According to the statistics of the business agency, as of September 15, DTY of nylon filament in Jiangsu was 15066 yuan / ton, which was the same as that in early September, with a year-on-year decrease of 16.91%; the price of nylon POY was 12620 yuan / ton, unchanged compared with the beginning of September, with a year-on-year decrease of 19.21%; the price of nylon FDY was 15600 yuan / ton, up 100 yuan / ton compared with the beginning of September, with a year-on-year decrease of 20.00%. In the first ten days of September, WTI crude oil futures fell by 12.46%, but the performance of nylon raw materials was strong. Although entering the traditional peak season, the recovery of orders was limited, and some manufacturers raised their prices, most of them were still waiting and waiting. After all, crude oil fell sharply and the raw material rate was weak and adjusted.

In the first ten days of September, the support of pure benzene ring was strong, and the price of cyclohexanone rose slightly. However, the Luxi unit is expected to restart and the supply increase will put the price of cyclohexanone under pressure. At the beginning of September, the operating rate of caprolactam enterprises was 79%, the cost and downstream demand were improved, and the manufacturers supported the price mainly. As of September 11, the operating rate of PA6 was about 81%. In the first ten days of September, the consumption level of downstream factories was not high, the order follow-up was weak, there was resistance for merchants to ship goods, the market confidence was insufficient, there was profit making and single operation, the trading atmosphere was cold and the price was lower. Crude oil fell, the market was generally bearish, short-term price shocks are expected to weaken.

According to the data of the General Administration of Customs of China, in August 2020, China’s textile and clothing exports amounted to US $30.924 billion, down 1.18% month on month. Among them, the export volume of textiles (including textile yarn, fabrics and products) was 14.715 billion US dollars, a decrease of 7.88% on a month on month basis; the export volume of clothing (including clothing and accessories) was 16.206.6 billion US dollars, up 5.80% month on month. In August, textile and clothing exports declined, and the support of orders in the traditional peak season was not as good as that in previous years. Although some nylon enterprises raised their prices, most of them considered the possibility of raw materials falling down, so they mainly held prices and waited.

Analysts of business agency believe that the sharp drop in crude oil has dampened market confidence, raw material cost support is expected to decline, order support is limited, and the game between peak season benefit and raw material decline is expected to be dominated by short-term nylon filament price holding shipment.