Since mid to late July, the cost support and demand for goods have increased enthusiasm, and the price of nylon filament has continued to rise. This week (August 14th to August 18th, 2023), with a slight decline in high raw material prices and an increase in inventory, the high price of nylon filament has loosened. The nylon industry has maintained stable operation, with sufficient supply and overall oversupply. From a terminal perspective, the current textile market is in a traditional off-season. With the approaching of the "Golden Nine Silver Ten" period, the market is looking forward to an improvement in the market and a rebound in corporate confidence.

Supply demand

At present, the cost pressure on nylon filament is high, and the market industry operates at a breakeven rate with sufficient supply. The overall market is still in a state of oversupply, and the traditional peak season for textiles is approaching. There is a demand for stocking downstream, and transactions have improved. There is a bullish atmosphere in the market, with buying up rather than buying down. The overall stocking atmosphere on the market has improved, but the overall confidence in the market has improved compared to before. The nylon industry is expected to add 100000 tons of production capacity from August to September, and currently there is no maintenance plan for the nylon industry. The supply volume of the nylon industry may significantly increase from August to September.

Future prospects

With the arrival of the traditional "golden nine silver ten" peak season, the market is hoping for an improvement in the market and a rebound in corporate confidence, but the situation of weak terminal demand is difficult to change. The production capacity of the future industry will increase, and the supply volume may significantly increase. The supply-demand contradiction still exists, resulting in bottom-up negative feedback, which is negative for the price trend of nylon filament. There is no room for the rise of raw materials such as caprolactam and PA6, and in the short term, the price of raw materials will open a downward channel. Overall, analysts from Business Society predict that in the short term, the nylon filament market will be mainly weak, volatile, and consolidation, with prices likely to decline slightly.

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