29 January 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European nylon 6,6 January contract prices have finalised at a rollover because of unchanged fundamentals, buyers and sellers confirmed on Tuesday.
Nylon 6,6 (or polyamide 6,6) supply and demand are broadly balanced, with strong consumption from the premium automotive sector counterbalancing weak demand from the small- and mid-sized car market.
A €69/tonne ($93/tonne) rise in the upstream January benzene contract price has been counterbalanced by falls in the upstream butadiene (BD) contract price. The January BD contract price fell by €75/tonne compared with December.
Nylon 6,6 can be manufactured either from adipic acid (ADA) – which is downstream of benzene – or adiponitrile via BD.
Virgin polymer nylon 6,6 January contract prices finalised at €2.70-2.78/kg FD (free delivered) NWE (northwest Europe)
($1 = €0.74)
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