23 February 2010 15:19 [Source: ICIS news]
The FM was expected to affect March deliveries only, the company source added, and was forecast to remain in place throughout that month.
Domo Chemicals produces a total of 100,000 tonnes/year of nylon 6 from sites at Leuna and Premintz in ?xml:namespace>
Some sources were expecting the European nylon 6 market to become tight in March as a result of the announcement.
“Because of the FM declared by Domo, the market will be tight in March,” a producer said.
There were also suggestions of production problems at several other European nylon 6 plants, and some buyers said that orders were not being fulfilled.
“Some producers are not delivering, they say there are production problems,” one buyer said.
The majority of buyers and sellers, however, felt that the nylon 6 market was currently well balanced, and reported no availability problems.
It remained too early to forecast what effect Domo’s FM declaration would have on March contract price negotiations, with discussions yet to begin, buyers and sellers said.
February nylon 6 virgin polymer contract prices settled at €1.73-1.85/tonne ($2.37-2.53/tonne) FD (free delivered) NWE (northwest
($1 = €0.73)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|