Last week (August 5-11), the fundamental performance of the upstream raw material caprolactam market for nylon filament was flat, with stable prices; The downstream demand needs to be followed up, and the nylon filament market is consolidating horizontally. Manufacturers are mainly holding steady and observing. The industry operating rate remains stable, with little change in on-site supply. The inventory levels of various manufacturers are average, and inventory pressure is not high. The downstream terminal market performance is average, and the weaving operating rate continues to decline. Overall, the cost demand is average, and the nylon filament market is weak and stable, with a wait-and-see attitude.

According to the Commodity Market Analysis System of Shengyi Society, the market price trend of nylon filament remained stable last week (August 5-11). As of August 11, 2024, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 18640 yuan/ton, which is the same as the previous week’s price. The price of nylon POY (premium product; 86D/24F) is 16275 yuan/ton, which is the same as last week’s price.. The price of nylon FDY (premium: 40D/12F) is reported at 19725 yuan/ton, which is the same as the previous week’s price.

Weak decline in raw materials

Last week (August 5-11), the market fundamentals for nylon filament raw material caprolactam remained stable, with limited support for nylon filament. The supply expectation is slightly tight, and downstream nylon PA6 production remains at a high level, with stable demand. The supply expectation of caprolactam is slightly tight, and it is expected that the caprolactam market will be slightly better organized in the later stage.

Nylon PA6 chips, currently with stable raw material prices, have limited cost support, and downstream on-demand procurement has created a strong trading atmosphere in the market. It is expected that the caprolactam market will stabilize and weaken in the later stage.

Supply demand

This week (August 5-11), nylon manufacturers maintained stable operating loads and sufficient supply of goods. In August, it was the traditional off-season for textiles, and downstream demand was weak. The weaving start-up rate continued to decline, and downstream manufacturers continued to purchase according to demand, resulting in a downward trend in demand for nylon spinning.

Future forecast

The spot market for raw materials such as caprolactam and PA6 is expected to be slightly better organized, with normal on-site supply and weak downstream demand. With the disappearance of high temperature weather, the trading atmosphere for nylon civilian silk may slightly rebound, but it will still be mainly based on on-demand procurement. Business analysts predict that the short-term nylon filament market will follow the operation of raw material consolidation, and prices will mainly fluctuate and consolidate in a narrow range.