Affected by the sharp increase in costs, the price of nylon filament continued to rise this week (March 7-11), with the weekly increase of mainstream nylon filament products exceeding 1,000 yuan/ton. The cost-end support has increased significantly, the spot supply on the market has remained stable, and the start-up of nylon manufacturers has remained high. Although manufacturers are actively selling goods, downstream end customers have insufficient confidence in the market outlook and still need to follow up to further digest the gains. The trading atmosphere is average.
Nylon POY (86D/24F) price chart
Price and price chart of mainstream nylon filament products
Upstream raw material market
Nylon filament industry chain price rise and fall chart
This week (March 7-11), the market price of caprolactam is rising day by day. According to data from the SunSirs bulk list, as of March 11, the average domestic liquid caprolactam market price was 15,200 yuan/ton, an increase of nearly 1,300 yuan/ton from last week, an increase of 9.88%. The cost support pressure of caprolactam has increased. Some manufacturers on the market have reduced their workload and reduced production. The overall supply has decreased. The spot price on the market has gradually climbed to a high level. Although the level of downstream polymerization start-up has increased slightly, most manufacturers have limited ability to accept high-priced goods and only have a small amount. It is urgent to follow up. Caprolactam manufacturers suffered serious losses in the early stage and were reluctant to sell at low prices. Offers stayed at high levels, and downstream buyers followed up as needed. In the short term, the caprolactam market digested gains and remained stalemate at high levels.
Demand side: The start-up of nylon manufacturers remains at a high level. Although manufacturers are actively selling goods, downstream end customers lack confidence in the market outlook and purchase on demand. As prices continue to rise, downstream enthusiasm for follow-up weakens, and the overall transaction is not optimistic.
Market outlook forecast
Currently, the price of domestic nylon filament is at a high level, the raw material market is fluctuating, and the favorable support on the cost side has slightly increased or maintained. The spot supply on the market remains sufficient, but the demand side is always not optimistic, and some manufacturers have inventory pressure. As crude oil prices fall on Thursday, the cost of the nylon industry chain will fluctuate downwards. It is expected that the market price of nylon filament will fluctuate in the short term.
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