BASF seeks 10 cent/lb hike for N America nylon 6 on feedstock

01 November 2012 20:20  [Source: ICIS news]

HOUSTON (ICIS)--BASF seeks to increase North American nylon 6 prices by 10 cents/lb ($220/tonne, €170/tonne), effective on 5 November or as contracts allow, a company said on Thursday.

The current domestic price range for injection-moulding-grade nylon 6 in bulk, as assessed by ICIS, is $1.70-1.90/lb.

In a statement, BASF attributed the increase to feedstock.

The November US benzene contract, a building block for nylon, rose 50 cents/gal, settling on Wednesday at $4.90/gal.

Since January, the contract price for benzene has risen by 32.4%.

Benzene spot prices were well above the $5.00/gal mark in October, with a record high trade achieved at $5.35/gal FOB (free on board).

Buyers were generally unavailable for comment. One buyer that did comment said it would not be affected by the proposed increase, as it has a contract with the supplier.

BASF did not respond to a request for further comment.

($1 = €0.77)

By: Wesley Busch
+1 713 525 2653

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