Nylon 6 HS chip market continued its downward trend this week. The sharp drop in the spot CPL made downstream mills more cautious in purchasing chip...
Taking benzene FOB Korea price as an indicator and based on naphtha CFR Japan cost and $130/mt processing cost, benzene production margin has fallen below the theoretical break-even line....
With crude oil continues bottoming down, decline goes on in benzene, CPL and nylon 6 chip products. But for this series of products, CPL and nylon 6 chip have no more margin, and the downward space is decided by benzene....
After the collapse of oil prices, as a small branch downstream of energy-saving products, nylon industry chain is bound to be implicated. Historically speaking, the trend of CPL has a strong correlation with the trend of oil prices....
