Last week (August 12-18), the nylon filament market temporarily stabilized and consolidated. There is currently no significant improvement in downstream demand, and manufacturers are following up on demand from multiple parties. The trading atmosphere on the market is flat, and businesses lack confidence in the future market. Sinopec’s high-end caprolactam weekly closing price has increased, with good cost support but little change in 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. Overall, cost demand remains stable, and the price of nylon filament is generally stable.
According to the Commodity Market Analysis System of Shengyi Society, the market price trend of nylon filament remained stable last week (August 12-18). As of August 18, 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.
The trend of raw materials has slightly increased
Last week (August 12-18), the market fundamentals of nylon filament raw material caprolactam improved, with good cost support. 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.
Supply demand
Last week (August 12-18), 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 weak 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 purchasing. Business analysts predict that the short-term nylon filament market will mainly follow the positive consolidation of raw materials, and prices will mainly fluctuate upward in a narrow range.
| http://www.sulfamic-acid.com |