After the holiday, the weekly settlement price of caprolactam, an upstream raw material for nylon yarn, increased, and the market for high-speed spinning of nylon PA6 chips saw a narrow rise, with increased cost support; The operating rate of most nylon filament manufacturers’ equipment is still at a low level, and the on-site supply continues to decrease. The inventory levels of various manufacturers have slightly increased, and the performance of the supply side is average; The downstream factories plan to resume work slightly later, and some manufacturers mainly execute early orders, with low enthusiasm for replenishment and no significant improvement in demand. Overall, the upstream raw material market continues to rise, with decent cost support. Nylon filament and downstream manufacturers are mostly on vacation, with low trading activity in the market, resulting in a slight increase in nylon filament market prices.
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, the market price of nylon filament fell weakly after the holiday. As of February 9, 2025, the price of nylon filament DTY (premium product; 70D/24F) in Jiangsu Province is 16660 yuan/ton, an increase of 100 yuan/ton or 0.60% compared to the pre holiday price; Nylon POY (premium product; 86D/24F) is priced at 14275 yuan/ton, an increase of 100 yuan/ton or 0.71% from the pre holiday price. The price of nylon FDY (premium product: 40D/12F) is reported at 17300 yuan/ton, an increase of 75 yuan/ton or 0.44% compared to the pre holiday price.
The center of gravity of raw materials is increasing
In terms of cost, on February 10th, Sinopec’s high-end caprolactam weekly settlement price was implemented at 11450 yuan/ton (interest free acceptance for liquid superior products in June), an increase of 150 yuan/ton compared to the previous week’s settlement price., The market price trend of high-speed spun nylon PA6 chips is upward, and the price center of raw materials in the market has increased during the week, providing certain favorable support for the nylon filament market.
Supply and demand: The operating rate of most nylon filament manufacturers’ equipment is still at a low level, and currently the nylon filament market is operating at around 5.90%. The on-site supply continues to decrease, and the inventory levels of various manufacturers have slightly increased. The performance of the supply side is average; The downstream factories plan to resume work slightly later, and some manufacturers mainly execute early orders, with low enthusiasm for replenishment and no significant improvement in demand. Overall, the upstream raw material market continues to rise, and the cost side support is still acceptable. Nylon filament and downstream manufacturers are mostly on vacation, and the trading activity in the market is not high.
Future forecast
Cost aspect: In terms of caprolactam, the raw material pure benzene has been consolidated at a high level, and the market supply of caprolactam is normal. Downstream demand follow-up is the main trend, and some operators have a positive attitude. It is expected that the market price of caprolactam will steadily rise in the short term.
Supply and demand side: With the end of the holiday, nylon filament manufacturers may gradually resume work, and there is a possibility of a gradual increase in on-site supply. It is expected that the supply of nylon filament in the market will increase narrowly in the short term; The downstream market plans to resume work relatively late, which limits the increase in demand for nylon filament market and makes it difficult for the demand side to show significant improvement. Therefore, it is expected that the demand side support for short fiber nylon filament market will be insufficient.
Overall, the short-term nylon filament raw material caprolactam spot market and PA6 slicing market may continue to rise, with cost support remaining. Downstream manufacturers may gradually resume work and purchase according to demand. Business analysts predict that the short-term nylon filament market price will be cautiously upward, with an expected increase of 100-300 yuan/ton.
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