NFY losses expand in H2 2022, and other chemical fibers also suffer

Nylon 6 DTY is one of the most nylon filament products sees most intense competition this year, especially DTY 70D, whose margin has been compressed to the extreme low. In the good times of previous years, the price difference between DTY 70D and nylon 6 high-speed spinning chip (short as HS chip) was more than 5000yuan/mt, and even in the times not as good it was around 4500yuan/mt. But this year the price difference has been reduced to 3500-3800yuan/mt, and recently individual sources have even been pressed to 3300yuan/mt. Such a limit price difference cannot even cover the processing cost. Near the end of the year, as demand continues to decrease and NFY factories face rising sales pressure, the ultra-low price difference is also difficult to repair. (The losses for nylon FDY, POY and other DTY specifications are not as serious as DTY 70D).