Last week (January 30-February 5, 2023), the market price of nylon filament rose continuously after the holiday. After the festival, the cost of caprolactam, the raw material, was supported favorably, the spot price was tight, and the upstream and downstream demand was steadily followed up. The market of nylon chips and nylon filament is driven by cost. After the festival, the construction of nylon filament was relatively low, but the supply in the field was sufficient, the inventory was high, and the market was mainly dominated by the digestion of inventory. On the whole, the textile market is difficult to hide the weak situation. Weaving manufacturers are generally motivated to stock raw materials, and the atmosphere of rising is not high. Most downstream weaving factories maintain low load production.

Market price trend

According to the price monitoring of the Business Agency, the price of nylon filament rose continuously last week (January 30 to February 5, 2023). As of February 5, 2023, the price of nylon filament DTY (premium products; 70D/24F) in Jiangsu was 18160 yuan/ton, 520 yuan/ton higher than that of last week, with a weekly increase of 2.95%; Nylon POY (premium product; 86D/24F) quoted 15850 yuan/ton, up 300 yuan/ton from last week, up 1.93% per week; The price of nylon FDY (premium product: 40D/12F) was 18925 yuan/ton, up 500 yuan/ton from last week, up 2.71%.

Upstream raw material market

Raw material caprolactam: Last week (January 30 – February 5, 2023), the cost of raw material caprolactam was supported favorably, the spot price was tight, and the demand of upstream and downstream was steadily followed up, so the spot price rose continuously. According to the price monitoring of the Business Agency, the average market price of domestic liquid caprolactam on February 5 was 12833 yuan/ton, up 500 yuan/ton from last week, up 4.05% per week. It is expected that the caprolactam market will remain strong in the short term.

Supply and demand

After the Spring Festival, nylon filament enterprises started cautiously, and the overall production and supply of the market was sufficient, with the main force digesting the inventory. The operating rate of the downstream weaving industry has not completely recovered, and the market transaction is in the slow start stage. The grey fabric inventory in the factory has not changed much compared with that before the festival, and is still under high pressure. The enthusiasm of raw material stocking is not high, and the terminal demand is weak. Most weaving factories are at the lowest load production.

Aftermarket forecast

In the later stage, the cost support of nylon filament market is strong. With the increase of textile construction, the end demand is expected to improve, boosting market confidence to a certain extent. With the demand for replenishment of downstream enterprises after the festival, the analysts of the business association predict that there is still a narrow upward space for the market of nylon filament in the short term, so it is necessary to pay attention to the price change of raw materials.