SunSirs: The Transaction Was Less Than Expected, and the Polyamide Filament Fluctuated in February

Price trend

According to the price monitoring of SunSirs, the price of polyamide filament rose first and then fell in February 2023. As of February 28, 2023, the price of polyamide filament DTY (premium product; 70D/24F) in Jiangsu was quoted at 18,040 RMB/ton, up 80 RMB/ton from the beginning of the month; Polyamide POY (premium product; 86D/24F) was quoted 15,750 RMB/ton, which was the same as the price at the beginning of the month; The price of polyamide FDY (premium product: 40D/12F) was 18,750 RMB/ton, which was basically the same as the price at the beginning of the month.

Analysis review

In February 2023, the price of polyamide filament rose first and then fell. At the beginning of the month, the cost was well supported, and the polyamide filament market was actively following the rise. In the middle and late of the month, as the price of CPL loosened and fell, the demand of the terminal weaving market was less than expected, and the price of polyamide filament fell.

Upstream raw material market

Raw CPL: In February, the domestic CPL market price fluctuated and fell, and the market spot supply was stable. According to the data of SunSirs, the average domestic CPL market price was 12,200 RMB/ton as of February 28, and the domestic CPL market price fell 4.94% in the month. Downstream demand performance was insufficient, and mainly purchased at low-price. The turnover at the end of the month improved, and the support of the cost and supply fundamentals at the end of the month improved.

Raw material PA6: The domestic PA6 market trend in February was weaker, and the spot prices fell more and rose less. The market supply was stable, the supplier's support for spot goods was general, and the ex-factory price was loosened. The demand-side was resistant to the high-priced supply of goods, and the market deals were mostly early contract transactions, and the actual order volume had decreased.

Supply and demand

The market supply was sufficient, the operating rate of downstream weaving manufacturers had increased within the month, and the market transaction was gradually recovering, but the overall market had not changed significantly. The demand of downstream terminal weaving market was less than expected, and only a small number of new orders had been issued.

Market outlook

Downstream new orders had not been issued in a centralized manner, but the recovery of demand was still uncertain, and the load of polyamide filament factory had increased, and the supply and demand side was difficult to be favorable. However, enterprises had a strong willingness to support a high price and the market is in a strong wait-and-see mood. The analysts of SunSirs expect that the polyamide filament market will remain stagnant in the short term.

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