28 February 2012 23:59 [Source: ICIS news]
Nylon 6,6 (or polyamide 6,6) can either be manufactured using adipic acid – which is downstream of benzene – or adiponitrile (ADN) via BD.
Demand is high because of pre-buying, restocking and strengthening buying interest from the downstream automotive sector.
Market players are pre-buying on expectations that the March BD contract price will rise, pacing upward pressure on nylon 6,6 prices. Producers are targeting price rises of €0.10/kg in March, based on feedstock cost forecasts.
“There’s a big tension on nylon 6,6 because of BD, we’re expecting BD price increases of €200/tonne [in March],” a nylon buyer said.
Buyers are restocking empty pipelines following heavy destocking in November and December ahead of the year-end and just-in-time buying in January based on fears of macroeconomic uncertainty.
Automotive demand is strong because of high buying interest in
February nylon 6,6 virgin polymer contracts finalised at €2.80–2.90/kg FD (free delivered) NWE (northwest
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