Europe December nylon 6 prices roll over on holiday closures

15 December 2009 23:59  [Source: ICIS news]

LONDON (ICIS news)--European nylon 6 December contract prices have rolled over from November, due to a short working month caused by the Christmas holiday period in Europe, buyers and sellers confirmed on Tuesday.

“Space to change prices in December is extremely limited, December is a special month,” one producer said.

December nylon 6 virgin polymer settled at €1.55-1.62/kg FD (free delivered) NWE (northwest Europe), sources reported.

Nevertheless, higher than forecast demand in December - particularly from textile applications - and rising upstream benzene costs led to expectations that prices would increase by up to €0.10/kg in January, buyers and sellers said.

($1 = €0.68)

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By: Mark Victory
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