for the specific price increase~)
Just this Monday (November 21), after the POY4+2 industry conference was held, the production and sales of polyester factories picked up instantly, and downstream stocking was active. The average production and sales were around 150%, and the production and sales of several large direct spinning factories even reached 200%-300. %.
Although the downstream has become resistant to high-priced raw materials, the current operating rate of looms is still at a high level. In any case, weaving manufacturers still have a strong demand for raw materials. Coupled with the stimulation of conference news one after another, downstream buyers are buying or not buying. The purchasing mentality of falling prices is constantly being driven.
As for polyester manufacturers, they have firmly grasped their advantage of low inventory, raised prices at will, and continued to expand the profit margins of each product. Moreover, the entire lining fabric market has seen a significant recovery in recent times. Both domestic demand and foreign trade orders have shown different forms of increased volume. Polyester manufacturers have no reason not to seize this opportunity. Therefore, in the short term, it is a high probability event that polyester filament prices will remain high and fluctuate.
Comparison of price trends of polyester raw materials
Polyester industrial yarn: unexpected events ignite confidence in price increases
At 13:25 pm on November 22, the Jiaxing Fire Brigade Haining Branch Command Center received an alarm: the boiler of Hailide New Materials Co., Ltd., Maqiao Street, Haining City exploded. As soon as the news came out, Hailide’s stock fell sharply on the afternoon of the 22nd! In order to avoid abnormal fluctuations in stock prices, Hailide will suspend trading from the 23rd.
As a well-known leading industrial yarn company in China, its industrial yarn production capacity reaches 190,000 tons, and its automotive yarn products are in a leading position at home and abroad. The impact of this explosion accident on Hailide and the entire industrial yarn market cannot be underestimated. As soon as the news came out, it immediately broke the dull atmosphere of industrial yarn, and most manufacturers raised their prices.
On the afternoon of the 22nd, the price of Zhejiang ancient fiber road industrial yarn products increased by 200 yuan/ton; on the 23rd, the ancient fiber road industrial yarn increased again by 200 yuan/ton; Hengli industrial yarn generally increased by 500 yuan/ton; Hangzhou Huachun industrial yarn generally increased Increased by 400 yuan/ton.
Since October, the price of industrial yarn has been rising steadily driven by costs. However, compared with the wave of price increases of polyester consumer yarn, the increase in industrial yarn is a bit gentle. Stimulated by this unexpected incident, industrial yarn has experienced a long-awaited surge.
Generally speaking, the market for polyester industrial yarn is relatively stable this year, and ups and downs are rare. From the financial reports of several major domestic manufacturers, it is not difficult to find that the profits of industrial yarn manufacturers have increased to varying degrees this year.
The impact of the Hailide explosion on Hailide itself is currently incalculable, but it has become an opportunity for price increases for the entire industrial yarn market. Recently, the price of polyester raw materials, whether PTA or MEG, has increased significantly, and industrial yarns are also facing greater cost pressure. Manufacturers have always wanted to increase but cannot. The Hailide accident gave industrial yarn manufacturers a legitimate reason to increase prices.
Nylon: The supply of raw material caprolactam is difficult to find, and the price of conventional spun chips continues to increase
Let’s first look at a price increase notice: Changchun Chemical-Nylon raw materials increased by 1,000 yuan/ton.
On the morning of November 10, eight nylon companies held a meeting in Fujian. All parties participating in the meeting conducted an in-depth discussion and analysis of the market conditions: with the tight supply of caprolactam, rising prices, changes in the RMB exchange rate, and firm US dollar prices. Based on the pressure on raw materials and promoting the healthy development of the industry, eight nylon companies have a consistent upward trend.
After the meeting, the prices of various varieties of nylon continued to rise:
After November, caprolactam was in tight supply, and the market focus continued to rise: Sinopec raised the listing price of caprolactam twice, with a cumulative increase of 500 yuan/ton, and the listing price of pure benzene was raised once by 100 yuan/ton, and the price of slices increased and most The rise in commodity prices has stimulated the willingness of caprolactam factories to increase. In just one week, the cumulative price of caprolactam liquid private enterprises has increased to 500 yuan/ton, an increase of 4.55%.
The rapid rise in upstream costs and prices has further shrunk the production profits of slicing manufacturers, and factories have begun to choose to take orders cautiously, which has led to the phenomenon of closing orders. It is precisely this behavior of the factory that further aggravates the bullish atmosphere in the market. Traders who had stocked up in the early stage followed closely behind and waited for the market to rise. Up to now, the shipping price of conventional spinning chips has moved towards 13,300 yuan/ton or even higher.
It is currently understood that most PA6 conventional spinning companies are oversold until the end of this month, and even some companies have been oversold until the middle or early next month. As a result, the tight supply situation of companies will be difficult to alleviate in the short term. Although dealers have goods, they are unable to sell them, and it is difficult to alleviate the current tight situation. From the demand side, the current market demand still exists, so until the tight supply situation is not significantly alleviated, it is still difficult for prices to rise. fall.
Postscript: Driven by various factors such as the recent depreciation of the RMB, the increase in market hot money, and the increase in export advantages, most commodity markets have begun to rebound strongly this year, with products ranging from upstream chemicals to downstream related products rising to varying degrees.
The chemical fiber market is also constantly changing. Finally, I just want to secretly ask, whether you are making polyester filament, nylon filament or other products, have the raw material companies sent you a notification letter at this stage? How much has it increased? Let’s chat together!
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