Oct 08, 2023
Demand is unlikely to see a significant decline in September compared to August. Currently, downstream filament factories have low inventory storage and high operating rates, which does not pose a significant obstacle to price increases on the raw material side. Downstream stocking for nylon 6 conventional spinning chip is not high, and there is potential for price increases in chip market.
Benzene destocking trend is expected to continue in September, maintaining a relatively strong momentum.From the inventory perspective, both ports and downstream manufacturers have generally low inventories of benzene. Unless there is a widespread reduction in downstream production, it is difficult to see a significant downward adjustment in benzene prices.