This week (October 14-18, 2024), the bearish trend dominated the nylon filament market, and the trend continued to decline. The upstream raw material market continues to decline, with weakened cost support and no improvement in downstream terminal market demand. Downstream manufacturers are holding onto their essential needs and following suit. The trading atmosphere in the market is average, and many businesses are adopting a cautious and wait-and-see attitude.

According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament continued to decline this week (October 14-18, 2024). As of October 18, 2024, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 17780 yuan/ton, a decrease of 180 yuan/ton or 1% from the beginning of last week; Nylon POY (premium product; 86D/24F) is priced at 15300 yuan/ton, a decrease of 175 yuan/ton from last week, with a weekly decline of 1.13%. The price of nylon FDY (premium product: 40D/12F) is reported at 19300 yuan/ton, a decrease of 175 yuan/ton or 0.92% compared to last week.

Weak raw materials continue to decline

This week (October 14-18, 2024), in terms of nylon filament raw material caprolactam, the market sentiment is bearish, and the industry chain is mostly pessimistic. On site supply is gradually easing, and prices continue to decline. As of October 18, the benchmark price of caprolactam in Shengyi Society was 11450 yuan/ton, a decrease of 1.08% from last week.

Supply demand

This week (October 14-18, 2024), the overall supply of nylon filament market remained stable, and most of the nylon filament market facilities were operating steadily. Currently, the daily production of nylon filament market is running at around 8.4%. On the demand side, the traditional peak season for textile production in October did not meet expectations, and the “Silver Ten” event did not materialize. Demand did not substantially improve, coupled with weak costs. Weaving manufacturers have mostly maintained stable production, and foreign trade brands have gradually issued orders. However, the order volume is still mainly in the form of a small number of multiple orders, and there are still few bulk goods. Lack of market confidence.

Future forecast

Although entering the traditional peak season for textiles, downstream market demand will improve to some extent, but there is currently no obvious sign of improvement, and on-demand procurement is still the main focus; The cost side caprolactam market is mainly weak, and the cost side support for nylon filament is weak. Pessimistic sentiment is pervasive in the market, and demand is unlikely to improve significantly. Business analysts predict that the short-term nylon filament market will mainly consolidate and operate weakly.