NewsFlashAsia nylon 6 chips rise $10/t to record

03 July 2008 10:34  [Source: ICIS news]

SINGAPORE (ICIS news)--Asian semi-dull grade nylon 6 chips traded at a new record high after rising $10/tonne this week on the back of high regional feedstock caprolactam costs, sellers and buyers said on Thursday.

 

Prices were at $2,760-2,800/tonne CFR (cost and freight) China, according to global chemical market intelligence service ICIS pricing.

 

Major producers were said to be struggling to pass on costs, with offers pegged at $2,810-2,850/tonne CFR China.

 

In the caprolactam market, June contracts in northeast Asia were mainly settled $60-65/tonne higher at $2,560-2,575/tonne CFR amid rising raw material expenses.

 

Nylon 6 chips, a derivative of caprolactam, are used for making nylon yarns.

 

For more on caprolactam visit ICIS chemical intelligence

To discuss issues facing the chemical industry go to ICIS connect

 

By: Hsin Hun Wan
+65 6780 4359

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