Nylon Price Trend and Forecast

Nylon Regional Price Overview

Get the latest insights on price movement and trend analysis of Nylon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Nylon Price Trend for the First Half of 2023

Nylon prices wavered on the lower end of the price curve in the first half of 2023. As the freight and supply chain normalized, the upstream cost pressure declined significantly.
 

Nylon Price Chart

Please Login or Subscribe to Access the Nylon Price Chart Data
 

With the restrictions lifted, the Chinese industries started churning out products at much faster rates leading to stockpiling in the market. The downstream polymer industry registered very feeble to no new demands during the said period. As the equilibrium between demand and supply got heavily tilted, nylon prices registered a declining trend in the Asian market.

The economic situation in Europe is still gloomy, with Germany witnessing a recession in May’23. The economic backlash altered consumer patterns, and demand subsided. The falling demand amid over-stocked inventories and the availability of cheap imports from China caused domestic manufacturers to decrease their quotations to facilitate positive product movement. Similarly, the US domestic market behaved no differently than its European and Asian counterparts. Hence, the price trend for Nylon kept on the lower trajectory for most of H1’23; however, certain fluctuations were seen owning to regional imbalances.

Analyst Insight

According to Procurement Resources, the nylon price trend are expected to oscillate in the coming quarter. Given the current bearish market sentiments, a complete revival of downstream demand will positively impact the prices amid the overstocked inventories.
 

Nylon Price Trend for the Second Half of 2022

The price trend for nylon registered a fluctuating pattern during the third and fourth quarters. In the Asian Pacific market, at the beginning of the third quarter, the price of Nylon polymer was fueled by the increase in demand from the textile industry. However, the prices soon began to fall owing to the low prices of feedstock. Additionally, the third quarter saw an increased supply and rising market uncertainty, which further led to a decrease in the price of the commodity.

The fourth quarter also showed a decrease in the price trend of Nylon polymer. The high tariffs and unstable prices of the polymer doomed the textile industry, the major market driver of Nylon. The second half of the fourth quarter also saw a decrease in the sales of nylon-manufactured products resulting in a further decrease in its prices.

The North American and European markets also saw the same trend in the prices of nylon polymers. The third quarter in both regions showcased a mild decline in the prices but in the fourth quarter, the prices fell steeply. The major causes behind this steep decline are low demand, the decline in feedstock supply/prices and worldwide inflation.

Analyst Insight

Given the current market dynamics the prices of nylon are expected to decline in the coming months. The unstable market pricing fundamentals and logistics amid low demand will cause the prices to decline.
 

Nylon Price Trend for the First Half of 2022

Asia

The Chinese domestic market exhibited a bearish demand for nylon in the weeks following the Lunar New Year celebrations. The surging feedstock prices amid the poor demand performance from the downstream textile industries caused the prices of nylon to crash in the market. Later, when the upstream production cost relaxed the manufacturers still sold the product at lower prices to get rid of the stockpiling inventories and make room for the new production.

The zero-tolerance covid restrictions further added to the demand for destruction. Hence, the price trend of nylon kept on the lower side of the scale throughout the first half of the said year. The price of Nylon 66 when from 36000 RMB/MT in January to 23536 RMB/MT in June 2022. The price of Nylon 6 averaged 16,500 RMB/MT in the Chinese domestic arena towards the end of said period.

Europe

The nylon prices suffered throughout the first quarter owing to the muted market demands and the unparalleled rise in the feedstock prices due to the Russia-Ukraine war. The European region was the most hard-hit region by the continuing geopolitical conflict causing massive volatility in the market.

The prices started strengthening during the second quarter when the upstream costs relaxed slightly and strong demand from the automotive and textile industries caused the nylon prices to increase further. The Nylon 66 and Nylon 6 prices averaged 2550 USD/MT and 5050 USD/MT respectively.

North America

The US domestic market closely followed its European counterpart. The prices declined during the first quarter amid weakened demand. The Nylon 6 and Nylon 66 prices averaged 3575 USD 4445. However, the prices soon recovered owing to the robust demand during the second quarter.

Procurement Resource provides latest prices of Nylon. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.