This week (December 26-31, 2022), the downstream demand for nylon filament further cooled, the market continued to be weak, the price was weak and stable, and the supply of goods remained adequate and stable. The wait-and-see atmosphere of downstream enterprises has increased, the terminal textile and clothing consumption is still insufficient, the enthusiasm for fabric procurement is not high, and the market transaction atmosphere continues to be weak.
| Gamma Polyglutamic Acid |
Market price trend
Nylon price chart
Price trend chart of nylon POY (86D/24F)
According to the price monitoring of the business community, (December 26-31, 2022), the price of nylon filament was weak and stable. As of December 31, 2022, the price of nylon filament DTY (superior product; 70D/24F) in Jiangsu Province was 16980 yuan/ton, the same as last week’s price; Nylon POY (superior product; 86D/24F) quoted 14725 yuan/ton, the same as last week’s price; Nylon FDY (Premium: 40D/12F) price was 17750 yuan/ton, which was the same as last week’s price.
Upstream raw material market
Price rise and fall chart of nylon filament industry chain
Raw material caprolactam: On December 26, the average price of domestic liquid caprolactam market was 11066 yuan/ton, and on December 30, the average price of domestic liquid caprolactam market was 11066 yuan/ton. Caprolactam prices are stable this week. Some caprolactam manufacturers have overhauled their devices, and some manufacturers have restarted their devices. The supply side has not changed much. The terminal demand is weak, a small amount of raw materials are purchased, and there are few deals on the market. In the case of weak supply and demand, caprolactam market is weak.
Supply and demand
At present, the commencement of nylon filament shows a downward trend, with overcapacity overflow, high inventory consolidation, and the market is dominated by the digestion of inventory. On the whole, the downstream demand shows that the textile market is hard to hide the weak trend. Weaving manufacturers’ enthusiasm for stocking raw materials has declined. The market atmosphere is cold and the terminal demand is weak. The weaving machine rate has also weakened again. Bad news has flowed out from many places. Most weaving factories maintain the minimum load production.
Future market forecast
In the later stage, the upstream raw materials are weak and low, the supply of goods in the market is sufficient, the downstream demand will be further reduced, the downstream commencement will decline, and the overall demand for textile terminals will decrease. Analysts from the business community expect that the nylon filament market will continue its weak finishing operation in the later period.
| http://www.gammapolyglutamicacid.com |