This week (January 6-10, 2025), the nylon filament market continued to decline weakly. The market price of caprolactam on the raw material side has continued to decline, and the support on the cost side has weakened; The on-site supply is relatively abundant, making it difficult to provide upward momentum for the market; The demand in the terminal market is weak, and there is a certain degree of risk aversion in the downstream market. The enthusiasm for stocking up is not high, and most manufacturers are in the year-end closing stage, mainly focusing on acquiring goods for immediate needs. The fatigue on the demand side remains unchanged. There is currently no positive news supporting the market, and the nylon filament market continues to decline weakly.
According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament fell weakly this week (January 6-10, 2025). As of January 10, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 16460 yuan/ton, a decrease of 200 yuan/ton from last week, a weekly decrease of 1.20%; Nylon POY (premium product; 86D/24F) is priced at 14100 yuan/ton, a decrease of 250 yuan/ton from last week, with a weekly decline of 1.74%. The price of nylon FDY (premium: 40D/12F) is reported at 17225 yuan/ton, a decrease of 275 yuan/ton or 1.57% from last week.
Raw materials continue to decline
In terms of cost, the weekly closing price of Sinopec’s high-end caprolactam has been lowered to 10880 yuan/ton, and the market price of high-speed spinning nylon PA6 chips is under pressure and declining. The market price of raw materials continues to decline during the week, and cost support is weak. As of January 10, 2025, the benchmark price of caprolactam in Shengyi Society is 10776 yuan/ton.
Supply and demand: This week (January 6-10, 2025), there has been no significant fluctuation in the operating rate of nylon filament market equipment, and the overall inventory level in the market is at a normal level. The supply side is performing relatively well, making it difficult to provide upward momentum for the market. The demand in the terminal market is weak, and there is a certain degree of risk aversion in the downstream market. The enthusiasm for stocking up is not high, and most manufacturers are in the year-end closing stage, mainly focusing on acquiring goods for immediate needs. The fatigue on the demand side remains unchanged.
Future forecast
The spot market for raw material caprolactam and the market for nylon PA6 chips may continue to have a stable trend, while the cost side is generally stable. As the Spring Festival holiday approaches and downstream manufacturers are not enthusiastic about restocking, some nylon filament manufacturers have plans to reduce production, resulting in a slight decrease in on-site supply. However, the impact on the market is limited, and it is expected that the supply of nylon filament in the short term may decrease; The replenishment action in the downstream market is not obvious at the moment, and some manufacturers may gradually reduce production and have holidays. There is still a possibility of a decrease in on-site demand, so it is expected that the driving force from the demand side of the nylon filament market will remain weak next week. Business analysts predict that the price range of nylon filament market will mainly be weakly adjusted next week.
| http://www.thiourea.net |