04 February 2014 17:54 [Source: ICIS news]
LONDON (ICIS)--Southern European nylon consumption in the first quarter of 2014 will be up to 25% higher than in the first quarter of 2013, according to market estimates on Tuesday.
Nevertheless, demand in the first quarter of 2013 was at a low base in southern Europe because of the eurozone crisis, accounting for a significant portion of the demand increase.
Overall, European nylon demand in February is expected to be 4% higher than the same month in 2012, according to market sources. The majority of the rise in consumption is expected to come from the automotive industry because of high production rates at German car manufacturers.
New car sales in Germany rose by 6% in January month on month, according to a 4 February report by Reuters, which cited a source familiar with the matter.
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