News summary
Last week, the market price of caprolactam rose 1.1 percentmulticadearcade.25%, with strong cost support. Nylon filament prices have risen, the industry's operating rate has remained high, and inventory pressure has not been great. Demand is stable, and the market is expected to stabilize in the short term.
Newsletter text
[Nylon filament prices rise, market supply is tightening]
The price of raw material caprolactam achieved a strong rise, driving the price of nylon filament to follow suit. The nylon filament market supply is stable and the demand side performance is stable.
According to commodity market analysis, nylon filament prices showed an upward trend last week. The price of high-quality nylon DTY products in Jiangsu is 19040 yuan/ton, with a weekly increase of 0.42%multicadearcade; The price of nylon POY superior products was 16700 yuan/ton, a weekly increase of 0.45%; the price of nylon FDY superior products remained stable.
In terms of nylon filament raw materials, the price of pure benzene has stabilized, downstream units are planned for maintenance, and market supply has decreased, pushing the price of caprolactam to increase. As of May 19, the average market price of caprolactam was 13122 yuan/ton, up 1.25% from the beginning of the week.
The starting load of nylon manufacturers remains stable and the supply of goods is sufficient. As downstream demand rebounded in May, manufacturers maintained on-demand procurement, and demand in the nylon spinning field continued to be stable.
Analysts predict that in the short term, the nylon filament market will continue to be affected by the strong raw material prices, with the market stable and the price moving up slightly.