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Insight | Time: Jun 2 2017 2:07PM
Analysis on nylon 6 chip import and export in Jan-Apr in 2017
 
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Import volume reached the lowest level

According to the Customs, nylon 6 chip import volume totaled 20kt in Apr 2017, down 54.1% from the same period of last year and down 49.5% from Mar 2017. The import volume in Apr reached the lowest level in recent years.


After sluggish RMB CPL market, nylon 6 chip market slumped, and price spread between USD chip market and RMB chip market was large. Nylon 6 filament plants showed resistance to imported chips at high prices, so nylon 6 chip imports declined greatly in Apr.

Import volume from Thailand exceeded that from Belarus



Nylon 6 chip import volume changed little in Jan-Apr in 2017 from the whole year of 2016 by origin as a whole, but import volume from Thailand exceeded that from Belarus, and Thailand became the second largest country of origin. Major chip producer in Thailand was UBE, which mainly produced nylon 66 injection-plastic grade chips. Chips imported from Belarus were general basic materials of modified plastics. Chinese domestic chips could replace chips imported from Belarus, while demand of UBE’s high-grade injection-grade chips was steadier.

USD chip prices kept rising since end-2016, and chip prices in Belarus increased more quickly than those in Thailand. Thus, buyers purchased more chips from Thailand due to better quality and steadier customers. Import volume from Thailand was likely to exceed that from Belarus in the whole year of 2017 if price spread stayed close.


Export volume increased stably on a yearly basis


Nylon 6 chip export volume increased evidently in Jan-Apr in 2017 on a yearly basis. Demand increase of Chinese domestic chips slowed down, so more and more Chinese domestic nylon 6 chip and modified plastic plants focused on overseas markets.



Export volume changed by terms of trade. Due to previous high RMB chip prices, USD chip prices were lower than RMB prices. Thus, export volume by ordinary trades shrank, while export volume by processing with import materials increased evidently.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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