Nylon: Stuck in a quagmire, unable to extricate yourself?

I still remember last year's PA mark.

Upstream:

Variety	March	April	ups and downs	unit
Acrylonitrile	12400	14250	1850	RMB / ton
Adipic acid	9080	8200	-880	RMB / ton

Variety

March

April

ups and downs

unit

Acrylonitrile

12400

14250

1850

RMB / ton

Adipic acid

9080

8200

-880

RMB / ton

Variety

March

April

ups and downs

unit

Variety

Variety

Variety

March

March

March

April

April

April

ups and downs

ups and downs

ups and downs

unit

unit

unit

Acrylonitrile

12400

14250

1850

RMB / ton

Acrylonitrile

Acrylonitrile

Acrylonitrile

12400

12400

12400

14250

14250

14250

1850

1850

1850

RMB / ton

RMB / ton

Yuan / ton Yuan // ton ton _

Adipic acid

9080

8200

-880

RMB / ton

Adipic acid

Adipic acid

Adipic acid

9080

9080

9080

8200

8200

8200

-880

-880

-880

RMB / ton

RMB / ton

Yuan / ton Yuan // ton ton _

Table 1: Upstream raw material change table

From Table 1, it can be seen that the current price of acrylonitrile is high, and with the continuous increase in the price of external disks, there is still a certain upward space for acrylonitrile in the market outlo.

There is overcapacity of adipic acid, and domestic adipic acid production capacity continues to gr.

Supply side:

name	Device dynamics
Liaoyang Xingjia	Device shutdown for maintenance
Shenma Industry	70 % of the 175,000 tons / year plant started
Wenzhou Huafeng	80,000 tons / year plant starts 80 %
Jiangsu Huayang	50 % of the 20,000 tons / year plant started

Name Device Dynamics Liaoyang Xingjia Device Shutdown and Overhaul Shenma Industrial 175,000 tons / year device started 70 % Wenzhou Huafeng 80,000 tons / year device started 80 % Jiangsu Huayang 20,000 tons / year device started 50 % Name Device Dynamic Name Device Dynamics Device Dynamics Liaoyang Xingjia Device Shutdown and Overhaul _ _ _ _ _ _ _ _ _ _ _ _ 70 % of the 10,000- ton / year plant starts175,000 tons / year plant started operation 77 % Wenzhou Huafeng 80,000 tons / year plant started 80 % Wenzhou Huafeng Wenzhou Huafeng 80,000 tons / year plant started 80 % 80,000 tons / year plant started8 80,000 tons / year plant started operation 88 % Jiangsu Huayang 20,000 tons / year plant started 50 % Jiangsu Huayang Jiangsu Huayang 20,000 tons / year plant started 50 % 20,000 tons / year plant started 50 % to 20,000 tons// The annual installation starts 550 % of the annual installation

Table 2: Dynamics of some enterprise installations

Petrochemical: Although there is only one parking company at present, the operating rate of the company is generally only about 60-70% from TableIn addition, affected by the current reduction in value-added tax, the price focus of some brands may continue to move downwa.

Demand side:

Variety	grade	Origin / Manufacturer	March	April	ups and downs	unit
PA66	1300G	Asahi Kasei	32500	31500	-1000	RMB / ton
PA66	EPR27	Pingdingshan horse	33000	30000	-3000	RMB / ton
PA66	EP158	Zhejiang Huafeng	34500	30500	-4000	RMB / ton
PA66	101L	DowDuPont	46800	43000	-3800	RMB / ton

Variety brandplace of origin / manufacturer March and April change unit PA66 1300G Japan Asahi Kasei 32500 31500 -1000 yuan / ton _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ DowDuPont 46800 43000 -3800 yuan / ton variety and brand origin / manufacturer March AprilUps and downs Units Varieties Brands Places of Origin / Manufacturers of Origin / Manufacturers of Origin / / Manufacturers March March April April Ups and downs Changes Units PA66 1300G Japan Asahi Kasei 32500 31500 -1000 yuan / ton PA66 PA66 1300G 1300G Japan Asahi Kasei Japan Asahi Kasei 32500 32500 31500 31500 -1000 -1000 yuan / ton yuan / ton yuan/ / ton ton PA66 EPR27 Pingdingshan Shenma 33000 30000 -3000 yuan / ton PA66 PA66 EPR27 EPR27 Pingdingshan Shenma 33000 33000 30000 30000 -3000 -3000 yuan / ton yuan / ton yuan / / ton PA66 EP158 Zhejiang Huafeng 34500 30500 -4000 yuan / ton PA66 PA66 EP158 EP158 Zhejiang Huafeng Zhejiang Huafeng 3450034500 30500 30500 -4000 -4000 Yuan / ton Yuan / ton Yuan // ton PA66 101L DowDuPont 46800 43000 -3800 Yuan / ton PA66 PA66 101L 101L DowDuPont DowDuPont 46800 46800 43000 43000 -3800 -380 _ _ _ _ ton yuan / ton yuan / / ton ton

Table 3: Prices of some grades in China Plastics City

As we all know, PA66 is mainly used in the auto parts and electrical and electronic industri.

To sum up: the upstream cost is high and it is difficult to reduce, and the contradiction between supply and demand in the downstream market is promine.