Nylon filament prices in Hai'an, Jiangsu, showed a notable softening in mid-June. According to publicly available industry data, on June 12, 2026, major local producers quoted POY86D/24F at 13,700 CNY/ton and DTY70D/24F at 15,600 CNY/ton, with actual transactions negotiable. These quotes represent a decline from earlier highs, reflecting growing destocking pressure in the nylon filament segment.
Supply-Demand Logic Behind Price Weakness
Hai'an, as a key cluster for nylon filament production in China, often serves as a regional price bellwether. The simultaneous downward adjustment in POY and DTY varieties stems from two main factors. First, downstream weaving and end-use garment orders experienced a seasonal slowdown in late Q2, leading to accumulated grey fabric inventories and a clear deceleration in filament procurement. Second, the raw material caprolactam market has lacked strong price support recently, weakening the cost underpinning for nylon filaments.
From a product mix perspective, POY86D/24F and DTY70D/24F are standard circulating specifications, and their price movements directly reflect marginal changes in supply-demand balance. The inclusion of "actual transactions negotiable" in both quotes indicates a stronger willingness among sellers to move inventory, increasing price flexibility. This contrasts with the relatively firm bargaining atmosphere seen in Q1 and April.
Regional Response and Upstream-Downstream Transmission
Hai'an Jiahe Chemical Fiber Co., Ltd., as a representative local producer, is not acting in isolation. Channel information suggests that nylon filament manufacturers in surrounding areas such as Nantong and Suzhou have also reported similar price concessions. This implies that the price reduction is not a single company's inventory management move but a regional market resonance.
For upstream raw material suppliers, weaker nylon filament prices will further compress caprolactam margins, potentially triggering a new round of procurement wait-and-see. For downstream weaving enterprises, the current price window offers an opportunity to lock in costs in the short term. However, they must also guard against the risk of inventory depreciation if end-demand remains sluggish and raw material prices continue to fall.
Practical Implications for Buyers and Foreign Trade Firms
This price adjustment carries differentiated implications for various chain participants. Buyers should focus on phased procurement opportunities during the price downtrend, while foreign trade firms need to balance quotation cycles with exchange rate fluctuations.
For Purchasers - Current POY and DTY prices are at a cyclical low with negotiable terms. Weaving mills with rigid demand are advised to build positions in batches to avoid locking in large volumes at peak prices. - Monitor caprolactam price trends. If it falls further, nylon filament prices may have additional room to decline, allowing for extended bargaining periods. - Establish flexible long-term agreements with suppliers in Hai'an and surrounding areas, incorporating price-to-market clauses to cope with short-term volatility.
For Foreign Trade Firms - Build price adjustment buffers into export quotes to prevent order profit erosion from raw material price declines. Consider adopting a "raw material price linkage" pricing model. - Monitor RMB exchange rate changes. The current weakening of nylon filament prices, combined with exchange rate fluctuations, may affect actual settlement returns on overseas orders. - Use the price downtrend to negotiate long-term contracts with overseas clients, securing better purchase prices in exchange for stable supply commitments.
Overall, the price weakness in Hai'an's nylon filament market is a local reflection of the broader textile market's sluggishness in Q2. Industry participants must closely track order recovery during the traditional July-August off-season. If demand does not show clear improvement, the price center may shift further downward.