This week (April 21-27, 2025), the upstream raw material market prices continued to decline, while downstream manufacturers held onto their demand and followed suit. There was no positive support from both the cost and demand sides, and some nylon filament manufacturers had high inventory. With mixed news on the market, the price trend of nylon filament continued to decline.
According to the Commodity Market Analysis System of Shengyi Society, the price of nylon filament continued to decline weakly this week (April 21-27, 2025). As of April 27, 2025, DTY (premium product) of nylon filament in Jiangsu region; 70D/24F) quoted 15340 yuan/ton, a decrease of 140 yuan/ton from last week’s price, a weekly decrease of 0.90%; Nylon POY (premium product; 86D/24F) quoted 12675 yuan/ton, a decrease of 225 yuan/ton from last week’s price, a weekly decrease of 1.74%; The price of nylon FDY (premium: 40D/12F) is reported at 15875 yuan/ton, a decrease of 200 yuan/ton or 1.24% from last week’s price.
The raw material market continues to decline
In terms of cost, the weekly closing price of Sinopec’s high-end caprolactam has been lowered to 9430 yuan/ton. The market price of high-speed spinning nylon PA6 slices has continued to decline during the week, and the price center of the raw material market has declined. It is difficult to find favorable support for the cost side. As of April 27, 2025, the benchmark price of caprolactam in Shengyi Society was 9360 yuan/ton, with a weekly decline of 3.11%. During the week, the market price of high-speed spun nylon PA6 chips fell sharply, with a 2.92% drop in nylon PA6 prices, indicating weak cost support.
Supply and demand: This week (April 21-27, 2025), some nylon filament manufacturers lowered their equipment operating rates to control inventory, resulting in a decline in overall industry supply and mediocre performance on the supply side; The issuance of new orders in the terminal market is limited, and there is a certain degree of risk aversion in the downstream market. The purchasing enthusiasm is not high, and the demand side is dragging down the market trend. The market price of nylon filament is under pressure and declining, and the overall profit margin of the market is not ideal.
Future forecast
Cost aspect: There is a lack of significant boost in raw material supply, and there is ample supply of caprolactam in the market. Downstream enthusiasm for receiving goods is not high, and it is expected that the market price of caprolactam will narrow down next week. In terms of nylon PA6 slicing, the negative pressure on the cost side has decreased, and the operating level of the nylon PA6 slicing market is at a low level. Downstream manufacturers may gradually replenish their inventory due to low demand. It is expected that the nylon PA6 slicing market will slightly decline next week. Therefore, it is expected that there may be a possibility of a decline in the raw material market prices next week.
On the supply and demand side, shipments are not ideal, inventory continues to accumulate, and some nylon filament manufacturers still have plans to lower their operating loads. It is expected that the supply of nylon filament in the market may still decrease in the short term; The demand in the terminal market remains weak, and downstream manufacturers are holding onto rigid procurement. There is no sign of improvement on the demand side, so it is expected that the demand side of the nylon filament market will perform poorly next week.
Overall, the spot market for raw material caprolactam and the PA6 chip market may continue to decline, with a lack of cost support. Some downstream manufacturers have plans to reduce production, making it difficult for demand to improve. Business analysts predict that the nylon filament market prices will continue to decline next week, with an expected drop of 100-200 yuan/ton.