SunSirs: Polyamide DTY Prices are Stable and the Market is Wait-and-see

Last week (August 5-11), the market fundamentals of caprolactam, the upstream raw material of polyamide DTY, were flat and prices were stable; downstream demand was mainly rigid demand follow-up, polyamide DTY market was sideways, and manufacturers were mainly stable and wait-and-see. The industry's operating rate remained, the supply in the field did not change much, the inventory level of each manufacturer was average, the inventory pressure was not great, the downstream terminal market performed generally, and the weaving machine operating rate continued to decline. Overall, the cost demand performed generally, and the polyamide DTY market was weak and stable and wait-and-see.

According to the commodity market analysis system of SunSirs, the market price trend of polyamide DTY market was stable last week (August 5-11). As of August 11, 2024, the price of polyamide DTY (superior product; 70D/24F) in Jiangsu region was 18,640 yuan/ton, the same as the price of the previous week. polyamide POY (superior product; 86D/24F) was quoted at 16,275 yuan/ton, the same as the price of the previous week. . The price of polyamide FDY (superior product: 40D/12F) is 19,725 yuan/ton, which is the same as the price of the previous week.

Raw materials fell weakly

Last week (August 5-11), the market fundamentals of polyamide DTY raw material caprolactam were stable, and the support for polyamide DTY was limited. The supply is expected to be slightly tight, and the downstream nylon PA6 basically maintains a high start-up, and the rigid demand is stable.

The supply of caprolactam is expected to be slightly tight. It is expected that the caprolactam market will be slightly better in the later period.

Nylon PA6 chips, the current stable operation of raw material prices has limited cost support, and the downstream on-demand procurement has made the market transaction atmosphere strong. It is expected that the caprolactam market will be stable and weak in the later period.

Supply and demand

This week (August 5-11), nylon manufacturers started to maintain stable load, and the supply of goods was sufficient. In August, it was the traditional off-season for textiles, the downstream demand was weak, and the weaving machine rate continued to decline. Downstream manufacturers mostly maintained on-demand purchases, and the demand for nylon spinning was downward.

Market Forecast

The spot market of raw materials caprolactam and PA6 will be slightly better, the supply in the market will remain normal, and the downstream demand will be weak. With the fading of high temperature weather, the trading atmosphere of nylon civilian silk may rebound slightly, but it will still be mainly purchased on demand. Analysts of SunSirs predict that the short-term nylon filament market will mainly follow the raw material consolidation, and the price will fluctuate in a narrow range.

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