Nylon Yarn Market Mingled Hope and Fear
Author: Sep 27, 2011 11:06
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168tex News: Looking back on nylon yarn price this year, it can be generally divided into three stages. The first stage is after the Spring Festival, both its upstream and downstream market is flourishing, with its feedstock price of CPL, nylon chips and etc steadily goes up, creating new peaks for several times, strongly boosting nylon yarn price up. The second period is when it comes into June, with the curb of upstream market weakens and downstream demand reduces, nylon yarn price had kicked the bottom of the year. The third period is when downstream demand recovered, now nylon yarn price gradually bounce back. As for FDY, semi-bright 70D/24F price is offered at 33300-34000CNY/t, 40D/12F is offered at 36000-37000CNY/t. As for DTY, semi-bright 70D/24F different grades are offered in the range of 34400-36700CNY/t, and for POY, 86D/24F is mostly offered at 32000-33500CNY/t.
What reason on earth that caused nylon yarn price steadily up? Counting on the overall factors, I think the reasons are as follows:
 1. Upstream feedstock price keeps unchanged.
See from upstream feedstock market, the previous feedstock CPL has lowered down to $3100-3130/t, afterwards, the price has risen to $3500-3520/t, increase amount is near $400, which is about 12.78%. See from China spots, the main strike price is around 28000-28200CNY/t, while in 2011, the bottom price 25500-25800CNY/t, it increased by 9.8%. When the market sources estimate that CPL price will continue rebound to a stable level, it is curbed by a price drop of the bulk commodity. CPL price come into stalemate.
See from eastern China market, conventional spinning nylon chips strike price is as low as 26500-27000CNY/t in the beginning of June. And after the up regulate, the price is stably around 29100-29700CNY/t. Jiangzhe high speed spinning nylon chips price is maintained around 30400-31000CNY/t, while the price in Shandong province is relative low, which is around 29800-30000CNY/t for cash take. Upstream feedstock price keeps unchanged, which forms a curb to the nylon yarn market to some extent.
2. Seasonal factor boost downstream fabric needs
Autumn and winter fabric sale has stepped into its busy season in September, which is well known as “slack June, transform August and busy September” vividly described fabric market situation. See from nylon fabric sale, by September, downstream demand has been notably enlarged, with an active market turn over. Nylon taffeta, taslon, N/T fabric demand is enlarged with the increasing demand of autumn and winter garments. As is known that, recently, nylon taffeta series fabric sales well in Shengze market. Among which, the conventional 3000T dull nylon taffeta is the best seller. Now its greige price is around 5.19CNY/t,and it is expected to rise after market. Currently, nylon product price is firm that supported nylon yarn price to some extent.
 3. Nylon yarn situation is mingled with hope and fear
There is still some spread, comparing with the price in the beginning of the year. But in compare with the previous low ebb stage and the same period last year, the price has increased by a large margin. Generally speaking, although the downstream nylon fabric demand enlarged, upstream feedstock price consolidate, in addition with the outer market becomes worse and worse, nylon yarn market is impossibly to recover to the prosperous situation at the beginning of the year and the recent dead calm situation making it unpredictable, mingling with both hope and fear.
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Editor: Candy From: 168Tex.com
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