Europe May nylon 6 up €0.10/kg on tight supply, raw materials

25 May 2010 23:59  [Source: ICIS news]

LONDON (ICIS news)--European nylon 6 May contract prices rose by €0.10/kg from April due to tight supply and higher raw material costs, buyers and sellers said on Tuesday.

May virgin polymer nylon 6 contracts settled at €2.00-2.20/kg ($2.48-2.73/kg) FD (free delivered) NWE (northwest Europe), according to data from global chemical market intelligence service ICIS pricing.

“Material is short and €2.00/kg is definitely the lowest price at the moment,” said a European producer. The producer said that feedstock caprolactam was “very short everywhere” and that this was impacting on nylon 6 availability.

A major consumer of caprolactam, who both produces and consumes nylon 6, confirmed that May nylon 6 was in a €2.00-2.20/kg FD NWE price range.

“Nylon 6 is €2.00-2.20/kg depending on material. I think engineering plastics is less expensive... polymer is very short mostly because of a lack of caprolactam since suppliers prefer to ship to Asia,” the source said.

The polymer market agreed that export opportunities for both nylon 6 and caprolactam to Asia remained very attractive as the US dollar continued to strengthen again the euro.

Additionally, nylon 6 supply was expected to remain in short will into the third quarter on the back of supply issues in the caprolactam market.

($1 = €0.81)

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By: Julia Meehan
+44 20 8652 3214

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