Affected by the financial crisis and soaring oil prices, the price of caprolactam in the upper reaches of nylon dropped sharply. The downstream market has shrunk sharply. Some enterprises have limited production and insured prices, making it extremely difficult for the flexibility of the highly flexible nylon chemicals in this market to be difficult. However, in the long run, people in the industry have expressed confidence that the winter will surely spring. It is understood that from January to September this year, due to the high price of caprolactam shock, the nylon industry has been in a period of meager profit. After October, the price of crude oil dropped sharply. The price of caprolactam also went through a free-fall movement. The price dropped from the high of 23,700 yuan / ton to the current price of 10,500 yuan / ton, which depressed the price of nylon 6 and took the nylon 6 enterprises by surprise. Is a higher inventory of business losses greater. In addition, the high price of butadiene, nylon 66 production costs are still at high levels, manufacturing profits are minimal. Downstream demand for nylon also drastically declined. In industrial spinning, nylon cord fabric is the main skeleton material of bias tire. The development speed of bias tire largely determines the market demand of nylon cord fabric. In recent years, China's radial tire average annual growth rate of 20% to 30%, especially the annual growth rate of all-steel radial tire maintained at 30%, a great impact on the bias tire. Affected by poor demand for bias tires, the demand for nylon curtains in China in the past two years basically maintained at the level of 220,000 to 230,000 tons per year. The financial crisis in turn the automotive industry continued downturn, the industry is expected in the next few years nylon curtain cloth demand will continue to decline. The financial crisis also limited the export of Chinese textiles and clothing, the demand for civilian spinning dropped, and the textile industry was in the midst of the most critical crisis. In addition, China's polyester industry has developed rapidly in recent years, applied technology research more mature, but also more price advantage, further reducing the use of space for nylon, caprolactam and nylon industry to bring competitive pressure. Zhu Boliang, general manager of Shanghai Textile Technology Development Co., Ltd., said: "The reason for the crash in the nylon market is not only the impact of the financial crisis, the rapid appreciation of the dollar in the early stage, while the mid-point of the RMB against the US dollar is almost fixed, resulting in fluctuations in the value of the US dollar almost The price of major domestic products fell sharply, nylon products also failed to escape.The price plunge also exposed the expansion of the nylon industry is too fast, Repeated construction problems. "Most people in the industry believe that the current nylon market has been basically close to the trough, but due to the market outlook is not clear, companies use the buy-and-use approach, not inventories. Jinlida Chemical Fiber Factory Manager Tian said that due to the end of some companies stop work, the nylon market in previous years will be lower at the end of the year, but with years after the start of enterprises, the price will soon rise, the whole process was V-type. The price trend this year was U-shaped, although the company can be sure the price has bottomed, but the price at the bottom of the time who can not say clearly, so wait and see atmosphere in the industry, companies are afraid to bargain-hunting. If winter comes, can spring be far behind? Zhu Boliang believes that the release of the risk process is painful, but after the end of the land will certainly usher in the next round of new developments, we must have confidence in national policies. The easing of national monetary policy and the increase of export tax rebate rates will not only promote consumer demand, but will also ease the larger financial pressure on domestic enterprises. From August 1 onwards, the state will textile and garment export tax rebate rate from 11% to 13%; from November 1, once again increased to 14%; November 19, the State Department deployed to promote the healthy development of textile industry The six policy measures. Gong Xiaojun of Sinopec Baling Branch believes that the national policy of boosting domestic demand for boosting domestic demand will boost the nylon market from three aspects. First, the state increases the investment in public facilities such as medical treatment and education to increase the spending power of the nation and will increase the domestic demand for civilian nylon filament Second, the state will increase investment in agriculture, increase farmers' income and increase transport facilities, which will promote the demand of cord fabric. Third, measures such as raising export tax rebate and suspending trade security deposit will reduce the decline of export of nylon filament speed.