Europe nylon 6,6 February contracts roll over

05 March 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--European nylon 6,6 February contracts have rolled over from January, as producers’ needs to restore margins were counterbalanced by oversupply and weak demand, sources said on Tuesday.

Producers had been targeting price rises of up to €0.15/kg ($0.19/kg) in order to re-establish margins against the upstream benzene contract price.

Nevertheless, weak demand caused by poor macroeconomic conditions reducing consumer purchasing power has consistently prevented producers from increasing nylon 6,6 prices.

Nylon 6,6 contract prices have been unmoved since July 2012. Producers are now targeting heavy increases for March - again of up to €0.15/kg . Buyers are targeting a minimum of a rollover because of weak demand.

Although automotive demand is highly fragmented by geographical location and end-use, sources estimate that consumption from vehicle manufacturers is around 15% lower year-to-date in 2013 than compared with the same period last year.

Automotive demand is higher for premium vehicles – driven by exports to Asia on the back of upward social mobility. Premium automotives have been shielded from the general economic downturn because of their exclusivity and lower availability.

Virgin polymer nylon 6,6 February contract prices finalised at €2.70-2.78/kg FD (free delivered) NWE (northwest Europe).

($1 = €0.77)


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