27 March 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European March nylon 6,6 contract prices have increased by €0.05/kg ($0.07/kg), buyers and sellers confirmed on Tuesday.
Nylon 6,6 (or polyamide 6,6) price increases were the result of rising feedstock costs. Nylon 6,6 can be manufactured either using adipic acid, or adiponitrile via butadiene (BD). March adipic acid contract prices increased by €70/tonne, and the March BD contract price rose by €250/tonne, placing upward pressure on nylon 6,6 prices.
Virgin polymer March contract prices settled at €2.85–2.95/kg FD (free delivered) NWE (northwest Europe).
March nylon 6,6 contract price rises were heard as high as €0.20/kg, depending on starting point, but remained within the above-published range. All sources agreed that virgin polymer prices were yet to breach €3.00/kg. Some buyers saw prices in March as low as €2.80/kg, but this was not widely confirmed.
Views on nylon 6,6 demand are mixed. The market remains regionalised, with consumption varied, depending on the end-use market.
Buying interest in southern Europe is lower than in northern Europe because of weaker macroeconomic conditions in the former region.
Automotive demand from premium vehicle manufacturers remains firm, while mass-market producers are ordering less because of low consumer purchasing power, according to market sources.
($1 = €0.75)
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