Last week (May 12-18, 2025), the upstream raw material caprolactam market for nylon filament regained confidence, with prices slightly rising and good cost support. However, downstream market shipments were not smooth, demand continued to be weak, and procurement enthusiasm was not high. Some nylon filament manufacturers had high inventory levels, and nylon filament market prices continued to decline slightly.
According to the Commodity Market Analysis System of Shengyi Society, last week (May 12-18, 2025), the price center of nylon filament slightly decreased. As of May 18, 2025, DTY (premium product) of nylon filament in Jiangsu region; 70D/24F) quoted 14780 yuan/ton, a decrease of 140 yuan/ton compared to last week, with a weekly decrease of 0.80%; Nylon POY (premium product; 86D/24F) quoted 12300 yuan/ton, a decrease of 75 yuan/ton compared to last week, with a weekly decrease of 0.94%; The price of nylon FDY (premium product: 40D/12F) is reported at 15350 yuan/ton, a decrease of 150 yuan/ton from last week, with a weekly decline of 0.97%.
The raw material market has stopped falling and risen
In terms of cost: Last week (May 12-18, 2025), the spot market price of caprolactam stopped falling and rose, while the market price of high-speed spinning nylon PA6 slices temporarily showed a downward trend. The market price of raw materials stopped falling and rose, and the cost side was well supported. As of May 18, 2025, the benchmark price of caprolactam in Shengyi Society was 9366 yuan/ton, with a weekly increase of 3.46%. During the week, the market price of high-speed spun nylon PA6 chips saw a slight decline, with a 1.22% drop in nylon PA6 prices, 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 operation. Downstream purchases are mainly cautious, and it is expected that the caprolactam market price will fluctuate and adjust next week. In terms of nylon PA6 slicing, the cost support is good, 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 fluctuate and consolidate next week, with prices mainly rising slightly.
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 is expected to rise. The cost side is well supported, and downstream markets are adopting a cautious and wait-and-see attitude, purchasing according to demand. The demand side is unlikely to improve. Business analysts predict that the nylon filament market price will mainly stop falling and rise next week.
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