BASF seeks 10 cents/lb increase for nylon 6 in N America

17 January 2014 16:25  [Source: ICIS news]

HOUSTON (ICIS)--BASF has announced a 10 cent/lb ($220/tonne) price increase for its caprolactam (capro) and nylon 6 polymer in North America, effective 1 February, according to a news release made available to ICIS on Friday.

"The price increase is necessitated due to developments in raw materials," the polyamide producer said.

The announcement makes BASF the second nylon 6 producer to seek a price hike, following Honeywell's increase initiative of 10 cents/lb, effective 20 January.

Some suppliers believe that the producers will be able to get some of the price increase initiative.

"In the last quarter of 2013, there was considerable downward pressure, and that's kind of let up," a source said.

Some buyers, however, said the chances of the producers successfully implementing an increase are slim.

"I don't think they'll get it, personally," one buyer said. "There's too much material and not strong enough demand."

Another buyer said that it does not see the initiative sticking and that it would not accept any increases.

Currently, the ICIS-assessed domestic price for nylon 6 injection moulding grade in bulk is $1.57-1.83/lb.

Follow Tracy on Twitter


By: Tracy Dang
+1 713 525 2653



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