Nylon Chips Could Fall Back in China
Author: Mar 01, 2012 13:19
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Nylon chips price continued to decline since last year, while it began to rebound until early December 2011. The nylon chips price increased slightly in Spring Festival, which the growth extended almost two months, such as chips price raised around 9.09%, but then the market entered into a platform of consolidation, it seemed that the rising price encountered a lot of resistance. Up to now, the market price of nylon conventional spinning chips was around 24,400-25,200 Yuan/ton in East China, and the price of nylon high-speed spinning chips was 25,300-26,000 Yuan/ton by cash. Therefore, what factors hindered the nylon chips to further progress? The details as follows:
 Firstly, the cost of raw material was weakened
The price of nylon chips increased in previous day, which it depended on the supporting function of the raw material costs. However, as the raw material price of upstream began to fall back in recent period, and the market price of CPL was soft, now the spot leading quotation of it was around 23,500-23,600 Yuan/ton in domestic market, and the leading quotation of CPL was adjusted to 2,830-2,870 dollars/ton in overseas market. Currently, the price information of CPL was stalemate, which led the nylon chips costs of the upstream uncertain, and controlled the nylon chips price in some extent.
 Secondly, the market demands were uncertain
Of course, the market price of nylon chips was affected by the downstream demands, which it was the key factors. Although the market demands rose slightly in previous period, and the price trends of textile fabrics were unsure, which made the price of nylon yarn ascended in the downstream market, the overall demands were general in the market, the demands obstacles of nylon chips market had enlarged, so that it also restricted the market price of nylon chips. In the aspect of nylon yarn, it was said that at present the nylon monofilament yarn 30D quoted 30,500-32,000 Yuan/ton by cash in the market, and the accepted quotation of nylon DTY 70D/24 was 33,000 Yuan/ton within six months, while 30D was around 38,500 Yuan/ton. Fabric market was changeable, which made the wait-and-see mood strong in the market, the purchase tended to be cautious, and the transaction was scarce in the market.
Thirdly, the nylon market was sluggish
Generally speaking, at present the nylon market was sluggish. First of all, the market prices of the upstream raw material began to rebound in recent period, and it appeared unchangeable in the raw material market. In the second, the market demands of the downstream textile fabrics were still uncertain, and the demand prospects declined substantially to further development, which it made the nylon chips factories lack of driving force, and the manufacturer should keep low profit management. In the pressure of production and marketing, and the price would be declined in the near future.
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Editor: sunny From: 168Tex.com
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