This week (April 7-10, 2025), the nylon filament market continued to operate weakly, with prices experiencing a slight decline. The upstream raw material Sinopec’s high-end caprolactam was raised to 10450 yuan/ton at the end of last week, but due to the decline in oil prices at the beginning of the week, the PA6 chip high-speed spinning chip market was under pressure and the cost support was insufficient. The operating rate of nylon filament market equipment fluctuates little, the industry supply is at a high level, and some manufacturers have high inventory levels, resulting in average performance on the supply side; The demand in the terminal market has not improved, and there is a certain degree of risk aversion in the downstream market. Multiple parties hold sporadic essential orders, and it is difficult to find positive support from the demand side. Overall, the upstream raw material market is not performing well, downstream enterprises have insufficient procurement efforts, and on-site actual transactions are limited. The market price of nylon filament continues to decline slightly.
According to the Commodity Market Analysis System of Shengyi Society, the price of nylon filament continued to decline slightly this week (April 7-10, 2025). As of April 11, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 15580 yuan/ton, a decrease of 100 yuan/ton from last week, a weekly decrease of 0.64%; Nylon POY (premium product; 86D/24F) is priced at 13100 yuan/ton, a decrease of 225 yuan/ton from last week, with a weekly decline of 1.69%; The price of nylon FDY (premium product: 40D/12F) is reported at 16225 yuan/ton, a decrease of 50 yuan/ton or 0.31% from last week’s price.
Weak raw material support
In terms of cost: Although the weekly closing price of Sinopec’s high-end caprolactam has been raised, it has been affected by the decline in crude oil and pure benzene prices at the beginning of the week. The spot market prices of caprolactam and the high-speed spinning market prices of nylon PA6 slices have continued to decline during the week, with PA6 prices falling by 3.06%, indicating weak support on the cost side.
Supply and demand: This week (April 7-10, 2025), the operating rate of nylon filament market facilities did not fluctuate significantly, the industry supply was at a high level, some manufacturers had high inventory levels, downstream market purchasing willingness was not strong, demand did not improve, and the main consumption of raw material inventory was high. The on-site observation atmosphere was strong, and actual transactions were limited, with insufficient support from the demand side.
Future forecast
Cost aspect: In terms of caprolactam, the price of pure benzene is expected to rise first and then fall. The supply of caprolactam in the market is relatively sufficient, and there is some concern downstream. It is expected that the price of caprolactam in the market will remain stagnant next week. In terms of nylon PA6 chips, the inventory level of polymerization factories is generally average, and downstream markets are cautious in purchasing for essential needs. It is expected that the market trend of nylon PA6 chips will be weak next week, and the price center of the raw material market will shift downwards.
Supply and demand side: The operating rate of the nylon filament industry is at a high level, and there is currently no clear adjustment plan for the production of various manufacturers’ equipment. It is expected that the supply of nylon filament market will still be high in the short term, and end market orders will be difficult to find. Downstream manufacturers have weak purchasing intentions and mostly adopt a buy as you go policy. Therefore, it is expected that the demand side support of the nylon filament market will be weak next week.
Overall, the spot market for raw material caprolactam is expected to consolidate, while the market for nylon PA6 chips may experience a decline due to insufficient cost support. Downstream market demand has not improved, and some nylon filament manufacturers may lower their quotes. Business analysts predict that the nylon filament market will be mainly weak next week, with weak price consolidation.
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