The most indispensable topic in the chemical fiber market this year is price increases. Polyester, nylon, and spandex are rising in turn. Not long after the last wave of price increases subsided, the market has begun to move again in the past two days…
A major nylon raw material manufacturer issued a price increase letter, and PA6 increased by 1,000 yuan/ton
A few days ago, a major nylon raw material manufacturer issued another price increase notice:
▲The notice stated: After October 1, the unit price of BASF’s PA6 products will increase by US$150/ton (about 1,000 yuan/ton), and the unit price of PA66 products will increase by US$300/ton (about 2,000 yuan/ton); the unit price of Asahi Kasei’s 1300S grade PA66 resin will increase 2,000 yuan/ton.
PA6 is the main raw material for nylon civilian yarn. In September, PA6 was strongly driven up by the price of the upstream raw material caprolactam. According to statistics, in less than one month, the price of raw material caprolactam has soared by 2,350 yuan/ton, an increase of 17.6%; the price of PA6 has increased by 1,300 yuan/ton, an increase of 8.1%. The rise in raw materials has also led to an increase in the price of nylon yarn. As of September 26, the price of nylon yarn FDY70D/24F was 21,900 yuan/ton, an increase of 1,100 yuan/ton compared to the end of last month.
▲ Nylon yarn suppliers frequently issue notices of price increases, with prices rising five times in a row within the month!
Due to restrictions on raw materials, the operation of some domestic caprolactam manufacturers has dropped sharply, and market supply has tightened. It is reported that after October, the Xuyang device in Cangzhou, Hebei was upgraded and 200,000 tons of Nanjing Dongfang first line was stopped for maintenance; coupled with the restrictions on the logistics and transportation end during the “19th National Congress” and the “peak season” order support, under the influence of multiple factors, both Caprolactam, nylon chips or nylon yarn will still have high price increase expectations.
Pure MDI, the raw material for spandex, has a high fever, and its price soared by more than 8,000 yuan/ton within the month!
If the price of caprolactam, the raw material for nylon, has skyrocketed, by comparison, the price of pure MDI, the raw material for spandex, can be said to have skyrocketed. In just over 20 days, the price of pure MDI has soared by 8,100 yuan, an increase of 33.9%.
It is reported that the current quotation of East China Wanhua’s supply is around 35,000-36,000 yuan/ton; the quotation of Covestro’s supply is around 35,000-36,000 yuan/ton; the quotation of Japanese supply is around 36,000 yuan/ton. Currently, factory supply is tight, middlemen have difficulty getting goods, and the offer price remains high.
In September, driven by the sharp increase in pure MDI prices, spandex prices soared. However, since most spandex manufacturers have raised their prices many times in August, manufacturers in September have adjusted their prices accordingly according to the raw materials. Although not as strong as the increase in August, spandex has still increased by more than a thousand yuan in September. .
Crude oil costs are making waves again, and cost support is gradually emerging
Although the impact of crude oil on the chemical fiber market has weakened in recent times, it is undeniable that crude oil has been rising silently and sharply since September. As of the close on September 26, New York crude oil November futures closed at 51.88 yuan/barrel; Brent November futures closed at 58.44 yuan/barrel, prices increased by 4.56 and 6.06 US dollars/barrel respectively compared with the end of August. 9.6%, 11.6%.
As the initial source of the chemical fiber market, crude oil’s sharp rise will naturally bring greater cost support to the downstream market. As the initial source of the chemical fiber market, crude oil’s sharp rise will naturally drive prices in the downstream market to rebound.
The chemical fiber industry chain is on a strong upward trend, how will the market outlook for polyester filament be performed?
Both nylon and spandex experienced strong rising prices in September. As an important member of the chemical fiber sector, polyester filament seemed to have a somewhat unhappy September.
In September, polyester filament yarns were able to continue the upward trend in August at the beginning of the month. However, after entering the middle of the year, as production and sales continued to be light, the resistance to rising polyester yarn prices became greater and greater. It can be said that the entire September was in a stalemate.
Prices remain stagnant and inventories of polyester manufacturers continue to accumulate. As the end of the month approaches, polyester manufacturers can no longer sit still. On September 25, the POY4+2 meeting was held. Polyester manufacturers increased their discount promotions. Under the influence of the alliance meeting and pre-holiday stocking mentality, polyester production and sales finally ushered in a “big turnaround” after being in the doldrums for nearly 20 days. Production and sales rebounded to around 220% on the 26th, but this wave of stocking was not sustainable, and the overall market production and sales did not level off the next day.
The editor has something to say:
According to convention, the trading atmosphere in the polyester market will pick up before the National Day, and downstream orders will be further released after the National Day. However, there are too many uncertainties in the market this year, and the boundaries between the off-season and the peak season have become blurred. . But what we can be sure of is that the market environment is now developing for the better. Driven by the combination of demand and cost, nylon and spandex are rising. So whether the big brother “polyester filament” as a bulk textile raw material will rise, you It depends!
</p
