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SunSirs: Driven by Raw Materials, the Price of Polyamide Filament Rose Continuously in January

Increase font size  Decrease font size Date:2023-02-06   Views:144

  According to the price monitoring of SunSirs, the price of polyamide filament rose continuously in January 2023. As of January 31, 2023, the price of polyamide filament DTY (premium products; 70D/24F) in Jiangsu was 17,960 RMB/ton, up 980 RMB/ton from the previous month, up 5.77% on a monthly basis; Polyamide POY (premium product; 86D/24F) was quoted 15,750 RMB/ton, up 1,025 RMB/ton from the previous month, up 6.96%; The price of polyamide FDY (premium product: 40D/12F) was 18,725 RMB/ton, up 975 RMB/ton from the previous month, up 5.49%.



  Analysis review



  In January 2023, CPL, the upstream raw material, continued to rise, and the cost was good. The polyamide filament continued to rise, and the supply of goods remained sufficient and stable; On the demand side, downstream demand continued to be flat before and after the festival, and the market transaction atmosphere continued to be weak.



  Upstream raw material market



  Raw CPL: the domestic CPL market price rose continuously in January. According to the monitoring data of SunSirs, the average market price of CPL in China was 11,066 RMB/ton on January 1, and 12,366 RMB/ton on January 30. The domestic CPL price rose by 11.75% this month. As of the 31st, CPL market cost support was favorable, and the spot market was tight. With the steady follow-up of upstream and downstream demand, CPL market trend was upward. It is expected that the market price of CPL will continue to rise in the short term.



  Raw material PA6: The domestic PA6 market rose in January. The cost support was strengthened, the operation rate at the supply end was increased, the demand for terminal replenishment was increased, the market's trading was good, and the PA6 cost support was acceptable. Downstream, the textile and spinning industries had a weak load, and the overall demand for PA6 chips by terminal enterprises was weak. The spot market competition was strong, and the actual orders were mostly contract transactions.



  Supply and demand



  During the Spring Festival, the polyamide filament started to decline, but the market supply was sufficient and the inventory was high. Most of the main forces in the market mainly digested the inventory. From the perspective of demand as a whole, it was difficult to hide the weak situation of the textile market this month, the enthusiasm of raw material stocking of weaving manufacturers had declined, the market atmosphere w as cold, the terminal demand was weak, and most weaving factories maintained the minimum load production.



  Market outlook



  At present, the cost support of polyamide filament is good, there is sufficient stock on the market, and there is an expectation of improving the demand for textile terminals, which boosts market confidence to a certain extent. With the demand for replenishment of downstream enterprises after the festival, the analysts of SunSirs predict that the market price of polyamide filament will rise in a narrow range in February, and it is necessary to pay attention to the change of raw material prices.


 
 
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