Last week (July 7-13, 2025), the upstream raw material market prices were weak and fell, with insufficient cost support. Downstream manufacturers held onto their demand and followed suit, with no positive support from both the cost and demand sides. Some downstream manufacturers reduced production or stopped production for holidays, and the demand side remained weak. Some nylon filament manufacturers had poor shipments, and low-priced sources increased in the market. With mixed news on the market, the price of nylon filament was under pressure and slightly decreased.
Nylon filament prices are under pressure and falling
According to the Commodity Market Analysis System of Shengyi Society, last week (July 7-13, 2025), the price of nylon filament fell weakly. As of July 13, 2025, DTY (premium product) of nylon filament in Jiangsu region; 70D/24F) quoted 14700 yuan/ton, a decrease of 160 yuan/ton compared to the previous period, with a weekly decrease of 1.08%; Nylon POY (premium product; 86D/24F) quoted 12400 yuan/ton, a decrease of 125 yuan/ton compared to the previous period, with a weekly decrease of 1.00%; The price of nylon FDY (premium product: 40D/12F) is reported at 15325 yuan/ton, a decrease of 125 yuan/ton from the previous period, with a weekly decline of 0.81%.
Short term support for raw material storage
In terms of cost: Last week (July 7-13, 2025), the spot market price of caprolactam was relatively strong during the week, with a weekly settlement price of 9160 yuan/ton for Sinopec’s high-end caprolactam. The nylon PA6 chip market experienced a slight decline, with insufficient support on the cost side. As of July 13, 2025, the benchmark price of caprolactam in Shengyi Society was 8970 yuan/ton, with a weak price and a weekly decline of 2.92%. During the week, the market price of high-speed spun nylon PA6 slices slightly decreased, with a 2.2% drop in nylon PA6 prices, mainly due to weak cost support.
Supply and demand: During the week, some nylon filament manufacturers have lowered their operating rates, resulting in a decline in overall market supply. However, industry inventory levels continue to increase, leading to poor performance on the supply side; The demand in the end market is weak, and some downstream manufacturers have reduced production or switched production, resulting in a decrease in demand for nylon filament. It is difficult to find favorable support from the demand side, and many parties are following suit with rigid demand. Many industry players are adopting a cautious and wait-and-see attitude.
Future forecast
Cost aspect: In terms of caprolactam, the expectation for pure benzene is weak, and slice manufacturers have low enthusiasm for purchasing caprolactam. It is expected that the caprolactam market will continue to decline next week; In terms of PA6 slicing, cost support is limited, and the supply level of PA6 slicing market may continue to improve. Downstream market demand is weak, and it is expected that the market price of nylon PA6 slicing will decline.
Supply and demand: July belongs to the off-season of traditional demand in the market, and coupled with the lack of signs of improvement in terminal market demand, downstream market procurement enthusiasm is not high. Therefore, it is expected that the demand for nylon filament market next month may decrease. If there is no significant improvement in demand, under the pressure of large inventory, some nylon filament manufacturers may have the possibility of reducing production capacity, while the industry continues to release new production capacity. Therefore, it is expected that the supply of nylon filament market will decrease next month.
Overall, both the upstream raw material caprolactam spot market and the nylon PA6 chip market are likely to continue to decline, with a lack of cost support and difficulty in improving downstream market demand. The demand side is dragging down market trends, and under the dual negative factors, analysts from Shengyi Society predict that the short-term nylon filament market prices will continue to be weak, with a expected decline of 100-300 yuan/ton.
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