10 July 2012 19:15 [Source: ICIS news]
HOUSTON (ICIS)--North American nylon 6 domestic prices fell by 7 cents/lb ($154/tonne, €125/tonne) after a month-long effort by buyers to get producers to reduce prices because of weak demand abroad and lower feedstock costs, market sources said on Tuesday.
Prices for injection moulding grade, unfilled, nylon 6 in bulk moved from an average of $2.06/lb to $1.99/lb.
The 3.4% decrease was attributed to the global softness.
Domestically, producers and buyers have seen rising costs in building block benzene, and volatile caprolactam (capro) prices, but other feedstocks – phenol, cumene and propylene – have been flat or decreasing in the past few months.
Producers have not had problems acquiring the raw materials and buyers have not had any issues with acquiring the amount of nylon 6 material they need to satisfy their needs and the needs of their customers.
Nylon 6 market participants believe the market has hit bottom in pricing and will regain strength as the manufacturing season gains momentum.
Meanwhile, nylon 6,6 prices remained flat.
North American producers of nylon 6 include BASF, Custom Resins, DSM Engineering Plastics, EMS-Grivory, Honeywell, Nylon Corporation of America (NYCOA) and Shaw Industries.
($1 = €0.81)
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