Last week (June 17-23), the market supply of caprolactam, a raw material for nylon filament, was loose, and prices fell; The nylon filament market is following the downward trend of raw materials, with industry operating rates maintaining and little change in on-site supply. The inventory levels of various manufacturers are average, and inventory pressure is not high. Demand is weak and downward. Overall, the cost and demand are both positive and negative, resulting in a narrow decline in the nylon filament market.

Narrow decline in market prices

According to the Commodity Market Analysis System of Business Society, last week (June 17-23), the price center of nylon filament saw a narrow downward trend. As of June 23, 2024, the price of DTY nylon filament (premium product; 70D/24F) in Jiangsu region was quoted at 19280 yuan/ton, a decrease of 20 yuan/ton from the beginning of the week, with a weekly decrease of 0.10%; Nylon POY (premium product; 86D/24F) is priced at 16925 yuan/ton, a decrease of 50 yuan/ton from the beginning of the week, with a weekly decrease of 0.29%; The price of nylon FDY (premium product: 40D/12F) is reported at 20225 yuan/ton, a decrease of 50 yuan/ton from the beginning of the week, with a weekly decrease of 0.25%.

Weakness sorting of raw materials

Last week (June 17-23), the market supply of caprolactam, a raw material for nylon filament, was loose, and prices fell, providing limited support for nylon filament. The upstream pure benzene has slipped, and the downstream operating rate is average, resulting in weak demand for raw materials and weak terminal demand. The maintenance of the caprolactam plant in the enterprise is gradually completed, and the market supply is loose. PA6 slicing is currently experiencing limited cost support due to stable raw material prices, and downstream on-demand procurement has created a strong trading atmosphere in the market. It is expected that the PA6 slicing market will experience weak consolidation in the near future.

Supply and demand

Last week (June 17-23), nylon manufacturers maintained a stable operating load, with sufficient supply of goods and little inventory pressure. Last week, downstream demand was weak, and downstream manufacturers held on to purchasing according to demand, resulting in a downward trend in demand for nylon spinning.

Future Market Forecast

With a slight decline and consolidation in the spot market for raw materials such as caprolactam and PA6, but limited cost support, on-site supply remains normal, and downstream demand shows a weak trend. Analysts from Business Society predict that the short-term nylon filament market will mainly follow the weak trend of raw material consolidation, and prices will mainly decline and consolidate.