Nylon filament prices in Hai'an, Jiangsu, showed clear signs of easing in mid-June. On June 12, 2026, Hai'an Jiahe Chemical Fiber adjusted its quotes: POY 86D/24F at 13,700 CNY/ton and DTY 70D/24F at 15,600 CNY/ton, both with negotiable terms. The industry's bullish-bearish rating system assigned -1 (bearish) to both POY and DTY, indicating a consensus that spot weakness is exerting a negative impact.
Dual Pressure from Costs and Demand
This price adjustment is not an isolated event. Along the supply chain, upstream raw materials caprolactam and chips have been under pressure in Q2, weakening cost support. Meanwhile, downstream weaving mills are reducing operating rates in the traditional off-season, with circular knitting and warp knitting users in the Jiangsu-Zhejiang region slowing procurement and primarily consuming existing inventories. This "cost collapse + demand contraction" squeeze has forced nylon filament mills to cut prices to maintain cash flow.
Notably, FDY grades saw no change in this round, with a neutral rating (0). This suggests the market is not in full retreat but showing product divergence: POY and DTY, as intermediate products, are more sensitive to supply-demand shifts, while FDY, with more concentrated downstream applications, has temporarily less price elasticity. For buyers, this means different nylon filament specifications are at different price cycle positions and require distinct strategies.
Regional Response and Inventory Game
Hai'an, as a key cluster for Jiangsu's nylon industry, often serves as a bellwether for price movements. Jiahe's price cut, especially with the "negotiable" note, likely signals rising inventory pressure and a bearish outlook. Competing mills, fearing customer loss, will probably follow suit, keeping Hai'an nylon filament prices weak in the near term.
For downstream weavers and traders, this price window offers a restocking opportunity, but risks remain. First, caprolactam prices have not yet stabilized, leaving room for further cost declines. Second, end-use apparel fabric orders show no clear recovery, so bulk purchases risk inventory write-downs if prices fall further. A "small batch, multiple orders" strategy is thus advisable.