Europe nylon 6 producers target margin recovery in April

08 April 2014 16:35  [Source: ICIS news]

LONDON (ICIS)--European nylon 6 producers are targeting April price rises of up to €30/tonne to recover margins and upstream cyclohexane (CX) cost increases, they said on Tuesday.

Nylon 6 buyers are yet to set firm targets, and discussions are at an early stage.

Nylon 6 demand has been increasing because of macroeconomic recovery. Coupled with a heavy upstream turnaround schedule in the second quarter, nylon 6 producers argue that supply will be tight.

Nevertheless, buyers argue that availability remains good, particularly in light of weak demand and low prices in Asia.

The €30/tonne rise in the nylon 6 March contract price has meant that the nylon 6 spread against capro has returned to similar – albeit marginally wider – levels seen in November.

Nylon 6 to capro to CX price spread (€/tonne)

 

Capro contract FD NWE

Nylon 6 virgin polymer contract FD NWE

Nylon 6/capro Spread

CX contract ex-works

Capro/CX spread

November

€1,828-1,855/tonne

€2,020-2,140/tonne

€192-285/tonne

€999/tonne

€829-856/tonne

December

€1,868-1,885/tonne

€2,050-2,140/tonne

€182-255/tonne

€1,108/tonne

€760-777/tonne

January

€1,913-1,917/tonne

€2,070-2,190/tonne

€157-273/tonne

€1,150/tonne

€763-767/tonne

February

€1,963-1,977/tonne

€2,120-2,240/tonne

€157-263/tonne

€1,211/tonne

€752-766/tonne

March

€1,963-1,977/tonne

€2,150-2,270/tonne

€187-293/tonne

€1,159/tonne

€804-818/tonne

 


By: Mark Victory
+44 208 652 3214



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