This week (April 14-18, 2025), the center of gravity of raw material prices has fallen again, and the market price of nylon filament has followed suit. Sinopec’s high-end caprolactam price was lowered to 10080 yuan/ton last week, and the high-speed spinning market for nylon PA6 chips continued to decline, with weak cost support; During the week, the operating load of some nylon filament manufacturers’ facilities decreased, resulting in a narrow decline in industry supply. Some manufacturers had high inventory levels, and the performance of the supply side was average; There are few orders in the terminal market, and some downstream manufacturers are reducing production and taking holidays. Other manufacturers are holding on to their essential needs, resulting in limited on-site transactions and a sluggish demand side. Overall, the upstream raw material market is weak and declining, with some on-site inventory levels at high levels. Downstream companies have average purchasing power, and negative factors in the market dominate. The price pressure on the nylon filament market continues to decline.
According to the Commodity Market Analysis System of Shengyi Society, the price of nylon filament continued to decline weakly this week (April 14-18, 2025). As of April 18, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 15480 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 12900 yuan/ton, a decrease of 200 yuan/ton or 1.53% from last week’s price; The price of nylon FDY (premium product: 40D/12F) is reported at 16075 yuan/ton, a decrease of 150 yuan/ton from last week, with a weekly decline of 0.92%.
The raw material market is weak and declining
In terms of cost: Sinopec’s high-end caprolactam weekly closing price has been lowered. As of April 18, 2025, the benchmark price of caprolactam in Shengyi Society is 9660 yuan/ton, with a weekly decline of 5.45%. During the week, the market price of high-speed spun nylon PA6 chips fell sharply, with a 2.01% drop in nylon PA6 prices, indicating weak cost support.
Supply and demand: This week (April 14-18, 2025), the operating rate of the nylon filament market equipment did not fluctuate much, the industry supply was at a high level, some manufacturers had high inventory levels, downstream market demand was light, and some nylon filament prices were not smooth for shipment. Many were sold at discounted prices, and the overall profit situation of the market was still not optimistic.
Future forecast
Cost aspect: In terms of caprolactam, the trend of raw material pure benzene is average, and the supply of caprolactam market may recover to some extent. The purchasing enthusiasm of the demand side is not good, and it is expected that the market price of caprolactam will slightly decline next week. In terms of nylon PA6 slicing, there is insufficient cost support, and there is no significant improvement in terminal demand. Downstream manufacturers are cautious in purchasing for essential needs, and it is expected that the nylon PA6 slicing market will continue to decline next week. Therefore, it is expected that the price trend of the raw material market will decline next week.
Supply and demand side: Some manufacturers of nylon filament have high inventory, and there are plans to reduce the operating load of the equipment. There is a possibility of a decrease in on-site supply, and it is expected that the supply side of the nylon filament market will perform generally in the short term; Downstream domestic demand is limited, and there has been no significant improvement in foreign trade orders. Some downstream manufacturers have production reduction plans, and demand is expected to decrease. Therefore, it is expected that the driving force from the demand side of the nylon filament market will remain weak next week.
Overall, there are still downward expectations in the spot market for raw material caprolactam and the market for nylon PA6 chips, with weak cost support and no signs of improvement in downstream market demand. Industry players lack confidence in the future market, and Business Society analysis predicts that the price of nylon filament market will fall next week, with an expected decline of 100-300 yuan/ton.
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