In just half a month, the price of nylon yarn has increased by 500 yuan/ton. The current nylon POY is reported at 16,850 yuan/ton, a new high this year!
However, according to textile bosses, the recent sales of nylon products have been unsatisfactory, and in the end, the cost side has single-handedly driven up the price of nylon yarns.
Crude oil drives up benzene prices
Saudi Arabia further extended an additional production cut of 1 million barrels per day until December, and Russia also extended an export cut of 300,000 barrels per day until December. The positive support brought by the crude oil production reduction continued to have an impact, and crude oil prices rose.
The price of pure benzene has risen sharply under the favorable influence of low port inventory and increased demand for new downstream production capacity. The current price of pure benzene is 8,830 yuan/ton, a difference of nearly 1,000 yuan/ton from the price in early September.
Pure benzene drives caprolactam to rise
Naturally, the biggest impact on the increase in pure benzene prices is caprolactam. In terms of caprolactam supply, the supply of caprolactam declined in mid-to-early September due to the intensive short-term maintenance of equipment. The reduction in inventories further intensified the increase in caprolactam prices.
At present, the price of caprolactam has risen to a new high price this year, with the quotation at 13,500 yuan/ton, an increase of 700 yuan/ton compared with the beginning of the month. In the future, there is still room for growth, but most of it is stable.
Caprolactam drives the rise of nylon
Finally, due to rising costs, it is impossible for nylon yarn not to rise. Even if the demand is not very good, it cannot stop the cost from rising so sharply.
At present, the price of nylon yarn is at the highest level during the year, with POY reported at 16,850 yuan/ton, DTY reported at 19,000 yuan/ton, and FDY reported at 17,700 yuan/ton.
The demand for nylon fabrics is limited. Assuming that cost demand increases at the same time, it is believed that the price of nylon yarn will continue to rise. Although the demand is not good, it does not mean that there is no demand. Nylon yarn products are originally autumn and winter down jacket fabrics, and there was a huge demand at the end of August. Although the current demand is not as good as the previous period, there are still orders for this type of fabric. In addition, textile bosses are anxious to ship goods recently, which can actually increase the price of nylon yarn.
If the manufacturer doesn’t pay the bill, the price increase will be in vain.
Although the demand for nylon fabrics is still there, textile bosses are definitely not happy to produce low-priced gray fabrics at such a high price. Therefore, unless it is a very urgent order, many textile bosses will not Blindly buy high-priced raw materials.
According to the startup rate of sample enterprises monitored by Silkdu.com, although the startup rate of local enterprises is currently increasing, the speed is very slow. It is already mid-September. According to the startup situation that should be seen in the peak season, it is still at a low level. This also shows that the actual demand is not very good, and weaving manufacturers will not stock up in advance. If there are no orders, they are now more afraid of inventory.
From a cost perspective, upstream prices continue to rise, and cost support is good. However, from the demand side, although it is present, it is not enough. It is difficult for demand to support the continued rise in nylon yarn prices for a long time. Downstream manufacturers do not buy it, making it difficult for prices to rise. In the short term, there may be a rebound with the strong support of crude oil. , but the demand is very realistic, and it may continue to operate stably in the future.
The rise in nylon yarn prices is inseparable from demand and cost, and any lack of support from either side will become an obstacle to continued rise.
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