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Home > Polyamide POY Polyamide FDY Polyamide DTY News > News Detail
Polyamide POY Polyamide FDY Polyamide DTY News
SunSirs: Both Upstream and Downstream Were Weak, and the Polyamide Filament Market Was Experiencing a Weak Decline
September 18 2024 13:58:35SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the market price of polyamide filament fell weakly this week (September 9-14). As of September 14, 2024, the price of polyamide filament DTY (premium product; 70D/24F) in Jiangsu region was 18,500 RMB/ton, a decrease of 180 RMB/ton from last week, a weekly decrease of 0.96%. Polyamide POY (premium product; 86D/24F) was priced at 16,050 RMB/ton, a decrease of 250 RMB/ton from last week, with a weekly decline of 1.53%. The price of polyamide FDY (premium: 40D/12F) was quoted at 19,525 RMB/ton, a decrease of 200 RMB/ton or 1.01% from last week's price.

Analysis review

This week (September 9-14), the market price of polyamide filament fell weakly. On the raw material side, the weekly closing price of Sinopec's high-end CPL had been lowered, and the market trend of polyamide PA6 chips was weak, with weak support on the cost side. Downstream market demand was weak, and it is difficult to find favorable support from the demand side, resulting in poor trading activity within the market. 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 high. There was a lack of positive news to boost the market, and there was a strong wait-and-see atmosphere among industry players.

Raw materials remained weak and declined

This week (September 9-14), the fundamentals of the polyamide filament raw material CPL market were weak, with weak cost support. There was a certain increase in both supply and demand in the CPL market, but there was a lack of significant boost in terminal demand. As of September 14, the benchmark price of CPL in SunSirs was 12,750 RMB/ton, a decrease of 0.61% from last week.

Supply and demand:

This week (September 9-14), the overall supply of polyamide filament market remained stable. Most of the polyamide filament market facilities were operating stably, and the daily production rate of the polyamide filament market was around 8.4%. Good support from the demand side was difficult to find, the speed of on-site cargo flow was average, trading activity was average, and market confidence was insufficient.

Market outlook

Although entering the traditional peak season for textiles, downstream market demand will improve to some extent, but there was temporarily no obvious sign of improvement, and on-demand procurement was still the main focus; The cost side CPL market was mainly weak and stable, while the cost side support for polyamide filament was limited. SunSirs’ analysts predict that the short-term polyamide filament market will be weak and stable, with prices mainly fluctuating in a narrow range.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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