Germany's LANXESS latest to target Europe nylon 6,6 price hikes

20 February 2013 10:30  [Source: ICIS news]

LONDON (ICIS)--Germany's LANXESS on Wednesday became the latest European nylon 6,6 producer to target high price rises.

The producer is targeting a price rise of €0.15/kg ($0.20/kg) on its Durethan A nylon 6,6 product line from 1 March, the company said.

This follows on from Solvay Polyamide and Intermediates announcement on 19 February that it will target price increases on its European Stabamid nylon 6,6 polymer range by 5% with immediate effect, or as contracts allow.

Other nylon 6,6 producers have been targeting February contract price rises of up to €0.15/kg.

Nylon 6,6 buyers, however, are targeting between a rollover and price decrease for February, arguing that the supply and demand picture is mixed, depending on end use and geographical region, and that small- and mid-sized automotive demand is too weak to justify a price increase.

Producers targeting significant price rises have cited the high cost of upstream benzene.

Nylon 6,6 can be produced either from adipic acid – which is downstream of benzene – or from adiponitrile via butadiene (BD).

Although the February benzene contract fell significantly compared with January, during the period from July 2011 to February 2013 benzene contract prices have increased by €286/tonne.

During the same period, BD contract prices have fallen substantially, dropping €1,135/tonne.

Between July 2011 and January 2013, nylon 6,6 virgin polymer contract prices have fallen by €0.20-0.32/kg.

($1 = €0.75)


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