SunSirs: Long and Short Factors Dominated, and the Nylon Filament Market Narrowly Declined

https://www.chemnet.com   Jun 26,2024 SunSirs

Last week (June 17-23), the market supply of CPL, a raw material for nylon filament, was loose, and prices fell; The nylon filament market was following the downward trend of raw materials, with industry operating rates maintaining and little change in on-site supply. The inventory levels of various manufacturers were average, and inventory pressure was not high. Demand was weakly downward. Overall, the cost and demand were affected by both positive and negative factors, resulting in a narrow decline in the nylon filament market.

The market prices narrowly declined

According to the Commodity Market Analysis System of SunSirs, last week (June 17-23), the price center of nylon filament saw a narrow downward trend. As of June 23, 2024, the price of DTY nylon filament (premium product; 70D/24F) in Jiangsu region was quoted at 19,280 RMB/ton, a decrease of 20 RMB/ton from the beginning of the week, with a weekly decrease of 0.10%; Nylon POY (premium product; 86D/24F) was priced at 16,925 RMB/ton, a decrease of 50 RMB/ton from the beginning of the week, with a weekly decrease of 0.29%; The price of nylon FDY (premium product: 40D/12F) was quoted at 20,225 RMB/ton, a decrease of 50 RMB/ton from the beginning of the week, with a weekly decrease of 0.25%.

Raw materials was weakly sorting out

Last week (June 17-23), the market supply of CPL, a raw material for nylon filament, was loose, and prices fell, providing limited support for nylon filament. The upstream pure benzene had slipped, and the downstream operating rate was average, resulting in weak demand for raw materials and weak terminal demand. The maintenance of the CPL plant in the enterprise was gradually completed, and the market supply was loose. PA6 slicing was temporarily experiencing limited cost support due to stable raw material prices, and downstream on-demand procurement had created a strong trading atmosphere in the market. It is expected that the PA6 slicing market will experience weak consolidation in the near future.

Supply and demand

Last week (June 17-23), nylon manufacturers maintained a stable operating load, with sufficient supply of goods and little inventory pressure. Last week, downstream demand was weak, and downstream manufacturers held on to purchasing according to demand, resulting in a downward trend in demand for nylon spinning.

Future analysis

With a slight decline and consolidation in the spot market for raw materials such as CPL and PA6, but limited cost support, on-site supply remained normal, and downstream demand showed a weak trend. Analysts from SunSirs predict that in the short term, nylon filament market will mainly follow the weak trend of raw material consolidation, and prices will mainly decline narrowly and consolidate.

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