This week (December 16-20, 2024), the upstream cost support weakened, and the market price of nylon filament slightly fell. The cost side support is weak, downstream manufacturers’ purchasing enthusiasm is not high, multi-dimensional holding of essential orders, and the demand side has not shown significant improvement. Negative factors dominate the market, and the nylon fiber market price is weak and declining. In the future, it is necessary to closely monitor the trend of the cost side and changes in downstream market demand.
According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament slightly decreased this week (December 16-20, 2024). As of December 20, 2024, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 17360 yuan/ton, a decrease of 100 yuan/ton from last week, a weekly decrease of 0.57%; Nylon POY (premium product; 86D/24F) is priced at 14850 yuan/ton, a decrease of 50 yuan/ton from last week, with a weekly decline of 0.34%. The price of nylon FDY (premium product: 40D/12F) is reported at 18175 yuan/ton, a decrease of 75 yuan/ton from last week, with a weekly decline of 0.41%.
Weakness and decline in raw materials
This week (December 16-20, 2024), the upstream raw material caprolactam plant for nylon filament was operating normally, with sustained high inventory and low downstream purchasing willingness. The trading atmosphere was calm, and the caprolactam market price continued to decline. Lack of confidence in the industrial chain, shrinking actual trading volume in the nylon PA6 chip market, with no positive support from both upstream and downstream, and insufficient confidence among industry players. As of December 20th, the benchmark price of caprolactam in Shengyi Society was 11216 yuan/ton, with a weekly decline of 1.18%.
Supply demand
The operating rate of nylon filament market equipment is relatively high, currently operating at around 8.4%. The inventory of various manufacturers continues to accumulate, and the overall supply performance on site is loose, with average supply side support; There is still no significant improvement in demand in the terminal market, and downstream yarn factories have a certain degree of risk aversion. They hold onto multiple essential orders, and it is difficult to find positive support from the demand side during the week.
Future forecast
The market for nylon filament raw material caprolactam is expected to continue its downward trend, with inventory pressure remaining high and supply side still under pressure. Spot prices are weakly stable and consolidating, market sentiment is bearish, and the industry chain is mostly pessimistic. Terminal market demand remains weak, with bearish factors prevailing in the market. Business analysts predict that the short-term nylon filament market will mainly experience a weak downward trend.
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