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    [Nylon filament market will be weak shock consolidation run]
    Release date:[2023/8/21] Is reading[82]次

    Since mid-to-late July, the cost support has increased the enthusiasm for taking goods, and the price of nylon filament has continued to rise. This week (August 14, 2023 - August 18), with the high volatility of raw materials fell slightly, the inventory increased, and the high price of nylon filament yarn loosened. Nylon industry starts to maintain stability, supply supply is sufficient, supply as a whole is still oversupply, terminal point of view, the current textile market is in the traditional off-season, with the "gold nine silver ten" approach, the market looks forward to a better market, business confidence has picked up.


    Supply demand


    At present, the cost pressure of nylon filament is larger, the market industry break-even operation, sufficient supply, the overall market is still in a state of oversupply, the traditional textile season is coming, the downstream stock demand, and the transaction has improved. There is an atmosphere of speculation in the market, buying up does not buy down, and the atmosphere of stock preparation has warmed overall, but the overall confidence of the market has improved compared with before. In August to September, the nylon industry is expected to add 100,000 tons of capacity, while the current nylon industry has no maintenance plan, and the supply of the nylon industry will increase significantly in August to September.


    Future market outlook


    With the arrival of the traditional "gold nine silver ten" peak season, the market expects the market to improve, business confidence will pick up, but the situation of weak terminal demand is difficult to change. Future industry production capacity will increase, supply or will increase significantly, the contradiction between supply and demand still exists, resulting in bottom-up negative feedback, negative nylon filament price trend. Raw material caprolactam, PA6 rising space is not, the price of raw materials will open the slide channel in the short term. Overall, business analysts expect that in the short term, the nylon filament market will be weak shock consolidation operation, the price may fall slightly.


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