Last week (March 3-9, 2025), the price of caprolactam, an upstream raw material for nylon filament, fell under pressure in the market. The nylon PA6 slicing market experienced a narrow decline, with weakened cost support and weak purchasing willingness in downstream markets. The main consumption of raw material inventory was high, and there was a strong wait-and-see atmosphere in the market. Actual orders were limited, and the price of nylon fiber market declined narrowly. In the future, it is necessary to closely monitor the trend of cost and changes in downstream market demand.
According to the Commodity Market Analysis System of Shengyi Society, the monthly average price of nylon filament decreased narrowly last week (March 3-9, 2025). As of March 9, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 16580 yuan/ton, a decrease of 100 yuan/ton from last week, with a weekly increase of 0.88%; Nylon POY (premium product; 86D/24F) is priced at 14175 yuan/ton, a decrease of 125 yuan/ton from last week, with a weekly increase of 0.87%; The price of nylon FDY (premium: 40D/12F) is reported at 17200 yuan/ton, a decrease of 100 yuan/ton from last week, with a weekly increase of 0.58%.
Downstream channel of raw material caprolactam
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. As of March 9, 2025, the benchmark price of caprolactam in Shengyi Society was 10763 yuan/ton, with a weekly decline of 1.88%.
Supply and demand: Last week (March 3-9, 2025), the downstream market had weak purchasing intentions and mainly consumed raw material inventory. There was 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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