Nylon Value Chain Prices Set to Remain Bearish, Sentiments Weak

The downward price trend in the nylon value chain is expected to continue in the coming months. The Asian fiber market has been under pricing pressure over the past two months due to slower buying in the region. The price of benzene, a raw material for nylon products, fell in Asia. Nylon shavings and nylon filament yarns are also under pressure to buy slower.

According Fibre2Fashion’s market analysis tool, TexPro, Imported nylon chips (HS chip) are expected to trade at $2417.35 per ton in September 2022, down from a price of $2432.24 per ton in July. Prices may hover around $2422.15 per ton.

Nylon filament yarn (FDY 70D/24F) could drop to $2.69 per kg in September 2022. Prices were noted at $2.72 per kg and are expected to remain at $2.71 per kg.

According to the bi-monthly report of TexPro, Benzene prices (FOB Korea) fell to $1104.8 per ton in July from $1340.7 per ton in June 2022. While Nylon Chips (CFR Southeast Asia) also fell to $2401 per ton against 2444.1 dollars per ton the previous month. Nylon filament yarn prices (FOB NE Asia) were reduced to $2701.2 per ton in July from $2809.5 per ton in June 2022.

Benzene prices fell in Asia on gloomy regional buying sentiments over the past fortnight. Prices have been quoted between $1070 per ton and $1080 per ton in Korea for the past two weeks. Nylon chip prices have stabilized over the past two weeks due to average supply and demand. Prices are expected to weaken next week. Prices reigned between $2,395 per ton and $2,405 per ton in the Southeast Asian market, according to TexPro.

Nylon filament yarn has been selling for between $2.60 per kg and $2.70 per kg (FOB) over the past fortnight. The lackluster demand has caused prices to weaken and are expected to trend lower.

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