SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Customer
Service
Home > Polyamide POY Polyamide FDY Polyamide DTY News > News Detail
Polyamide POY Polyamide FDY Polyamide DTY News
SunSirs: The Transaction Atmosphere Was Flat, and the Polyamide Filament Market Was Temporarily Stable and Organized
August 21 2024 09:53:22SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the market price trend of polyamide filament remained stable last week (August 12-18). As of August 18, 2024, the price of polyamide filament DTY (premium product; 70D/24F) in Jiangsu region was 18,640 RMB/ton, which was the same as the previous week's price. The price of polyamide POY (premium product; 86D/24F) was 16,275 RMB/ton, which was the same as last week's price.. The price of polyamide FDY (premium: 40D/12F) was quoted at 19,725 RMB/ton, which was the same as the previous week's price.

Analysis review

Last week (August 12-18), the polyamide filament market temporarily stabilized and consolidated. There was temporarily no significant improvement in downstream demand, and manufacturers were following up on demand from multiple parties. The trading atmosphere on the market was flat, and businesses lacked confidence in the future market. Sinopec's high-end CPL weekly closing price had increased, with good cost support but little change in cost support. The industry's operating rate remained stable, with little change in on-site supply. The inventory levels of various manufacturers were average, and inventory pressure was not significant. Overall, cost demand remained stable, and the price of polyamide filament was generally stable.

The trend of raw materials slightly increased

Last week (August 12-18), the market fundamentals of polyamide filament raw material CPL improved, with good cost support. The supply expectation was slightly tight, and downstream polyamide PA6 production remained at a high level, with stable demand. The supply expectation of CPL was slightly tight, and it is expected that the CPL market will be slightly better organized in the later stage.

Supply and demand

Last week (August 12-18), polyamide manufacturers maintained stable operating loads and sufficient supply of goods. In August, it is the traditional off-season for textiles, and downstream demand was weak. The weaving start-up rate continued to decline, and downstream manufacturers continued to purchase according to demand, resulting in weak demand for polyamide spinning.

Market outlook

The spot market for raw materials such as CPL and PA6 is expected to be slightly better organized, with normal on-site supply and weak downstream demand. With the disappearance of high temperature weather, the trading atmosphere for polyamide civilian silk may slightly rebound, but it will still be mainly based on on-demand purchasing. SunSirs’ analysts predict that the short-term nylon filament market will mainly follow the positive consolidation of raw materials, and prices will mainly fluctuate upward in a narrow range.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products