Introduction: The nylon filament market is running weakly and prices are falling.
Recently, the listing price of raw material caprolactam has been lowered, and the offer price of polymerization plants has been narrowly lowered. The market has been sluggish, and the role of cost support has weakened. The supply of goods on the market is sufficient, and the demand in the downstream terminal market is average.
Nylon POY (86D/24F) price chart
According to the price monitoring of the business community, as of March 2, 2022, the quoted price of nylon filament DTY (high-quality product; 70D/24F) in Jiangsu is 19,780 yuan/ton, a decrease of 120 yuan/ton from the previous day’s price; nylon POY (high-quality product; 86D/24F) was quoted at 17,125 yuan/ton, down 150 yuan/ton from the previous day’s price; nylon FDY (high-quality product: 40D/12F) was quoted at 20,666 yuan/ton, down 134 yuan/ton from the previous day’s price.
Raw material market: The listing price of raw material caprolactam was lowered, and the quotations of polymerization plants were narrowly lowered. The market was weak. The pure benzene market fluctuated and consolidated, with little change in cost support. Some units on the site were running with load, and the supply of goods was sufficient. Downstream buyers were cautious in accepting orders. New orders were difficult to complete at high prices, and market transactions were light.
Outlook for the market outlook: The current focus of the nylon filament market is weak, the upstream raw material market is running weakly, the role of cost support has weakened, the spot supply on the market is sufficient, and the downstream terminal market demand is average, follow up as needed. SunSirs analysts predict that the nylon market will run weakly in the short term and prices will continue to decline within a narrow range.
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