11 June 2013 16:59 [Source: ICIS news]
LONDON (ICIS)--European nylon 6,6 June contract prices are expected to rollover because of the need to restore margins, buyers and sellers said on Tuesday.
Despite falls in upstream June contract prices, producers are targeting a rollover to restore some profitability to the market.The upstream butadiene (BD) June contract price fell by €90/tonne ($120/tonne). Nylon 6,6 can be manufactured either from adipic acid (ADA), which is downstream of benzene, or adiponitrile (ADN) via BD.
Nylon 6,6 demand remains weak, although unchanged from May levels, because of poor macroeconomic conditions.
($1 = €0.75)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections