Last week, the price center of gravity of the upstream raw material market of Polyamide filament fell, the support of the cost side weakened, the downstream market shipments were not smooth, and the purchasing enthusiasm was not high. The inventory level of some Polyamide filament manufacturers was high. Under multiple negative factors, the market price of Polyamide filament was under pressure to fall.

According to the commodity market analysis system of SunSirs, the price of Polyamide filament continued to be under pressure to fall last week. On May 11, 2025, the price of Polyamide filament DTY (superior product; 70D/24F) in Jiangsu Province was 14,920 RMB/ton, down 120 RMB/ton from the previous price, with a weekly decline of 0.80%; Polyamide POY (superior product; 86D/24F) was 12,375 RMB/ton, down 125 RMB/ton from the previous price, with a weekly decline of 1.00%; Polyamide FDY (superior product: 40D/12F) was 15,500 RMB/ton, down 150 RMB/ton from the previous price, with a weekly decline of 0.96%.

The raw material market continues to fall

In terms of cost: Last week, Sinopec's high-end caprolactam weekly settlement price was 9,360 RMB/ton, and the spot market price of caprolactam and the market price of Polyamide PA6 chips and high-speed spinning chips were both on a downward trend. The market price of raw materials continued to fall, and the cost side was poorly supported. On May 11, 2025, the benchmark price of caprolactam in SunSirs was 9,053 RMB/ton, a drop of 2.25%. The market price of Polyamide PA6 chips and high-speed spinning chips fell slightly within a week, and the price of Polyamide PA6 fell by 0.61% week-on-week, with weak support on the cost side.

Supply and demand: The operating rate of some Polyamide filament manufacturers decreased during the week, and the overall market supply declined, but the industry's inventory level still showed an increasing trend, and the supply side performed poorly; the terminal market demand was weak, and some downstream manufacturers reduced or switched production, and the demand for Polyamide filament decreased, and it was difficult to find favorable support on the demand side.

Market forecast

Cost side: In terms of caprolactam, the price range of pure benzene was sorted out, and the operation of some devices in the caprolactam market may decline to a certain extent. Downstream purchases were mainly cautious, and the caprolactam market price was expected to remain weak next week. In terms of Polyamide PA6 chips, the cost side was weak, the market supply was expected to increase slightly, and the downstream manufacturers were not enthusiastic about purchasing. It is expected that the Polyamide PA6 chip market will fall slightly in the short term.

Supply and demand: Most of the Polyamide filament manufacturers' equipment is running stably, the industry supply is relatively high, and the overall inventory level in the market may still be high. It is expected that the supply side of the Polyamide filament market will be generally supported in the short term; there is no sign of improvement in the terminal market demand, and downstream factories may mainly consume inventory, and it is difficult to improve the demand side. Therefore, it is expected that the demand side of the Polyamide filament market will remain weak next week.

Overall, the spot market of raw material caprolactam may be stable with small fluctuations, and the Polyamide PA6 chip market may fall. The cost side support is limited. The downstream market is mostly cautious and wait-and-see, purchasing on demand, and it is difficult for the demand side to improve.

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