This week (September 9-14), the market price of nylon filament fell weakly. On the raw material side, the weekly closing price of Sinopec’s high-end caprolactam has been lowered, and the market trend of nylon PA6 chips is weak, with weak support on the cost side. Downstream market demand is weak, and it is difficult to find favorable support from the demand side, resulting in poor trading activity within the market. The industry’s operating rate remains stable, with little change in on-site supply. The inventory levels of various manufacturers are average, and inventory pressure is not high. There is a lack of positive news to boost the market, and there is a strong wait-and-see atmosphere among industry players.

According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament fell weakly this week (September 9-14). As of September 14, 2024, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 18500 yuan/ton, a decrease of 180 yuan/ton from last week, a weekly decrease of 0.96%. Nylon POY (premium product; 86D/24F) is priced at 16050 yuan/ton, a decrease of 250 yuan/ton from last week, with a weekly decline of 1.53%. The price of nylon FDY (premium: 40D/12F) is reported at 19525 yuan/ton, a decrease of 200 yuan/ton or 1.01% from last week’s price.

Raw materials remain weak and decline

This week (September 9-14), the fundamentals of the nylon filament raw material caprolactam market were weak, with weak cost support. There was a certain increase in both supply and demand in the caprolactam market, but there was a lack of significant boost in terminal demand. As of September 14, the benchmark price of caprolactam in Shengyi Society was 12750 yuan/ton, a decrease of 0.61% from last week

Supply and demand: This week (September 9-14), the overall supply of nylon filament market remained stable. Most of the nylon filament market facilities are operating stably, and currently the daily production rate of the nylon filament market is around 8.4%. Good support from the demand side is difficult to find, the speed of on-site cargo flow is average, trading activity is average, and market confidence is insufficient.

Future forecast

Although entering the traditional peak season for textiles, downstream market demand will improve to some extent, but there is currently no obvious sign of improvement, and on-demand procurement is still the main focus; The cost side caprolactam market is mainly weak and stable, while the cost side support for nylon filament is limited. Business analysts predict that the short-term nylon filament market will be weak and stable, with prices mainly fluctuating in a narrow range.