Europe June CX contract price fall unlikely to affect demand

07 June 2013 16:53  [Source: ICIS news]

LONDON (ICIS)--The European June cyclohexane (CX) contract price fall of €11/tonne ($14/tonne) is too limited to affect downstream demand, players said on Friday.

The monthly CX contract price is composed of the sum of the monthly benzene contract price and the quarterly CX delta contract.

The second quarter European cyclohexane (CX) delta and the June benzene contract price yield a June CX contract price of €1,193/tonne.

The European June benzene contract price settled at €1,045/tonne, down €11/tonne from the previous month.

The June contract price movement is too small to have an impact on downstream polyamide chain demand, sources said.

Downstream demand in the European adipic acid (ADA), caprolactam (capro) and nylon sectors remains weak because of poor macroeconomic conditions.

($1 = €0.76)

By: Mark Victory
+44 208 652 3214

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