Europe nylon 6,6 June contracts settle at rollover to €0.05/kg fall

26 June 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European nylon 6,6 June contract prices have settled at a rollover to a reduction of €0.05/kg ($0.06/kg), buyers and sellers said on Tuesday.

Nylon 6,6 (or polyamide 6,6) June contract price rollovers were the result of balanced supply and demand fundamentals.

Reductions of €0.05/kg were caused by falling feedstock butadiene (BD) costs in June. The June BD contract settled at a reduction of €400/tonne.

Nylon 6,6 can be manufactured either using adiponitrile via BD, or adipic acid – which uses benzene as a feedstock.

A minority of players saw nylon 6,6 June contract reductions of as much as €0.10/kg, but this was not considered representative of the majority of business.

Buying interest from small- and mid-sized automotive producers is weak because of reduced consumer purchasing power.

Nevertheless, this has been counterbalanced by strong demand from premium-automotive manufacturers.

So far in 2012, premium-automotive demand has been unaffected by  the effects of the general economic downturn because of high buying interest in China on the back of upwards social mobility.

Although some sources are now seeing signs of weakness in the premium-automotive sector, the majority of players continue to see premium-automotive demand as strong.

The virgin polymer nylon 6,6 contract finalised at €2.75-2.85/kg FD (free delivered) NWE (northwest Europe).

($1 = €0.80)


By: Mark Victory
+44 208 652 3214



AddThis Social Bookmark Button

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

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index