This week (July 22-26), the market fundamentals of CPL, an upstream raw material for polyamide filament, remained stable, and prices stopped falling; The polyamide filament market followed the trend of horizontal consolidation of raw materials, with stable prices, industry operating rates maintained, and little change in on-site supply. The inventory levels of various manufacturers were average, and inventory pressure was not high. Downstream weaving had weak purchasing power desire for polyamide filament, and downstream demand followed up as needed. Overall, cost demand remained stable, and the polyamide filament market will mainly consolidate weakly.

Market prices stop falling

According to the Commodity Market Analysis System of SunSirs, this week (July 22-26), the polyamide filament market was flat and stable with weak prices. As of July 26, 2024, the price of polyamide filament DTY (premium product; 70D/24F) in Jiangsu region was 18,640 RMB/ton, which was the same as last week's price; Polyamide POY (premium product; 86D/24F) quoted 16,275 RMB/ton, unchanged from last week's price; The price of polyamide FDY (premium: 40D/12F) was quoted at 19,725 RMB/ton, which was the same as last week's price.

Raw materials stopped the decline

This week (July 22-26), the market fundamentals of polyamide filament raw material CPL remained stable, with limited support for polyamide filament. Starting from July 16th, Sinopec's pure benzene listing price has been lowered by 200 yuan to 8,600 RMB/ton, and all refineries along the Yangtze River and coastal areas have uniformly implemented this price. The support for the CPL market has weakened. The upstream pure benzene was weakening, the downstream operating rate was average, the demand for raw materials was weak, and the terminal demand was weak. The maintenance of the enterprise's CPL plant was gradually completed, and the market supply was loose. PA6 slices, temporarily with stable raw material prices, had limited cost support, and downstream on-demand procurement had created a strong trading atmosphere in the market. It is expected that the CPL market will stabilize to weaken in the later stage.

Supply and demand

This week (July 22-26), polyamide manufacturers had maintained stable operating loads and sufficient supply of goods. As entering July, the traditional off-season for textiles has arrived, and downstream demand was weak. Downstream manufacturers were holding on to on-demand purchasing, resulting in a downward trend in demand for polyamide spinning.

Market outlook

With the weak spot market for raw materials such as CPL and PA6, limited cost support, and normal supply within the market, downstream demand was showing a weaker trend. SunSirs’ analysts predict that the short-term polyamide filament market will mainly follow the weak trend of raw material consolidation, and prices will mainly fluctuate and consolidate in a narrow range.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.