Last week (February 10-16, 2025), the nylon filament market temporarily stabilized and consolidated. The upstream raw material market prices have slightly increased, with cost support still remaining. The downstream market is still in the initial stage of resuming work. In addition, most manufacturers have already stocked up before the year, and currently the main consumption of raw material inventory is low. The enthusiasm for raw material procurement is limited, and the actual transactions on site are limited, resulting in insufficient support from the demand side. Many businesses adopt a cautious and wait-and-see attitude, and the market price of nylon filament is temporarily stable and consolidating.
According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament remained stable last week (February 10-16, 2025). As of February 16, 2025, the price of DTY (premium product; 70D/24F) nylon filament in Jiangsu region is 16660 yuan/ton; Nylon POY (premium product; 86D/24F) quoted 14275 yuan/ton; The price of nylon FDY (premium product: 40D/12F) is quoted at 17300 yuan/ton, which is the same as last week’s price.
Raw materials slightly increase
In terms of cost: Sinopec’s high-end caprolactam weekly closing price has been raised to 11450 yuan/ton, and the market price of high-speed spinning nylon PA6 slices has slightly increased. The raw material market price trend has risen during the week, and the cost side support is strong.
Supply demand: Within the week, nylon filament manufacturers have resumed production and work, and the industry’s operating rate has gradually increased. The on-site supply has significantly increased, and the performance of the supply side is still acceptable; The nylon filament market is operating at around 6.60% capacity. The downstream market is still in the initial stage of resuming work, and coupled with the fact that most manufacturers had already stocked up before the year, the current consumption of raw material inventory is the main factor, resulting in low enthusiasm for raw material procurement, limited on-site actual transactions, and insufficient support from the demand side.
Future forecast
Cost aspect: In terms of caprolactam, the upstream pure benzene price is high, and there is little fluctuation in the on-site caprolactam equipment. The demand side mostly maintains on-demand procurement, and it is expected that the caprolactam market price will continue to rise next week.
Supply and demand side: Most nylon filament manufacturers plan to resume normal production next week, and the on-site supply will increase significantly. At the same time, the overall inventory level in the market may increase; Downstream manufacturers may gradually resume work, and each enterprise has a certain amount of raw material inventory. In addition, due to insufficient confidence in the future market and limited replenishment demand, it is expected that the driving force from the demand side of the nylon filament market will still be weak in the short term.
Overall, there is a possibility of an upward trend in the spot market for raw material caprolactam and the PA6 chip market, with strong cost support and downstream enterprises mainly executing previous orders. It is difficult for the demand side to show significant improvement. With mixed news on the market, analysts from Shengyi Society predict a slight increase in the short-term nylon filament market price, with an expected increase of 200-300 yuan/ton.
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