The nylon DTY market has experienced a typical wide-range fluctuation over the past year. According to publicly available industry data, the benchmark price on July 10, 2025, was 15,760 yuan/ton, down 0.51% from the beginning of the month, with a daily decline of only 0.38%, placing the price at the mid-range of its one-year band. This tepid state reveals the core contradiction in the current nylon chain: the game between costs and demand has entered a stalemate.
Price Range and Market Signals
Looking at the annual statistics, the lowest price of nylon DTY in one year was 13,560 yuan/ton, and the highest was 18,960 yuan/ton, a range of 5,400 yuan. The current price of 15,760 yuan is only 500 yuan away from the median of 16,260 yuan, a typical 'mid-range oscillation.' The top deviation of -3,200 yuan and bottom deviation of +2,200 yuan indicate that the market's consensus on upward resistance is relatively consistent, while expectations for downward support diverge. This structure usually suggests that without unexpected events, prices will continue to fluctuate within the existing range.
Notably, although the daily decline of 0.38% is small, the consecutive downward movement makes procurement decisions more difficult for downstream weaving enterprises that rely on trend trading.
Profit Transmission Bottlenecks
The mid-range oscillation of nylon DTY stems from an imbalance in profit distribution between upstream and downstream. Upstream caprolactam and chip sectors are supported by crude oil and pure benzene prices, making costs relatively rigid. In contrast, downstream nylon weaving and end-use sectors like apparel and home textiles face insufficient order growth. The industry average annual price of 15,056 yuan/ton being lower than the current price suggests the market was in a weak oversupply pattern for most of the past year.
The key contradiction is that raw materials cannot fall, and end products cannot rise. Intermediate nylon DTY producers are forced to bear the pressure of profit compression, with capacity utilization adjustments becoming the main coping measure. This transmission bottleneck typically requires one to two quarters of terminal inventory destocking to break.
When Will End Demand Break Through?
From an end-use perspective, nylon DTY is mainly used in sportswear, outdoor gear, and some home textile fabrics. Current consumption shows a divergence of 'high-end stable, mass-market weak': brand companies maintain rigid procurement for differentiated, functional nylon products, but orders for standard specifications have shrunk year-on-year. On the export side, Southeast Asia's substitution effect for Chinese nylon yarn continues, but high-end differentiated products remain competitive.
In the short term, the third quarter is a traditional transition period between off-season and peak season. If end-user replenishment intentions pick up in August-September, prices may recover towards the median; conversely, if orders remain weak, testing the lower bound of the range cannot be ruled out. The market is waiting for a clear signal—either an unexpected fluctuation in raw materials or a concentrated release of end demand.