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)
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