Asian Nylon Slicing Manufacturers Expect Higher Prices
Asian semi dull nylon 6 slicing manufacturers expect price growth in December to reach record levels, due to stable and stable demand for feed prices, market sources said on Wednesday.
Record prices rose by 80-120 in November 9th. dollar T / T, reaching US $2930-3000 / ton, CFR China price, data from the international chemical information advisory organization (ICIS).
This growth is based on the stable price of caprolactam feedstock, and sellers and purchasers said.
The stable demand for nylon chips is supported by the downstream nylon department in the peak manufacturing season of this month, sellers and buyers said.
The previous peak was from mid May 2010 to June.
Mid
At that time, the price reached $2880-2900 / ton, CFR China, down to $2600-2650 / ton in June, which was due to a drop in the price of the feed.
Since then, the price has climbed steadily, and the total increase has reached 12.7-13.2%.
Most of the retailers were booked in November. Most of the pactions were in the range of $2930-2970 / ton, and the average cost and freight China price was $2950 / ton, which was confirmed by sellers and purchasers.
Last Monday, about 10000 tons of Taiwan's materials were priced at US $3000 / ton, CFR China price.
The weekly sales index stands at US $3000-3050 / ton, CFR China price.
However, buyers are reluctant to comment on the December contract too soon.
Unless
The caprolactam produced enough power to rise to above 3000 US dollars / ton, at least the psychological barrier of CFR China price.
Most nylon slicing producers are still under huge cost pressure. They control the commodities in December to expect prices to rise again.
Most markets expect that once the caprolactam contract price is announced in late December, sellers will raise their prices to maintain their profits. 11
Market participants expect the gap between caprolactam and nylon to expand by 250-300 US dollars / ton to maintain production profits.
The contract price of caprolactam in November reached US $2680-2720 / ton at the final stage of consultation. The cost plus freight rate was in the Northeast Asian price, and the price was $2730-2750 / ton, the cost plus freight Northeast Asia price.
Nylon 6 is widely used in making socks, knitted garments, lines, ropes, filaments, nets and tires.
The textile sector has brought price pressures to all relevant chemical chains, including polyester and commercial PTA.
Caprolactam is an intermediate, mainly used to produce nylon 6 fiber, plastic and other polymer materials.
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