By The Upstream And Downstream Suppress &Nbsp; Nylon Slicing Price Downturn.

Since April,

1. The upstream caprolactam market is weakening.

Upper reaches

It is reported that the market price of caprolactam at the end of March, the East China market started the paction price in the vicinity of 29000 yuan / ton, and by the middle of April, the actual paction price fell to 28000 yuan / ton, and the price fell by nearly 1000 yuan in half a month.

Manufacturers, Shijiazhuang refining and Baling Branch contract price from 29200 yuan / ton, down 500 yuan, to 28500 yuan / ton.

In the external market, the Eastern European goods offer at the end of March was between $3600-3630 / ton, and the paction price was below US $3600 or below. Until now, the market price has dropped to 3400-3450 US dollars / ton, and the actual paction price has fallen to 3350-3400 US dollars / ton, reaching a decrease of more than 200 US dollars.

Two, downstream demand weakened to suppress nylon chip prices

Of course, the key to the weakening of the nylon slicing market is that its market demand has not been enlarged, and the market demand has not flourishing with the season. The factory operating rate of downstream factories has been cautious, and the market demand is not enough to keep the price of the nylon slicing market in a certain way, which makes the high price buffer.

The recent nylon silk market price performance is weak, the product fall in the range of 500 yuan / ton; some products market demand is weak, the market wait-and-see atmosphere is thicker, downstream purchasing cautious, a small amount of replenishment is mainly, factory and supplier inventory has risen earlier.

Judging from the price of nylon products, since April, the price of semi gloss 70D/24F market has dropped from 36500 yuan to 36000 yuan / ton three from June to June, and half light 40D/12F has fallen from 39500 yuan / ton to 38500-39000 yuan / ton. On DTY, the price of high-end semi optical 70D/24F has been reduced to 39000 yuan / ton to 38500 yuan / ton.

Three. Monetary policy tightening.

Since 2011, the deposit reserve ratio has been on the trend of January 1, and the tightening of market monetary policy has had a negative impact on the market of nylon chips to a certain extent.

In April 17th, the people's Bank of China decided to increase the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from April 21, 2011, and the deposit reserve rate reached a new high again. The deposit reserve ratio of large banks was as high as 20.5%.

Shortly before this month, the people's Bank of China decided to raise the benchmark interest rate for Renminbi deposits and loans of financial institutions since April 6, 2011. The benchmark interest rates for the one-year lending and lending rates of financial institutions were increased by 0.25 percentage points respectively, and the other benchmark rates of interest rates for deposits and loans and personal housing provident fund loan rates were adjusted accordingly. After adjustment, the one-year deposit interest rate reached 3.25% and the one-year loan interest rate reached 6.31%.

In addition, the factory inventory of nylon chips has increased considerably recently.

Taking all these factors into consideration, I think it is difficult to find out the predicament of nylon chips in the short run.

Since April, the market of nylon chips has not continued the high price trend brought about by the tight supply of goods in March. However, under the drag of the upstream market and the weakening of downstream demand, the price of its products has dropped significantly, and the overall market atmosphere is heavier.

1. The upstream caprolactam market is weakening.

The loosening of upstream raw material prices will inevitably drive the trend of downstream market prices.

Judging from the market of caprolactam in the upstream of nylon chips, the market price of caprolactam is weak due to the weakening of crude oil prices. The low price of caprolactam market has driven the price of nylon slicing market to a certain extent.

It is reported that the market price of caprolactam at the end of March, the East China market started the paction price in the vicinity of 29000 yuan / ton, and by the middle of April, the actual paction price fell to 28000 yuan / ton, and the price fell by nearly 1000 yuan in half a month.

Manufacturers, Shijiazhuang refining and Baling Branch contract price from 29200 yuan / ton, down 500 yuan, to 28500 yuan / ton.

In the external market, the Eastern European goods offer at the end of March was between $3600-3630 / ton, and the paction price was below US $3600 or below. Until now, the market price has dropped to 3400-3450 US dollars / ton, and the actual paction price has fallen to 3350-3400 US dollars / ton, reaching a decrease of more than 200 US dollars.

Two, downstream demand weakened to suppress nylon chip prices

Of course, the key to the weakening of the nylon slicing market is that its market demand has not been enlarged, and the market demand has not flourishing with the season. The factory operating rate of downstream factories has been cautious, and the market demand is not enough to keep the price of the nylon slicing market in a certain way, which makes the high price buffer.

The recent nylon silk market price performance is weak, the product fall in the range of 500 yuan / ton; some products market demand is weak, the market wait-and-see atmosphere is thicker, downstream purchasing cautious, a small amount of replenishment is mainly, factory and supplier inventory has risen earlier.

Judging from the price of nylon products, since April, the price of semi gloss 70D/24F market has dropped from 36500 yuan to 36000 yuan / ton three from June to June, and half light 40D/12F has fallen from 39500 yuan / ton to 38500-39000 yuan / ton. On DTY, the price of high-end semi optical 70D/24F has been reduced to 39000 yuan / ton to 38500 yuan / ton.

Three. Monetary policy tightening.

Since 2011, the deposit reserve ratio has been on the trend of January 1, and the tightening of market monetary policy has had a negative impact on the market of nylon chips to a certain extent.

In April 17th, the people's Bank of China decided to increase the deposit reserve ratio of deposit financial institutions by 0.5 percentage points from April 21, 2011, and the deposit reserve rate reached a new high again. The deposit reserve ratio of large banks was as high as 20.5%.

Shortly before this month, the people's Bank of China decided to raise the benchmark interest rate for Renminbi deposits and loans of financial institutions since April 6, 2011. The benchmark interest rates for the one-year lending and lending rates of financial institutions were increased by 0.25 percentage points respectively, and the other benchmark rates of interest rates for deposits and loans and personal housing provident fund loan rates were adjusted accordingly. After adjustment, the one-year deposit interest rate reached 3.25% and the one-year loan interest rate reached 6.31%.

In addition, the factory inventory of nylon chips has increased considerably recently.

Taking all these factors into consideration, I think it is difficult to find out the predicament of nylon chips in the short run.