Last week (May 5-11, 2025), the price center of the upstream raw material market for nylon filament fell, cost support weakened, downstream market shipments were not smooth, procurement enthusiasm was not high, and some nylon filament manufacturers had high inventory levels. Under multiple negative factors, the nylon filament market price was under pressure and declined.
According to the Commodity Market Analysis System of Shengyi Society, last week (May 5-11, 2025), the price of nylon filament continued to decline under pressure. As of May 11, 2025, DTY (premium product) of nylon filament in Jiangsu region; 70D/24F) quoted 14920 yuan/ton, a decrease of 120 yuan/ton from last week, with a weekly decrease of 0.80%; Nylon POY (premium product; 86D/24F) quoted 12375 yuan/ton, a decrease of 125 yuan/ton compared to last week, with a weekly decrease of 1.00%; The price of nylon FDY (premium product: 40D/12F) is reported at 15500 yuan/ton, a decrease of 150 yuan/ton from last week, with a weekly decline of 0.96%.
The raw material market continues to decline
In terms of cost: Last week (May 5-11, 2025), Sinopec’s high-end caprolactam weekly closing price was executed at 9360 yuan/ton. During the week, the spot market price of caprolactam and the market price of high-speed spinning nylon PA6 slices both showed a downward trend, and the market price of raw materials continued to decline, with poor cost support. As of May 11, 2025, the benchmark price of caprolactam in Shengyi Society was 9053 yuan/ton, with a weekly decline of 2.25%. During the week, the market price of high-speed spun nylon PA6 chips saw a slight decline, with a weekly drop of 0.61%, indicating weak cost support.
Supply and demand: During the week, some nylon filament manufacturers have lowered their operating rates, resulting in a decline in overall market supply. However, industry inventory levels continue to increase, leading to poor performance on the supply side; The demand in the end market is weak, and some downstream manufacturers have reduced production or switched production, resulting in a decrease in demand for nylon filament. It is difficult to find favorable support from the demand side.
Future forecast
Cost aspect: In terms of caprolactam, the price range of pure benzene has been adjusted, and some units in the caprolactam market may experience a certain decline in production. Downstream procurement is mainly cautious, and it is expected that the caprolactam market price will remain weak and stagnant next week. In terms of nylon PA6 slicing, the cost support is weak, and the market supply is expected to slightly increase. Downstream manufacturers are not enthusiastic about purchasing, and it is expected that the nylon PA6 slicing market will slightly decline next week.
Supply and demand side: Most of the nylon filament manufacturers’ facilities are operating stably, and the industry supply is relatively high. The overall inventory level in the market may still be high, and it is expected that the supply side support for the nylon filament market will be average in the short term; There is no sign of improvement in the demand of the terminal market, and downstream factories or inventory consumption are the main factors. It is difficult for the demand side to improve, so it is expected that the demand side of the nylon filament market will not change next week.
Overall, the spot market for raw material caprolactam is expected to remain stable with small fluctuations, while the market for nylon PA6 chips may experience a decline. Cost support is limited, and downstream markets tend to adopt a cautious and wait-and-see attitude, purchasing on demand. Demand is unlikely to improve, and analysts from Business Society predict that the nylon filament market price will remain stagnant next week.
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