SunSirs: Raw Materials Rose, and the Price of Nylon Filament Rose Slightly

Price trend

This week (January 2-6, 2023), CPL, the upstream raw material, rose, nylon filament followed to rise slightly, supply of goods remained sufficient and stable, downstream demand continued to be flat, and the market transaction atmosphere continued to be weak.

According to the price monitoring of SunSirs, the price of nylon filament rose slightly this week (January 2-6, 2023). As of January 6, 2023, the price of nylon filament DTY (Premium; 70D/24F) in Jiangsu Province was 17,040 RMB/ton, 60 RMB/ton higher than last week, with a weekly increase of 0.35%; Nylon POY (superior product; 86D/24F) was quoted at 14,800 RMB/ton, up 75 RMB/ton from last week, with a weekly increase of 0.51%; Nylon FDY (Premium: 40D/12F) price was 17,825 RMB/ton, up 75 RMB/ton from last week, or 0.42%.

Analysis review

Raw material CPL: the upstream cost increased, and the price of CPL rose slightly this week. On January 6, 2023, the average price of domestic liquid CPL market was 11,166 RMB/ton, and on January 1, the average price of domestic liquid CPL market was 11,066 RMB/ton. CPL prices rose slightly this week, with a weekly increase of 0.89%.Some CPL manufacturers had overhauled their devices, and some manufacturers had restarted their devices. The supply side had not changed much.

Supply and demand: As the Spring Festival approaches, the current operating rate of nylon filament is down, but the supply on the market is sufficient, the inventory is high and the market is dominated by the digestion of inventory. In terms of overall demand, it was hard to hide the weak trend of the textile market this week. Weaving manufacturers' enthusiasm for stocking raw materials had declined. The market atmosphere was cold and the terminal demand was weak. The weaving machine rate had also weakened again. Bad news had flowed out from many places. Most weaving factories maintained the minimum load production.

Market outlook

The supply of goods in the market remains stable. With the approaching of the Spring Festival, downstream demand will further weaken, and the overall demand for textile terminals will decrease. Analysts from SunSirs expect that the nylon filament market will continue its weak finishing operation in the later period.

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