This week (June 12-16, 2023), the upstream raw material Caprolactam market continued to weaken, and the price fell slightly; Downstream demand has been slow to follow up, with on-demand procurement being the main focus, and the price of nylon filament continues to be weak and slightly decreases. From the supply side perspective, the nylon industry has maintained stable operation, with sufficient supply of goods and no decline in supply; From a downstream perspective, the demand in the downstream and terminal sectors is still weak, and the demand is still not as expected. The overall market confidence is insufficient, and businesses are cautious and watching. The overall market is still in a state of oversupply.

According to the Commodity Market Analysis System of Business Society, the price of nylon filament continued to decline slightly this week (June 12-16, 2023). As of June 12, 2023, the quotation for nylon filament DTY (premium product; 70D/24F) in Jiangsu region is 17860 yuan/ton, a decrease of 100 yuan/ton from last week's price, with a weekly decrease of 0.56%; Nylon POY (premium product; 86D/24F) is priced at 15500 yuan/ton, a decrease of 175 yuan/ton from last week's price, with a weekly decrease of 1.43%; The price of nylon FDY (premium product: 40D/12F) was reported at 18500 yuan/ton, a decrease of 100 yuan/ton from last week's price, with a weekly decrease of 0.54%.

This week (June 12-16, 2023), the market price of Caprolactam fell slightly. The price of raw material pure benzene has decreased, weakening cost support. The spot supply side of Caprolactam market still has support this week. Downstream procurement willingness is weak, and on-demand procurement is the main focus. According to the commodity market analysis system of the business community, the average price of domestic liquid Caprolactam was 12310 yuan/ton on June 12, and the average price of domestic liquid Caprolactam was 12200 yuan/ton on June 16. The price of Caprolactam fell 0.89% this week. Caprolactam analysts from the business community believe that the price of raw material pure benzene has continued to fall recently, and the cost side support is poor. The market supply is decreasing. At present, the market supply and demand are weak. It is expected that the narrow range finishing operation of the raw material Caprolactam market will be dominated in the short term.

Supply demand

At present, the nylon filament market is operating at a low cost and with sufficient supply, but the overall market is still in a state of oversupply. The demand in the downstream terminal weaving market is lower than expected, and the demand is average.

Future prospects

The current nylon market is in a weak position, with the upstream raw material market weakening and limited cost support. Nylon manufacturers have stable operations and production capacity, while production and sales in downstream and terminal markets are still uncertain. The overall market confidence is insufficient. Analysts from Business Society predict that the weak consolidation and operation of the nylon filament market will be the main focus in the short term.