Nylon Filament Rose In Early June.

According to the statistics of business associations, as of June 9th, the Jiangsu nylon filament DTY reported 15800 yuan / ton, up 167 yuan / ton in June 1st, up 1.07%, down 17.85% compared with the same period last year; the price of nylon POY was 13480 yuan / ton, the price rose 580 yuan / ton, or 4.50%, down 19.47% from the same period last year, the price of nylon FDY was 16500 yuan / ton, and the price increased by 250 yuan / ton, or 1.54%, down from last year.

Supported by good news, crude oil has continued to rise. As of June 8th, WTI crude oil was quoted at 38.19 US dollars / barrel. At the OPEC+ Ministerial Conference in June, OPEC agreed to extend production for 9 million 700 thousand barrels per day for a month, until the end of 7, a record high in production. In the week of June 7th, the number of oil and gas drilling platforms in the United States decreased by 17 to 284, a decrease of 691 from the same period last year, the lowest record this year. Crude oil demand rebounded markedly. The latest data show that in May, China's crude oil imports broke the historical record. In May, China's oil imports increased by 15% compared to April, reaching 47 million 970 thousand tons.

The price of raw materials has been raised to varying degrees. As of June 9th, cyclohexanone rose 40 yuan / ton in June, caprolactam increased by 66 yuan / ton, and PA6 price rose 600 yuan / ton, or 5.18%. Last week, the operation load of cyclohexanone was relatively stable, and the spot pressure and stock pressure were not great. But the orders were slowing down and the market could continue smoothly. In May, when caprolactam was heated up and supply was tight, prices rose sharply, with a monthly increase of 16.21%. Price rise is highlighted in the first half of May, from late to early June. In early June, PA6 continued to rise. First of all, raw caprolactam was running at a premium price, and had strong support for PA6. Secondly, overseas plasticizing consumption demand increased, domestic enterprises, PA6 export situation recovered, domestic aggregate slicing factories and other demand improvements were limited, but turnover was generally in general.

From the PA6- nylon POY price trend chart, we can see that, as of 9 days, the price of PA6 continued to rise in June, and the trend of nylon POY and PA6 was similar, and the inflection point was basically the same. Recently, raw materials have dominated the trend of nylon filament. Throughout the industry, crude oil has led the younger brothers to pick up. In addition, the supply of caprolactam is tight enough to support PA6 combustion. Under the control of cost, nylon filament entered the rebound period. And with the relaxation of some foreign epidemic prevention and control, production restart, foreign consumption stimulation to increase the fire to add firewood, rising momentum or continuation.

Business analysts believe that crude oil has continued to rise, and there is a continuation of the momentum, nylon raw materials market remains generally high, strong price intention, nylon filament is also selling at the same price, some manufacturers said recently or will increase the offer, it is expected that the recent surge in nylon.