Rhodia seeks Europe, Asia polyamide 6,6 price hikes

06 January 2006 17:27  [Source: ICIS news]

LONDON (ICIS news)--Rhodia will seek price increases for its Stabamid polyamide 6,6 in Europe and Asia with immediate effect on the back of increased costs, the company said in a statement sent out on Friday.

A price increase of Euro100/tonne will be sought for Stabamid in Europe. Current prices for virgin polymer (VP), assessed by global pricing and market intelligence service ICIS-LOR, were at Euro2,050-2,020/tonne free delivered (FD) Northwest Europe (NWE).

A tariff hike of $120/tonne for Stabamid in Asia will be sought, said Rhodia. The current level for industrial grade nylon 6,6, was assessed by ICIS-LOR at $3,015-3,015/tonne free on board (FOB) North East Asia.

Rhodia said the price increases were necessary due to “unprecedented high level of costs for energy, particularly gas, as well as for raw materials such as benzene, cyclohexane and ammonia”.

The French specialty chemicals company on Wednesday said it would also seek increases in prices for adipic acid, the raw material for polyamide 6,6, in Europe and Asia.

By: Hilde Ovrebekk
+44 20 8652 3214

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