04 February 2014 17:52 [Source: ICIS news]
LONDON (ICIS)--Demand for bulked continuous filament (BCF) fibre – a key downstream market for nylon 6 – is expected to be up to 7% higher in the first quarter of 2014 compared to the same period in 2013, according to a major BCF producer on Tuesday.
This was partly attributed to macroeconomic recovery, but also to lower inventory levels in January 2014 compared to January 2013.
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 on the back of increased 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.
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