The nylon POY market is experiencing a rapid decline. As of June 12, 2026, the industry benchmark price has dropped to 13,800 yuan/ton, down 4.83% from 14,500 yuan/ton at the beginning of the month, with a single-day decline of 1.43%. Compared to the peak of 16,950 yuan/ton over the past year, the current price has shrunk by 3,150 yuan, a drop of over 18%. This trend is driven by the dual pressure of weakening upstream cost support and sluggish downstream demand.
Price Structure Perspective
From the annual statistics, the current price of 13,800 yuan/ton is in the lower-mid range. The lowest value in the year was 11,300 yuan/ton, the highest was 16,950 yuan/ton, and the median was 14,125 yuan/ton. This means the current price has fallen 325 yuan below the median line, moving closer to the bottom range. Notably, the annual average price is 12,712.43 yuan/ton, indicating that most of the first half of the year saw prices at lower levels, and the recent decline is more of a return from a relatively high point.
The direct driver of the price drop is the raw material side. The price of caprolactam, the main raw material for nylon POY, has recently softened, weakening cost support. At the same time, downstream weaving mills have low operating rates, and procurement is mainly for immediate needs, with little willingness to stockpile. This combination of 'falling costs and weak demand' leaves nylon POY with little upward momentum.
Industrial Transmission and Regional Response
Downward price pressure is transmitting to the midstream of the industry chain. For nylon filament yarn producers, current profit margins are severely compressed. Some small and medium-sized factories have begun to proactively reduce production or conduct maintenance to alleviate inventory pressure. In the terminal market, weaving clusters in Jiangsu and Zhejiang (such as Shaoxing and Xiaoshan) have not seen a significant rebound in orders, and foreign trade orders are also lackluster due to overseas inflation and geopolitical factors.
In terms of procurement rhythm, current buyers generally adopt a 'buy-as-needed' strategy to avoid inventory depreciation caused by continuous price declines. This wait-and-see sentiment further exacerbates market liquidity shortages, creating a negative feedback loop of 'the more it falls, the more they wait.'
Bottom Judgment and Outlook
When will the price hit bottom? This depends on two key variables: whether raw material costs can stabilize and when terminal demand will pick up. On the raw material side, caprolactam prices are already close to the cost lines of some factories, limiting further downside. On the demand side, the second half of the year is traditionally the peak season for the textile industry. If export orders recover in July-August, it could trigger a wave of restocking.
However, the current industry inventory level is relatively high, and destocking will take time. Even if demand recovers, the price rebound may be limited. For buyers, the current price has entered a historically low-to-mid range, but bottom-fishing still requires caution.