Li Yi, lead nylon analyst at CCFGroup, delivered his report Nylon industry chain review and outlook

Part 1: The trend of the nylon industry chain in 2023 is stronger than the chemical industry index. The profitability of CPL has improved compared to the second half of 2022, but it is still not optimistic. Performance of CS chip is not as good as HS chip. In terms of supply and demand, the inventory is relatively low, and the operating rate is relatively high.

Part 2: The key to price fluctuations lies in the spot market, with CPL spot trading accounting for about 27% of the overall market. The risk of the game in CS chip this year is unpredictable. The core of HS chip lies in its content share increase in conventional clothing. The expansion speed of HS chip and filament capacity is not fast.

Part 3: Looking ahead to 2024, the overall cost of CPL will decrease; the style of sun protection fabrics may undergo transformation; in terms of upstream raw materials, the financialization level of aromatic hydrocarbon products will increase.