Views:0 Author:Site Editor Publish Time: 2020-05-27 Origin:Site
V. The directionality of raw materials is relatively clear
As several plants such as Shijiazhuang Refinery, Lanhua Sci-Tech, and Haili will be restarted by the end of April and early May, the direction of spot CPL is undoubtedly downward. Especially that Haili Jiangsu will restart its 200kt/year CPL plant, which will hit the low-end CPL suppliers with unstable quality and poor service certainly. In the latter case, when sales is under pressure, it is highly probable that they will promote sales with lower prices as a result.
But if the price of benzene is still so firm, it seems that there is not much downward room, as expected by be within 500yuan/mt. If benzene market continues to keep consolidation, CPL market may likely to keep a slow downward trend.
Summary: The focus of the market in May is mainly on the performance of CS chip, who would finish previous order delivery in May, and the new order receiving will be decisive to overall nylon market trend. And it is also worth noticing that how CPL market will develop in May after Haili restart the Jiangsu plant.