Raw Material Prices Will Be Raised In July.

According to the price monitoring of business, Jiangsu nylon filament continued to decline in June. As of June 29th, the price of nylon POY was 15440 yuan / ton, down 8.75% from the beginning of June, down 27.17% from the same period last year. The price of nylon FDY was 20100 yuan / ton, down 4.74% from the beginning of June, down 17.96% from the same period last year. The price of nylon DTY was 17967 yuan / ton, down 8.64% from the beginning of June, decreasing by 25.39% over the same period last year.

In June, the nylon market continued to slump and prices were low. Traders said that this year the market is bad. Some manufacturers expect that the market will continue to be weak at the beginning of the price cut. Since April, the price of nylon has fallen sharply, falling at 13%-16% due to the collapse of crude oil, the lack of cost support and the weakening of orders. Crude oil rebounded this month, coupled with a signal that the Sino US trade situation is likely to grow better. At the end of the month, factory prices remained stable and rebounded. Sinopec announced that the price of caprolactam in July was 12000 yuan / ton, up 250 yuan / ton compared with June settlement price. The price forecast of nylon manufacturers will increase and encourage downstream purchasing.

Business analysts believe that as of the end of June, the raw material support of nylon market was insufficient, and the downstream orders were dismal. Prices continue to go down. Sino US trade is developing well and raw material prices are rising. It is expected that nylon prices will recover slightly in July.