2011年6月2日星期四

cautious about the market outlook nylon filament

Recently, the downstream business of nylon filament weaving procurement remained cautious, lack of new orders, but prices did not allow loose nylon filament, which still maintained a strong market conditions. FDY, at present, East China market, the market price of nylon half-light FDY70D/24F maintained at 36,500 yuan / ton acceptance; nylon matting FDY70D/24F market price remained at 37,500 yuan / ton acceptance; nylon half-light FDY40D/12F maintain the market price 39500-40000 yuan / ton acceptance; POY, the nylon POY85D/24F March-June price of keeping 36,000 yuan acceptance / t, cash price on this basis there is 500-1000 yuan / ton range of benefits.
    Nylon from the recent market performance, the author of the cautious market outlook, the following specific we analyze the following aspects:
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    First, the cost of raw materials remained high. Recent crude oil prices as investors worried about impact on the Middle East feel, high and volatile international oil prices has been in the state. To 29 at the close of the New York Mercantile Exchange, light sweet crude for May delivery futures rose 81 cents to settle at $ 104.79 a barrel. London, May Brent crude futures rose 36 cents to close at $ 115.16 a barrel. The U.S. drive the spot market and stability of caprolactam to discuss price of $ 3,600 / ton, the general situation of buyer inquiries. RMB stable spot market, spot prices in the mainstream 28900-29100 yuan / ton, due to raw material price adjustment, caprolactam supply tight, prices remain strong. Lower chip prices remained stable, Jiangsu nylon conventional spinning chip 30200-30500 yuan / ton, high-speed spinning chip 30500-30800 yuan / ton.
    Secondly, from the supply side. U.S. Sibang Xiaoshan 70,000 tons of nylon half light of a new polymer will be delayed until after mid-April to consider driving, and early April Shijiazhuang Chemical Fiber Plant a bright 2.5 million tons of nylon polymer modified repair device chips, the time in the fifth days. The maintenance plan, the project will be postponed to a certain extent, affected the supply of nylon market, the market is slightly tight overall supply.

    Finally, the demand side. Although March is the downstream production and marketing of gold weaving enterprises season, but take the amount from the current market view, the demand for polyester fabrics is much greater than the nylon fabric; the other hand, due to power rationing in Jiangsu and Zhejiang the normal start of the enterprise, which also suppressed the silk weaving factory on the demand for nylon; In addition, the appreciation of the RMB again faced the possibility of foreign trade enterprises which orders have had a great impact. Downstream weaving factory which will no doubt pressure transmission to the upper reaches of nylon market. Understanding of the market from the Jiangsu and Zhejiang's situation, although now many prices are still strong nylon production enterprises, and that would later insist, however, received the news from the fabric manufacturers, some manufacturers have nylon intention to price sales. 
    The author believes that the above points, in the current market conditions, due to higher prices of caprolactam, nylon lower the cost of the factory pressure, but is now generally under-nylon manufacturer, coupled with various types of raw materials, equipment maintenance, and the prevailing prices market driven, nylon filament is unlikely that short-term decline, it should be or as strong market-based.

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