On the 23rd, the domestic polyamide filament market generally exhibited a pattern of overall stability with minor fluctuations and a slightly weak undertone; prices for mainstream varieties continued the downward adjustment trend observed in the preceding period, while trading activity remained driven primarily by immediate, essential demand.

Price Trends for Major Varieties

Based on monitoring data, price trends for mainstream specifications of polyamide filament yarns are undergoing a divergent adjustment: In the Jiangsu market, the prevailing quote for polyamide POY 86D/24F stood at 15,700 RMB/ton—unchanged from the previous business day. Over the course of the month, prices followed a pattern of rising initially before falling, with current levels having retreated to approximately the same level as at the beginning of the month. The prevailing quote for polyamide DTY 70D/24F in the Jiangsu market is 17,800 RMB/ton—also unchanged from the previous business day—representing a decline of approximately 1.77% from the start of the month. Meanwhile, in the Fujian market, the prevailing quote for polyamide FDY 40D/12F is 18,350 RMB/ton—likewise unchanged from the previous business day—marking a decline of approximately 1.74% from the beginning of the month.

Overall, the market experienced a slight uptick in early April, driven by temporary inventory restocking; however, prices retreated rapidly during the mid-to-late part of the month under mounting pressure, causing the market to revert to a generally weak, consolidating trend.

Key Market Influencing Factors

The continued weakening of cost-side support constitutes the primary source of pressure in the current market. The upstream spot markets for caprolactam and PA6 chips remain sluggish; the depressed prices of raw materials provide clearly insufficient cost support for polyamide filament, thereby squeezing manufacturers' profit margins and undermining the market's incentive to hold up prices.

Pressures on both the supply and demand sides are becoming increasingly pronounced. Currently, finished goods inventories across the industry remain generally elevated; meanwhile, downstream weaving enterprises are largely limiting their purchasing to immediate necessities—following up on an strictly "as-needed" basis—and show little inclination toward large-scale restocking. Market trading is predominantly driven by negotiations over specific firm orders, resulting in subdued overall activity and a lack of momentum for prices to establish a sustained upward trend.

Market outlook

In the short term, the polyamide filament market lacks clear upward drivers; prices are highly likely to remain within a narrow, slightly weak, and volatile range. Moving forward, attention should focus on tracking two key developments: first, the price trends of upstream caprolactam and PA6 chips, as changes in input costs will directly influence manufacturers' pricing strategies; and second, the operating rates and order volumes of downstream weaving enterprises, as a recovery in end-market demand could alleviate current supply-demand pressures and help restore market sentiment.

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