On May 18, the cost support was strong, the price of nylon filament rose slightly, the downstream customers had poor enthusiasm for taking goods, purchased on demand, the production and sales of nylon filament factory were general, and the inventory was high. All parties hold a cautious wait-and-see attitude towards the future market, the overall market is relatively flat, and the actual transaction price on the floor is negotiated flexibly.

Market price trend

Nylon price chart

Price trend of nylon POY (86d / 24F)

In terms of price, the price of mainstream nylon filament products increased slightly on May 18. According to the price monitoring of business society, as of May 18, 2022, the quotation of domestic nylon POY (excellent product; 86d / 24F) was 17825 yuan / ton, up 300 yuan / ton from yesterday, with a daily increase of 1.71%; The quotation of nylon filament DTY (superior product; 70D / 24F) is 20120 yuan / ton, up 200 yuan / ton compared with yesterday, with a daily increase of 1.00%; The price of nylon FDY (premium product: 40d / 12F) was reported at 21000 yuan / ton, up 175 yuan / ton from yesterday, with a daily increase of 0.84%.

Raw material cost side: raw material caprolactam rose after the festival, and enterprises mainly sold at a high price. According to the data of the bulk list of business society, the average price of domestic liquid caprolactam market was 13966 yuan / ton on May 9 and 14266 yuan / ton on May 17. It is expected that under the strong trend of raw materials, the price of caprolactam will rise in the short term.

Demand side: the downstream end market demand follows up slowly and purchases on demand, and the purchase volume is limited, resulting in the high inventory of nylon fiber.

Future forecast

From the perspective of supply and demand, the on-site supply of goods is sufficient. Although the goods are actively shipped, the enthusiasm of taking goods in the downstream terminal market is slightly cautious. Most customers set production by sales and just need to take goods. Business analysts expect that the nylon filament market is difficult to recover in the short term and will remain low. However, with the support of good cost side, the price follows the raw material market.