Low cost, weak demand and sharp drop in nylon filament price

Last week (August 8-14), the raw material cost was low, the downstream demand continued to be weak, and the price of nylon filament fell sharply. The supporting role of the cost side continues to weaken. The supply of nylon fiber manufacturers is stable, but there is still resistance to shipment. It is difficult to trade at high prices in the market. The demand of the downstream end market is flat, and the overall market production and sales are flat.

 

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Market price trend

 

Nylon price chart

 

Price trend of nylon POY (86d / 24F)

 

According to the price monitoring of business agency, the price of nylon filament fell sharply last week (August 8-14). As of August 14, the price of domestic nylon POY (superior product; 86d / 24F) was 15775 yuan / ton, with a weekly drop of 825 yuan / ton and a weekly drop of 4.95%. Nylon DTY (premium product; 70D / 24F) was quoted at 18200 yuan / ton, down 900 yuan / ton this week, down 4.71% this week. The price of nylon FDY (premium product: 40d / 12F) is 18825 yuan / ton, with a weekly drop of 850 yuan / ton and a weekly drop of 4.32%.

 

Upstream raw material Market

 

Price rise and fall chart of nylon filament industry chain

 

Cost side: last week (August 8-14), the market price of raw material caprolactam continued to fall, and the spot price was running at a low level. The price fell from 12000 yuan / ton at the beginning of the week to 11433 yuan / ton at the end of the week, with a weekly drop of 4.72%. The terminal demand is in the low season. Most of the caprolactam enterprises suffered losses, the operating rate declined, the market was dominated by bad news, the price continued to decline, the cost side and the demand side were both depressed, and the decline continued. It is expected that the market price of caprolactam will continue to decline in the short term.

 

Supply and demand: since the end of June, the terminal demand has not improved at present. The terminal customers just need to follow up, and the downstream weaving factories are not active in purchasing. Some customers are more focused on sales and production, and mainly consume raw material inventory in the short term; The on-site supply of goods remains sufficient. Although some manufacturers have production reduction expectations, the on-site supply of goods remains sufficient.

 

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In general, the nylon market trend is weak and downward, the upstream raw material market is expected to decline in a narrow range, the supporting role of the cost side is weakened, the supply in the field remains stable, the downstream end market is affected by the atmosphere of buying up and not buying down, the enthusiasm for taking goods is not high, and the actual trading atmosphere in the field is flat.

 

Future forecast

 

Nylon filament has a weak supporting role on the cost side, sufficient supply of goods, and the demand side continues to be weak. There is not too much positive feedback at the terminal, and the market is mainly negative. Business analysts predict that the nylon filament market will continue to be weak in the later period, and the price will continue to fluctuate and decline in the short term.

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