This week (February 13-17, 2023), the spot price of caprolactam, the upstream raw material, continued to decline in a weak way, the demand side performance remained weak, the confidence in the market weakened, and the price of nylon filament fell. The starting load of nylon filament increased and the market supply increased significantly. The market trading and investment are still relatively cold on the whole, waiting for rigid procurement, foreign trade orders have not been started, and the expectation of orders this spring and summer is weak.
| PVA 1799 (PVA BF17) |
Market price trend
Nylon price chart
Price trend of nylon POY (86D/24F)
According to the price monitoring of the Business Agency, the price of nylon filament fell this week (February 13-February 17, 2023). As of February 17, 2023, the price of nylon filament DTY (premium products; 70D/24F) in Jiangsu was 18100 yuan/ton, down 140 yuan/ton from last week, with a weekly decline of 0.77%; Nylon POY (premium product; 86D/24F) quoted 15850 yuan/ton, down 50 yuan/ton from last week; The price of nylon FDY (premium product: 40D/12F) was 18875 yuan/ton, down 100 yuan/ton from last week.
Upstream raw material market
Price rise and fall chart of nylon filament industry chain
| POLYVINYL ALCOHOL |
Cost side: caprolactam supply is relatively loose, confidence in the market is weakening, and the price continues to loosen. The market price of raw caprolactam continues to decline this week. According to the price monitoring of the business agency, the average market price of domestic liquid caprolactam was 12266 yuan/ton as of February 17, down 236 yuan/ton from last week. It is expected that caprolactam market will still be dominated by small consolidation in the later stage.
In terms of demand: the operating rate of downstream weaving manufacturers has increased during the week, and the market transaction is gradually recovering, but the overall market has not changed significantly. Only a small number of new orders have been issued, and most orders are still in the inquiry stage. It is expected that the release time of new orders in spring and summer will be near the end of the month or the beginning of the next month.
Aftermarket forecast
Downstream new orders have not been issued in a centralized manner, and the load of nylon filament factory has increased, so the supply and demand side is difficult to be favorable. In addition, the performance of the cost side is poor. Analysts of the Business Agency expect that the price of nylon filament will show a narrow decline trend next week.
| http://www.polyvinylalcohols.com |