SunSirs: In May, the Overall Inventory of Polyamide Filament Industry Increased and the Price Fell
June 09 2025 14:49:15
In May 2025, the upstream cost support of polyamide filament was insufficient, and the purchasing power of downstream enterprises was poor, which led to the increase of the overall inventory level of the industry. There was a lack of positive news in the market, and the market price of polyamide filament fell weakly.
polyamide filament price trend in May
According to the commodity market analysis system of SunSirs, in May 2025, the average monthly price of polyamide filament continued to fall. As of May 30, 2025, the price of nylon filament DTY (superior product; 70D/24F) in Jiangsu region was 14,760 RMB/ton, down 280 RMB/ton from the previous month, a monthly decline of 1.86%; polyamide POY (superior product; 86D/24F) was 12,300 RMB/ton, down 200 RMB/ton from the previous month, a monthly decline of 1.60%; nylon FDY (superior product: 40D/12F) was 15,400 RMB/ton, down 250 RMB/ton from the previous month, a monthly decline of 1.60%.
Since the beginning of May, Sinopec's weekly caprolactam settlement price has been continuously reduced, and the polyamide PA6 chip high-speed spinning chip market has been under pressure to go down, and the cost side has been weak; the terminal market demand has shown signs of fatigue, the downstream yarn mills have not been able to ship smoothly, and the enthusiasm for raw material procurement has faded, resulting in a significant increase in the inventory of polyamide filament market. Under multiple negative factors, the polyamide filament market price has continued to fall.
Until late May, the polyamide filament market price rebounded slightly. The strong upward trend in crude oil and benzene market prices has driven the caprolactam spot market and polyamide PA6 chip market to continue to support prices. Subsequently, Sinopec's weekly caprolactam settlement price was raised, and the cost side support was strengthened; some downstream factories stocked up appropriately at low prices, and the demand increased slightly. Under the interweaving of on-site news, the polyamide filament market price rose narrowly and then consolidated.
By the end of the month, the terminal demand has not improved significantly, and the demand side has restricted the raw material market from the bottom up, and the polyamide filament market price has entered a downward channel.
Cost: Sinopec's weekly caprolactam price fell first and then rose, and the monthly price fell sharply. The market for polyamide PA6 chips and high-speed spinning chips fell slightly, the price center of gravity of the raw material market moved downward, and the cost support was weak. As of May 30, 2025, the base price of caprolactam in SunSirs was 9,190 RMB/ton, a monthly decline of 0.77%. Polyamide PA6 fell by 3.04% in the month.
Supply and demand: In May, the overall supply of the polyamide filament market did not fluctuate much. At the beginning of the May Day holiday, some polyamide filament manufacturers' equipment reduced load or stopped for holidays, and the supply in the field decreased. By the middle of the month, the early parking inspection equipment in Zhejiang Province was gradually restored, and the industry's new production capacity continued to be released, and the supply gradually increased. The demand in the terminal market has not improved, foreign trade orders are insufficient, domestic demand is limited, and the finished product inventory of downstream manufacturers continues to accumulate. The demand for the polyamide filament market has gradually decreased, and it is difficult to find favorable support on the demand side.
Market Forecast
Cost side: For caprolactam, benzene is expected to be weak, and the supply of caprolactam may recover next month. Chip manufacturers are not very enthusiastic about purchasing caprolactam, and the caprolactam market is expected to continue to fall next month; for PA6 chips, the cost side has limited support, the supply level of PA6 chips market may continue to increase, and the downstream market demand is weak. It is expected that the market price of PA6 chips will fall next month. Therefore, it is expected that the price trend of polyamide filament raw materials market will be poor next month, and the cost side support will be insufficient.
Supply and demand: June is the transition stage of the market to the traditional off-season demand. In addition, there is no sign of improvement in the terminal market demand, and the downstream market procurement enthusiasm is not high. Therefore, it is expected that the demand for polyamide filament market will decrease next month. If the demand does not improve significantly, under the pressure of large inventory, some polyamide filament manufacturers may reduce the load of their equipment. At the same time, the industry's new production capacity continues to be released. Therefore, it is expected that the supply of polyamide filament market will decrease next month.
On the whole, both the spot market of the upstream raw material caprolactam and the market of polyamide PA6 chips are likely to fall. The cost side lacks support, and the demand in the downstream market is unlikely to improve. The demand side drags down the market trend. Under these two negative factors, analysts at SunSirs predict that the market price of polyamide filament will continue to be weak next month, with a decline of 100-300 RMB/ton.
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