The Polyamide Filament Market Was Difficult to Shake Off Its Weak Trend in Early June 2026

Prices of polyamide filament varieties trended downward

During the monitoring period, Jiangsu polyamide DTY, Fujian polyamide FDY, and polyamide POY all experienced significant price declines, with the magnitude of the drops varying across product categories; following a rapid immediate decline, prices saw a brief period of consolidation before edging down again at the end of the month.

1. Polyamide DTY (Jiangsu 70D/24F, semi-dull, premium grade)

Prices held steady at 16,640 RMB/ton on June 1 and 2 however entered a rapid downward direction starting June 3: the price fell to 16,220 RMB/ton on June 3 (a single-day drop of 2.52%) and dipped to 16,040 RMB/ton on June 4 (with the decline widening to 3.61%). From June 4 to 9, the price remained stagnant at 16,040 RMB/ton, as the market lacked momentum to a rebound. On June 12, it edged down further to 15,980 RMB/ton, marking a cumulative decline of 3.97% from the price at the start of the month—making it one of the filament varieties that experienced a relatively steep drop.

2. Polyamide FDY (Fujian 40D/12F, semi-dull, premium grade)

The price held steady at 17,000 RMB/ton on June 1 and 2, then dropped sharply to 16,650 RMB/ton on June 3—a single-day decline of 2.06%. It fell further to 16,500 RMB/ton on June 4 (a 2.94% drop) and remained locked at that level from June 4 to June 12. The cumulative decline over the period was 2.94%; the price movement was characterized by an initial sharp drop followed by a period of consolidation, with a smaller magnitude of decline compared to DTY.

3. Polyamide POY (Jiangsu 86D/24F, semi-dull, premium grade)

polyamide POY has faced sustained downward pressure since peaking in mid-March, with the decline continuing into June. The quoted price fell from 14,500 RMB/ton on June 2 to 13,800 RMB/ton on June 12—a drop of 9.51% within that period—making it the worst-performing variety among the three major filament categories. Viewed over a longer timeframe, the price dropped by greater than 10% from a benchmark of 15,250 RMB/ton on March 14 to 13,800 RMB/ton on June 12; this period of weakness persisted throughout the second quarter, with the downward direction accelerating in early June.

Overall, the performance of polyamide filament in early June was characterized by stability at the beginning of the month, a rapid price slump in mid-month, a subsequent period of stagnation at low levels, and a slight further decline towards the end of the period; DTY saw a steeper drop than FDY, while the medium-to-prolonged decline to POY was significantly greater than that of DTY and FDY.

Upstream raw materials: Prices to caprolactam and PA6 chips have stabilized following an increase, with limited cost support.

Upstream core raw materials—caprolactam and PA6 chips—have entered a period of stable operation following earlier slight increases, failing to provide strong cost support to polyamide filament:

1. The raw material sector lacks sustained upward momentum; prices stabilizing after an initial rise means there is no upward driver to filament production costs, leaving manufacturers unable to offset the downward price pressure caused by weak downstream demand.

2. Filament producers are grappling with high inventory levels; even without a sharp drop in raw material costs, companies are proactively lowering ex-factory prices to destock. Consequently, the stability of raw material prices has deprived filament of a cost-based price floor, leaving the market entirely driven by demand-side dynamics.

Downstream demand side: Purchasing as driven primarily by essential needs, and market trading activity remained sluggish.

Demand-side factors from downstream weavers and end-market textile companies are the primary drivers behind the recent weakening of the filament market:

1. Ultra-conservative purchasing patterns: Downstream companies are limiting procurement to immediate needs, showing little willingness to stock up in bulk or build inventory in advance; consequently, the volume of market orders has contracted, and trading activity remains sluggish.

2. Ineffective demand transmission: There is no significant recovery in end-market textile orders, leaving downstream factories with no incentive to expand production or increase procurement; as a result, purchasing volumes to upstream polyamide filament continue to tighten, leading to an oversupplied market.

3. Supply-demand dysfunction exacerbating inventory pressure: With stable raw material supplies contrasting with shrinking downstream demand, polyamide fiber manufacturers are seeing a continuous buildup of finished product inventory; the need to offload stock through price concessions has have become a common strategy, further dragging down market prices.

Market Sentiment and Manufacturer Strategies

1. Pessimistic sector sentiment: Facing the dual pressure of high inventories and weak demand, most polyamide filament producers hold a negative outlook to the immediate market and lack the confidence to maintain price levels;

2. Inventory reduction as the operational priority: The prevailing strategy is to reduce quotes in line with market trends, trading price to volume to alleviate inventory backlogs; after prices dropped to low levels, a brief stalemate ensued, however with no improvement in demand, further slight price concessions were made at month-end; there has been no significant market activity regarding "bottom-fishing" or restocking;

3. Divergence across product categories: As a raw material to stretch fabrics, DTY faces particularly acute weakness in end-user demand, resulting in a steeper price decline than FDY; POY—serving as the base filament—has been weighed down by insufficient operating rates in downstream spinning and texturing sectors, leading to sustained weakness in the medium-to-long term and the sharpest price drop among all categories.

Market Outlook

In the short term, prices to upstream caprolactam and PA6 chips remain stable, offering no cost-side support; meanwhile, the pattern of downstream procurement driven solely by immediate needs is unlikely to shift rapidly, and high factory inventory levels persist. Consequently, the polyamide filament market is expected to continue its direction of weak consolidation. Unless there is a significant recovery in end-market textile orders—thereby easing the pressure on manufacturers to destock—filament prices remain at risk of slight declines; the market is unlikely to halt its slide and stabilize until downstream players engage in concentrated restocking and existing inventories are efficiently cleared.