Domo declares Europe nylon 6 force majeure on feedstock issues
23 February 2010 15:19 [Source: ICIS news]
LONDON (ICIS news)--Domo Chemicals has declared force majeure (FM) on all European nylon 6 products due to difficulties in sourcing feedstocks, a source at the petrochemical producer said on Tuesday.
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
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)
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By: Mark Victory
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