This week (June 12-16, 2023), the upstream raw material caprolactam market continued to weaken, and the price fell slightly; Downstream demand to follow up slow, on-demand procurement, nylon filament prices continued weak slightly lower. From the supply side, the nylon industry started to maintain stability, sufficient supply of goods, and no decline in supply; From the downstream point of view, the downstream and terminal field demand is still weak, demand is still not as expected, the overall market confidence is not enough, the industry is cautious, the overall market is still in a state of oversupply.

According to the commodity market analysis system of the business community, this week (June 12-16, 2023), the price of nylon filament continued to decline slightly. As of June 12, 2023, Jiangsu nylon filament DTY (excellent products; 70D/24F) price 17,860 yuan/ton, down 100 yuan/ton from last week, weekly drop of 0.56%; Polyamide POY (excellent products; 86D/24F) quoted 15500 yuan/ton, down 175 yuan/ton from last week, a weekly decline of 1.43%; The price of nylon FDY (superior product: 40D/12F) was 18,500 yuan/ton, down 100 yuan/ton from last week, a weekly decline of 0.54%.

This week (June 12-16, 2023), caprolactam market prices fell slightly this week. The price of raw material pure benzene is reduced, and the cost support is weakened. The caprolactam market is still supported on the spot supply side this week. The downstream procurement intention is weak, and on-demand procurement is the main one. According to the commodity market analysis system of the business community, the average price of the domestic liquid caprolactam market on June 12 was 12,310 yuan/ton, and the average price of the domestic liquid caprolactam market on June 16 was 12,200 yuan/ton. Caprolactam fell 0.89% this week. Business caprolactam analysts believe that the price of raw material pure benzene has continued to fall recently, and the cost side is not well supported. The market supply is reduced, the current market supply and demand are weak, and it is expected that the raw material caprolactam market is mainly finished in a narrow range in the short term.

Supply demand

At present, the nylon filament yarn market industry is operating at a low opening and maintaining capital, and the supply is sufficient, but the overall market is still in a state of oversupply, and the downstream terminal weaving market demand is less than expected, and the demand is general.

Future market outlook

At present, the nylon market is weak, the upstream raw material market is weakening, the cost support is limited, the nylon manufacturers are stable, the production capacity is stable, the downstream and terminal market production and sales are still unclear, and the overall market confidence is insufficient. Business analysts expect in the short term nylon filament market weak finishing operation mainly.