Last week (May 13-19), the market price of raw material caprolactam increased slightly, and the price of nylon filament followed suit. Downstream demand was stable, and the operating rate of the nylon filament industry was at a high level. There was little change in on-site supply, and the inventory levels of various manufacturers were average, with little inventory pressure. Downstream manufacturers are multi-dimensional and purchase according to demand, with overall stable demand. Overall, the cost side tends to rise strongly, with little change in on-site supply and stable terminal demand.

Market price trend

According to the commodity market analysis system of Business Society, last week (May 13-19), the price center of nylon filament rose. As of May 19, 2024, the price of DTY nylon filament (premium product; 70D/24F) in Jiangsu region is 19040 yuan/ton, an increase of 80 yuan/ton from last week, with a weekly increase of 0.42%; Nylon POY (premium product; 86D/24F) is priced at 16700 yuan/ton, an increase of 75 yuan/ton from last week, with a weekly increase of 0.45%; The price of nylon FDY (premium product: 40D/12F) is quoted at 20050 yuan/ton, which is the same as last week’s price.

Strong operation of raw materials

Last week (May 13-19), the market price of caprolactam, a raw material for nylon filament, was relatively strong and increased. The price of raw material pure benzene remains stable with minor fluctuations, and cost support is still acceptable. The downstream operating rate has increased, leading to a positive demand for raw materials and an increase in terminal demand. Some companies are planning maintenance for their caprolactam units, leading to a tightening of market supply. According to the Commodity Market Analysis System of Business Society, the average market price of caprolactam in China was 13122 yuan/ton on May 19th. On May 13th, the average market price of caprolactam in China was 12950 yuan/ton, with a weekly increase of 1.25%. The improvement in terminal demand, coupled with a decrease in market supply, has driven up the price of caprolactam. It is expected that the short-term market trend of caprolactam will continue to be strong.

Supply and demand

Last week (May 13-19), nylon manufacturers maintained a stable operating load, with sufficient supply of goods and little inventory pressure. Entering May, downstream demand is gradually increasing, and downstream manufacturers are multidimensional and purchasing according to demand, maintaining stable demand in the nylon spinning field.

Future Market Forecast

The spot market for raw material caprolactam is relatively strong, with reasonable support on the cost side. On site supply remains normal, and downstream procurement is mainly based on demand. Analysts from Business Society predict that the short-term nylon filament market will mainly follow the stable and moderate preference of raw materials, and the price will move up in a narrow range with large stability and small fluctuations.