Honeywell joins N American nylon hikes, seeks 5 cent/lb increase

13 April 2010 21:06  [Source: ICIS news]

HOUSTON (ICIS news)--Honeywell will seek a price increase of 5 cent/lb ($110/tonne, €81/tonne) for its North American nylon 6 resins, effective on 3 May or as contracts allow, the US producer said on Tuesday.

The polyamide increase, which the company said was prompted by the continued run-up in raw material costs, would cover all fibre-grade and neat nylon polymer for spinning and compounding applications.

While sources on both sides of the market have acknowledged price pressure from feedstock caprolactam, nylon 6 has been more readily available than other nylon resins, and buyers were highly sceptical of the continued price push from producers.

“Crazy,” one buyer called the nomination, adding that there is ample nylon 6 available from Europe at lower prices.

BASF previously announced two price-hike initiatives for nylon 6, effective on 1 March and 29 March.

BASF’s announcement on 12 April would increase prices further for several nylon grades and other of its engineering plastics.

Other US nylon producers include Custom Resins, DuPont, BASF, Ascend Performance Materials and Invista.

($1 = €0.74)

For more on caprolactam visit ICIS chemical intelligence
For more about Honeywell, go to ICIS company intelligence
To discuss issues facing the chemical industry, go to ICIS connect

By: Larry Terry
1 713 525 2653

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.

Printer Friendly