In February, during the Spring Festival holiday, downstream weaving enterprises had insufficient production and there was not much demand for nylon filament. However, due to the cost side impact, the price of nylon filament followed the upward trend of raw materials. After the holiday, the market trend of raw materials and lactam has been strong, and the production of enterprise equipment has resumed. Nylon filament manufacturers have gradually returned to the market, and the market atmosphere has improved. Confidence in the market has increased, and the price of nylon filament has followed the rise of raw materials. Nylon factories have started construction one after another, and the supply of goods is sufficient. Downstream demand is gradually recovering, but on-demand procurement is still the main trend, and the situation of supply exceeding demand is still ongoing.

Market price trend

According to the commodity market analysis system of Business Society, in February 2024, the price of nylon filament followed the rise of raw materials. As of February 29, 2024, the quotation for DTY nylon filament (premium product; 70D/24F) in Jiangsu region is 19560 yuan/ton, an increase of 400 yuan/ton from the beginning of the month, with a monthly increase of 2.09%; Nylon POY (premium product; 86D/24F) is priced at 17325 yuan/ton, an increase of 375 yuan/ton from the beginning of the month, with a monthly increase of 2.21%; The price of nylon FDY (premium product: 40D/12F) is reported at 20500 yuan/ton, an increase of 325 yuan/ton from the beginning of the month, with a monthly increase of 1.61%.

Strong trend in raw materials

In February, the upstream raw material of nylon filament, caprolactam, had a strong market trend, with a positive cost side. After the holiday, the market opened well, and the upstream cost of pure benzene was strongly boosted. Caprolactam actively followed suit. The production of enterprise facilities has resumed, and downstream markets have gradually returned to the market after the holiday. Demand is stable, and the market atmosphere is improving. As of February 29th, the reference average price of caprolactam in the domestic market was 13912 yuan/ton, an increase of 150 yuan/ton or 1.20% compared to the beginning of the month. But at the end of the month, the raw material pure benzene showed a slight decline, and it is expected to follow the operation of raw material sorting in the later stage.

Supply and demand

In February, there was sufficient supply of nylon, and downstream demand gradually recovered after the holiday. Currently, the price of nylon silk is at a high level, and downstream weaving factories purchase according to demand. The transaction atmosphere is weak, and the downstream’s ability to receive raw materials is limited.

Future Market Forecast

The cost of raw material caprolactam is supporting, and the market may tend to be strong in consolidation and operation. Nylon filament factories have sufficient inventory, downstream demand is cautious, and new orders on the market follow steadily. However, with the arrival of textile gold, silver, and four, the demand side will increase. Nylon costs will be strong, and demand will gradually improve. Social analysts predict that the price of nylon filament is prone to rise but difficult to fall in the short term, mainly following the strong consolidation and operation of raw materials.