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Polyamide POY Polyamide FDY Polyamide DTY News
SunSirs: With a Wait-and-see Attitude, the Price of Polyamide Filament Was Stable
March 15 2023 11:38:24SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the price of polyamide filament was stable this week (March 6-10). As of March 10, 2023, the price of polyamide filament DTY (premium product; 70D/24F) in Jiangsu was 18,020 RMB/ton; The price of polyamide POY (premium product; 86D/24F) was 15,750 RMB/ton; The price of polyamide FDY (premium product: 40D/12F) was 18,750 RMB/ton, which was the same as that of last week.

Analysis review

This week (March 6-10), the price of polyamide filament was stable, the market supply was sufficient, the enthusiasm of downstream procurement was not good, and the trading atmosphere on the floor was light, and the parties were mostly wait-and-see. The price of CPL was basically stable, and the supply was slightly loose, and the production cost pressure of polyamide filament enterprises was not reduced.

Raw CPL: The price of CPL was basically stable this week (March 6-10), the upstream pure benzene market maintained a rising trend, and Sinopec pure benzene was listed up to 7,300 RMB/ton, but the overall supply of CPL was slightly loose, and the market atmosphere was relatively cautious. The downstream polymerization plants basically maintained the pace of on-demand procurement, and the spot transaction of CPL was stable. According to the monitoring data of SunSirs, the average market price of CPL in China was 12,300 RMB/ton as of March 10, which was the same as that of last week.

Raw material PA6: This week (March 6-10), the domestic PA6 market was weak and stable, and the downstream polyamide spinning factories were only interested in low-price chips, which improved the transaction of some low-price chips on the market, but still showed resistance to high-price chips.

Market outlook

In March, new downstream orders were not issued in a centralized manner, but the recovery of demand was still uncertain, and the polyamide filament factory load increased, the supply and demand side was difficult to be positive, the pressure on the production cost of polyamide filament was not reduced, the enterprises were willing to support high prices, and the market wait-and-see sentiment was strong. The analysts of SunSirs expect that the polyamide filament market will be stalemated and sorted in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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