Last week (July 18-24), the market was dominated by bad news, the price of nylon filament continued to fall, the supply of goods in the market was sufficient, the cost side support was weak, the downstream demand continued to be weak, customers just needed to buy, the market wait-and-see atmosphere was thickened, and the trading atmosphere was not prosperous.

Nylon price chart

Price trend chart of nylon POY (86d/24f)

According to the price monitoring of the business club, the price of nylon filament continued to decline last week (July 18-24). As of July 24, the quotation of domestic nylon POY (superior product; 86d/24f) was 17075 yuan / ton, a weekly decrease of 275 yuan / ton, a weekly decrease of 1.59%. Nylon DTY (superior product; 70d/24f) quoted 19700 yuan / ton, down 80 yuan / ton, down 0.40% week on week. Nylon FDY (premium product: 40d/12f) was quoted at 20100 yuan / ton, with a weekly decrease of 175 yuan / ton and a weekly decrease of 0.85%.

quotations analysis

Price rise and fall chart of nylon filament industrial chain

Cost side: last week (July 18-24), the average market price of raw material cyclohexanone fell from 10825 yuan / ton to 10240 yuan / ton, a decrease of 5.40% during the week. The market of raw material caprolactam is poor, and the trend continues to decline. On July 18, the average market price of domestic liquid caprolactam was 13400 yuan / ton, and on July 25, the average market price of domestic liquid caprolactam was 12833 yuan / ton. The price of caprolactam fell by 4.23% during the week, with sufficient on-site supply and less trading volume. Most transactions are at low prices. It is expected that the caprolactam market will continue to decline in the short term.

Supply and demand: the demand follow-up in the downstream terminal area is also an important factor, but at present, the terminal demand has not improved. The terminal customers just need to follow up, and the downstream weaving factories are not enthusiastic about purchasing. Some customers are more oriented to production by sales, and in the short term, they mainly consume raw material inventory; The on-site supply of goods remains sufficient. Although some manufacturers have production reduction expectations, the on-site supply of goods remains sufficient.

Aftermarket forecast

Recently, the nylon filament market has been dominated by bad news, the supporting role of the cost side is weak, the supply of goods is sufficient, the demand side continues to be weak, there is no too much positive feedback at the end, and the market is dominated by bad news. Business analysts expect that the nylon filament market will continue to be weak in the later period, and the price will continue to fluctuate and decline in the short term.