08 January 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--Nylon 6,6 December contract prices settled at a rollover because of unchanged fundamentals, buyers and sellers confirmed on Tuesday.
Demand remains weak, because of poor macroeconomic conditions, but is in line with supply.
Feedstock price movements have counterbalanced each other. Nylon 6,6 can be manufactured either from adipic acid (ADA) – which is downstream of benzene – or adipontrile via butadiene (BD). Although the benzene contract prices increased in December by €52/tonne ($68/tonne), the BD contract price fell by €40/tonne.
January nylon 6,6 contract prices are also expected to roll over because of stable fundamentals. Although the benzene contract price rose another €69/tonne in January, the BD contract price fell by €75/tonne.
The virgin polymer nylon 6,6 December contract finalised at €2.70-2.78/kg FD (free delivered) NWE (northwest Europe).
($1 = 0.76)
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