Price trend

According to the Commodity Market Analysis System of SunSirs, the price of nylon filament continued to decline slightly this week (June 5-9). As of June 9, 2023, the quotation for nylon filament DTY (premium product; 70D/24F) in Jiangsu region was 17,960 RMB/ton, a decrease of 20 RMB/ton compared to last week's price; The price of nylon POY (premium product; 86D/24F) was 15,725 RMB/ton, a decrease of 50 RMB/ton compared to last week's price; The price of nylon FDY (premium product: 40D/12F) was quoted at 18,600 RMB/ton, which was the same as last week's price.

Analysis review

This week (June 5-9, 2023), the upstream raw material CPL market continued to weaken, and the price stopped falling; Downstream demand was commonly following up, and the price of nylon filament was still weak and declining, but the decline had weakened,. From the supply side perspective, the nylon industry maintained stable operation, with sufficient supply of goods and no decline in supply; From a downstream perspective, the demand in the downstream and terminal side was still weak, and the demand was still not as expected. The overall market confidence was insufficient, and the overall market was still in a state of oversupply.

Upstream raw material market

This week (June 5-9, 2023), the market price of raw material CPL stopped falling, and the cost support was limited. As of 9th, the supply and demand of CPL market iwas balanced, and the downstream purchase was mainly based on demand. The market transaction was cautious. According to the commodity market analysis system of SunSirs, the average price of domestic liquid CPL market was 12,210 RMB/ton on June 9, up 0.6% within the week. Recently, the price of raw material pure benzene remained stable, and the terminal demand was relatively flat, there was a game between supply and demand in the market. It is expected that in the short term, CPL market price will mainly be consolidated to be stable.

Supply and demand

As of June 9, the nylon filament market operated at a low cost and with sufficient supply, but the overall market was still in a state of oversupply. The demand in the downstream terminal weaving market was lower than expected, and the demand was average.

Market outlook

The nylon market was in a weak position, with the upstream raw material market weakening and limited cost support. Nylon manufacturers had stable operations and production capacity, and production and sales in downstream and terminal markets improved. However, it was still unclear and the overall market confidence was insufficient. Analysts from SunSirs predict that in the short term, the nylon filament market will mainly focus on weak consolidation and operation, and attention should be paid to the upstream raw material market.

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