In December 2022, the nylon filament market continued to be weak and the price fell. The supply of goods in the market remained sufficient and stable, the spot supply of raw material caprolactam was sufficient, the downstream demand was further cooled, and the weakness of nylon chips was followed up. The wait-and-see atmosphere of downstream enterprises has increased, the terminal textile and clothing consumption is still insufficient, the enthusiasm for fabric procurement is not high, and the market transaction atmosphere continues to be weak.
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Market price trend
Nylon price chart
Price trend chart of nylon POY (86D/24F)
According to the price monitoring of the business community, the price of nylon filament fell in December. As of December 31, 2022, the price of nylon filament DTY (superior product; 70D/24F) in Jiangsu Province was 16980 yuan/ton, 460 yuan/ton lower than the price at the beginning of the month, with a monthly drop of 2.64%; Nylon POY (superior product; 86D/24F) quoted 14725 yuan/ton, down 425 yuan/ton compared with the price at the beginning of the month, with a monthly drop of 2.81%; Nylon FDY (Premium: 40D/12F) price was 17750 yuan/ton, down 425 yuan/ton from the beginning of the month, with a monthly drop of 2.34%.
Upstream raw material market
Price rise and fall chart of nylon filament industry chain
Raw material caprolactam: according to the data of the business association, the domestic caprolactam was consolidated after falling in December, with the decline concentrated in the first ten days. On December 1, the average ex factory price of domestic caprolactam liquid was 12200 yuan/ton, and on December 30, the average ex factory price of domestic caprolactam liquid was 11066 yuan/ton, with a monthly price drop of 1134 yuan/ton, or 9.30%. Some caprolactam manufacturers have overhauled their devices, and some manufacturers have restarted their devices. The supply side has not changed much. The terminal demand is weak, a small amount of raw materials are purchased, and there are few deals on the market. In the case of weak supply and demand, caprolactam market is weak.
Raw material PA6: In December, the domestic PA6 market trend was negative, and the spot price gradually fell. According to the data monitoring of the business community, the average ex factory price of domestic PA6 was 13333.33 yuan/ton on December 30, up or down by – 4.31% compared with the price level at the beginning of the month.
Supply and demand
At present, nylon yarn starts stably, 70% of the total starts are on the high side, the on-site supply is sufficient, the inventory is high, and the market is dominated by many main forces to digest the inventory. On the whole, the textile market is hard to hide the weak trend this month. Weaving manufacturers’ enthusiasm for stocking raw materials has declined. The market atmosphere is cold and the terminal demand is weak. The weaving machine rate has also weakened again. Bad news has flowed out from many places. Most weaving factories maintain the minimum load production.
Future market forecast
The upstream raw materials are weak and low, and the supply of goods in the market remains stable. With the approaching of the Spring Festival, the downstream demand will further weaken, and the overall demand for textile terminals will show a decreasing trend. Analysts from the business community expect that the nylon filament market will continue its weak finishing operation in the later period.
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