This week (April 17-23, 2023), cost stability was maintained and nylon filament prices were firm. The supply of nylon manufacturers is sufficient, and the downstream weaving industry is operating steadily. In some regions, some specifications are selling well, but the overall market is still in a state of oversupply. The actual transaction is discussed in detail according to the order.

Market price trend

According to the commodity market analysis system of the Business Society, the price of nylon filament was strong this week (April 17-23). As of April 23, 2023, the quotation for DTY (premium product; 70D/24F) of nylon filament in Jiangsu region was 18520 yuan/ton; The quotation for nylon POY (premium product; 86D/24F) is 16250 yuan/ton; The price of nylon FDY (premium product: 40D/12F) is quoted at 19200 yuan/ton, which is consistent with last week’s price.

Upstream raw material market

This week (April 17-23, 2023), there is no significant change in the cost side. On April 21, the average price of domestic liquid caprolactam market was 12950 yuan/ton, with a weekly increase of 0.78% in the price of caprolactam. There are changes in on-site devices, the supply expectation is tight, supporting the firm offer of manufacturers, the downstream polymerization plants are on the sidelines, the actual purchase is cautious, bargain hunting or small order follow up, and it is expected that in the short term, the market price of caprolactam, the raw material, will be dominated by narrow consolidation and operation.

Future prospects

At present, the price of nylon market is stable, the upstream raw material market is stabilized, and the cost support function is temporarily maintained. Nylon manufacturers have stable starting and production capacity. The production and sales of downstream and terminal markets have improved, but it is still unclear, and the wait-and-see atmosphere is strong. Business Society analysts expect the nylon filament market to operate steadily in the short term.