Last week (September 2-8), the nylon filament market continued to maintain a stable trend, with prices temporarily stabilizing and consolidating. There is currently no significant improvement in downstream demand, and downstream manufacturers are following up on demand from multiple parties. The trading atmosphere in the market is still mainly flat; Raw material side: Sinopec’s high-end caprolactam weekly closing price has been lowered, while the market price of nylon PA6 chips remains stable, with average cost support; The industry’s operating rate remains stable, with little change in on-site supply. The inventory levels of various manufacturers are average, and inventory pressure is not significant. There is a lack of positive news to boost the market, and there is a strong wait-and-see atmosphere among industry players.

According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament remained stable last week (September 2-8). As of September 8, 2024, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 18680 yuan/ton, which is the same as the price at the beginning of the month. Nylon POY (premium product; 86D/24F) is priced at 16300 yuan/ton, which is the same as the price at the beginning of the month. The price of nylon FDY (premium: 40D/12F) is reported at 19725 yuan/ton, which is the same as the price at the beginning of the month.

Stable raw materials are the main focus

Last week (September 2-8), the basic situation of the nylon filament raw material caprolactam market was stable, with average cost support. There was a certain increase in the supply and demand of the caprolactam market, but there was a lack of significant boost in terminal demand. On September 8, the benchmark price of caprolactam in Shengyi Society was 12828.33 yuan/ton, which was the same as the price at the beginning of this month.

Supply and demand: Last week (September 2-8), the overall supply of nylon filament market remained stable. Most of the nylon filament market facilities are operating stably, and currently the daily production rate of the nylon filament market is around 8.4%. Good support from the demand side is difficult to find, the speed of on-site cargo flow is average, trading activity is average, and market confidence is insufficient.

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 expected to remain generally stable, while the cost side support for nylon filament is limited. Business analysts predict that in the short term, the nylon filament market will mainly stabilize and operate, with prices fluctuating narrowly.