This week (March 10-14, 2025), the upstream raw material caprolactam market prices fell under pressure, the nylon PA6 chip market continued to decline, cost support weakened, downstream demand did not improve, the market made on-demand purchases, and on-site actual transactions were limited. Many operators held a cautious and wait-and-see attitude, and the nylon fiber market prices continued to decline.
According to the Commodity Market Analysis System of Shengyi Society, the monthly average price of nylon filament decreased narrowly this week (March 10-14, 2025). As of March 14, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 16400 yuan/ton, a decrease of 180 yuan/ton from last week’s price, with a weekly increase of 1.09%; Nylon POY (premium product; 86D/24F) is priced at 14025 yuan/ton, a decrease of 150 yuan/ton from last week, with a weekly increase of 1.06%; The price of nylon FDY (premium product: 40D/12F) is reported at 17025 yuan/ton, a decrease of 175 yuan/ton from last week, with a weekly increase of 1.02%.
Raw material caprolactam continues to decline
In terms of cost: Since late February, the market price of caprolactam has entered a downward trend, and the performance of terminal demand has been lower than expected, which has led to a sharp increase in the pressure on polymerization factories to ship. The demand side’s follow-up sentiment towards caprolactam has rapidly cooled down. The market for nylon PA6 chips continues to decline, with weakened cost support. As of March 14, 2025, the benchmark price of caprolactam in Shengyi Society was 10623 yuan/ton, with a weekly decline of 1.61%.
Supply and demand: This week (March 10-14, 2025), downstream market purchasing willingness is not strong, demand has not improved, and the main consumption of raw material inventory is high. There is a strong atmosphere of wait-and-see in the market, with limited actual transactions and insufficient support from the demand side.
Future forecast
Cost wise: The market for caprolactam is bearish, and the production capacity of caprolactam in the market will be released, resulting in an increase in supply. The demand side will maintain on-demand procurement, and the short-term caprolactam market price will be mainly weak.
Supply and demand side: Most nylon filament manufacturers have resumed normal production, and the on-site supply will increase significantly. At the same time, the overall inventory level in the market may increase; Downstream enterprises have a certain amount of raw material inventory, and coupled with insufficient confidence in the future market, the demand for replenishment is limited.
Overall, the spot market for raw material caprolactam and nylon PA6 chips are mainly operating weakly, with poor cost support and continued weak demand. There is a strong wait-and-see atmosphere in the market, and analysts from Shengyi Society predict that the price of nylon filament may continue its weak downward trend.
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