According to statistics from SunSirs, in the first ten days of October, the prices of Polyamide FDY were basically stable. On October 15, Polyamide DTY in Jiangsu was 18,033RMB/t, 28.83% lower year on year; the Polyamide POY price in Jiangsu was 15,680RMB/t, 31.35% lower year on year; Polyamide FDY price was 19,700RMB/t, 22.75% lower year on year.

After the long holiday in China, the market of cyclohexanone was in decline, the external news was short, and the raw material prices of pure benzene chain was generally lowered. On the other hand, due to the inventory and delivery pressure, the mainstream factories continue to reduce their quotations. However, the lower price of caprolactam suppressed the purchase of chemical fiber orders, and some caprolactam factories purchased large orders, and the prices stabilized. The domestic caprolactam market continues to be weak, with insufficient cost support. The downstream polymerization plants sell goods at a low price, and most of the market transaction is rigid. Although the transaction is improved, the price pressure is transmitted upward.

In September, the export of textiles is weaker than the previous years. According to the latest statistics of the General Administration of Customs, in September 2019, China's exports of textiles and garments amounted to $24.520 billion, 4.64% lower than last month and 7.85% lower year on year. Textile export amounted to $9.7646 billion, 7.88% lower compared with the same period last year, while garment export amounted to $14.755 billion, a decrease of 7.83% compared with the same period last year.

In the first half of October, the prices of Polyamide FDY manufacturers were basically stable, and the willingness of price adjustment was not strong. In late September, due to emergencies, the sharp rise in crude oil price led to a counter attack on the high price of chemical products. But good times were not long, crude oil prices fell, Polyamide FDY raw materials went back to low prices. Without support, the prices of FDY are naturally difficult to rise. The prices of raw materials rose sharply before, and some FDY manufacturers slightly increased their prices. However, due to inventory and order reasons, the prices of most manufacturers were basically stable. Upstream raw materials prices are now like roller coasters, Polyamide manufacturers stay at ease.

Analysts of SunSirs believe that the upstream raw materials would like to revive their prices, but the downstream is not eager to purchase. Due to the order type purchase and low-cost raw material inventory, the upstream prices are like roller coasters, and the FDY prices are like lakes. In the face of sluggish orders and falling raw material prices, it is expected that Polyamide will not find an opportunity to rise in the short term and the prices will mainly be stable.

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