02 April 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European nylon 6,6 (or polyamide 6,6) March contract prices have settled at a rollover to an increase of €0.05/kg ($0.06/kg), depending on starting point, buyer and sellers said on Tuesday.
Although producers had been targeting a price rise of up to €0.15/kg to restore margins, weak automotive demand prevented this.
New registrations for commercial vehicles in the EU continued to decline in February, according to data from the European Automobile Manufacturers’ Association (ACEA) on Wednesday.
In February, demand for new commercial vehicle registrations was down for the 14th consecutive month in the EU, dropping to 109,331 units, a fall of 13.3% compared with the same month the year before.
New passenger car registrations in the EU fell by 10.5% year-on-year in February 2013, according to ACEA statistics.
Virgin polymer nylon 6,6 March contracts settled at €2.75-2.78/kg FD (free delivered) NWE (northwest Europe).
($1 = €0.78)
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