Nylon

Nylons are one of the most common polymers used as a fibre. Another name for this material is polyamide, due to the characteristic amide groups in the backbone chain. Nylon 6 is made from caprolactam and nylon 6,6 is made from Adipic acid. About 24% of nylon 6 is used in engineering resins and the rest in nylon fibres.

Nylon 6 fibres are made into textile, carpet and industrial yarns. Nylon 6,6 is a general purpose extruded grade of nylon that is tough, has good electrical insulating properties and noise dampening characteristics. Nylon resins are noted for their performance properties including high tensile strength, excellent abrasion, chemical and heat resistance, and low coefficient of friction. Hence they are used in engineering plastics with applications in the automotive industry, electronics and industrial components and films for food packaging, as well as fabric, carpeting, sportswear and recreational equipment.

In Europe, demand for engineering resins has been growing strongly although it has now slowed to 4-5% per annum, while the nylon fibres market is mature at 1-2% per annum growth.

In Asia Pacific, the Nylon report covers price movements of five nylon 6 textile grade yarns and two nylon 6 industrial grade tire cord yarns, mostly produced in Taiwan and Korea. Major players are in Korea, Taiwan and Japan with numerous joint venture plants throughout the region. As production moves to lower cost areas, capacity is being added in southeast Asia. Domestic trade dominates the market as only 30% of production at the numerous plants in the region is exported. Most new nylon capacity is coming in China. Competition from Chinese producers and shrinking domestic demand in Korea have led large Korean producers to reduce production by a to 70% of capacity in recent years.

In the US, an important outlet for Nylon is the automobile industry, particularly for under-the-hood applications and air-bags, followed by textile, carpet, industrial yarns, film, cable coating and electronics.

Nylon 6/6 accounts for over half of North American nylon production, divided into fibres and engineering resins. Some Nylon consumers favour Nylon 6/6 because of its properties of good heat and chemical resistance and formability.  Automakers say it offers better characteristics for intake manifolds, fan shrouds, fuel vapour canisters, air cleaners and radiator end- tanks.

ICIS pricing quotes NYLON in Europe, Asia-Pacific and the USA.  

Frequency:

Published weekly on Tuesdays.

Nylon (EUROPE)

Weekly Price Assessments:

Nylon 6 Inj Moulded (All FD NWE)

• 30% Glass Filled (Prime) (EUR/KG)
• Unfilled (Prime) (EUR/KG)
• Unfilled (Industrial Grade) (EUR/KG)

Nylon 6,6 Inj Moulded (All FD NWE)

• 30% Glass Filled (Prime) (EUR/KG)

• Unfilled (Prime) (EUR/KG)
• Unfilled (Industrial Grade) (EUR/KG)

Virgin Polymer 

• Nylon 6 (EUR/KG)
• Nylon 6,6 (EUR/KG)

Nylon (ASIA-PACIFIC)

Weekly Price Assessments:

Nylon Market Prices (All FOB N.E.Asia)

Fully Drawn Yarn Textile Grade

• 70 DENIER (USD/KG & conversion to USD/LB)
• 100 DENIER (USD/KG & conversion to USD/LB)
• 40 DENIER (USD/KG & conversion to USD/LB)

Partial Oriented Yarn Textile Grade

• 86 DENIER (USD/KG & conversion to USD/LB)
• 120 DENIER (USD/KG & conversion to USD/LB)

Industrial Grade

• TIRE CORD (USD/KG & conversion to USD/LB)

Nylon 6,6 Industrial Grade

• TIRE CORD (USD/KG & conversion to USD/LB)

Nylon Chips Spot Prices

• TEXTILE GRADE CFR CHINA (USD/MT & conversion to USD/LB)

Nylon (USA)

Weekly Price Assessments:

Nylon Domestic Prices Resin Grades

Nylon 6 Inj Molded

• BULK (UNFILLED) (USD/LB & conversion to USD/MT)
• PACKAGE (UNFILLED) (USD/LB & conversion to USD/MT)
• INDUSTRIAL GRADE (USD/LB & conversion to USD/MT)
• REINFORCED 30% GLASS FILLED (USD/LB & conversion to USD/MT)

Nylon 6/6 Inj Molded

• BULK (UNFILLED) (USD/LB & conversion to USD/MT)
• PACKAGE (UNFILLED) (USD/LB & conversion to USD/MT)
• INDUSTRIAL GRADE (USD/LB & conversion to USD/MT)
• REINFORCED 30% GLASS FILLED (USD/LB & conversion to USD/MT)

General Information:

Assessment window: Price assessments are based on information supplied by market participants through the week up to close of business on Tuesdays at 1700 hours in London, Singapore and Houston.

Specification: In Europe and the US, all grades assessed are either natural or black. Industrial grade refers to product made up of one or a mix of the following materials: regrind, recycled fibre, offgrade/wide spec and virgin resin. In Asia, the specifications for textile grades are semi dull type. Industrial grades covered are for tire chord.

Timing: Cargoes typically loading or delivered up to four weeks forward from the date of publication. In Europe, prices are quoted for cargoes loading in the current month or according to contract.

Terms: 30-60 days after bill of lading date.

Standard cargo size: In Asia, ICIS pricing quotes monthly contract prices to medium and large consumers in 50-200 tonne lots. In Europe and the US, numbers represent contract prices into medium and large consumers in 20-25 tonne lots.

Assessment basis: In Europe and the US, aside from headline assessments the report also mentions quarterly changes in prices. All grades assessed are either natural or black. Industrial grade refers to product made up of one or a mix of the following materials: regrind, recycled fibre, offgrade/wide spec and virgin resin. 

The FOB N.E. Asia quotes reflect exports from Taiwan and Korea to China, South Asia, the Middle East, US and Europe. Prices are monitored weekly based on reported business and bids-offers heard in the previous week (Wednesday to Tuesday) and updated following confirmation.

Additional market commentary on the performance of Low Viscosity Nylon 6 Chips for textile applications and Medium Viscosity Nylon 6 Chips for injection moulding applications is available in the text. References to feedstock caprolactam and adipic acid price trends, general price direction sentiment for all nylon grades and production status are also featured in the text.

The USA report also makes reference to markets in Latin America.

All regional reports offer market commentary that includes details of traced transactions, news on the supply/demand balance, export/import information, contract price negotiations and general sentiment for price direction. Where applicable there is product information, comments on up and downstream market developments and general market intelligence.

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