The Nylon markets are covered by our local ICIS reporters in Asia, Europe and the US on a weekly basis.
Our unbiased and informative commentary gives an overview, details on upstream movements, graphs and intelligence about the different grades. In Asia, spot prices focus on textile grades for fully-drawn yarn, partially oriented yarn, industrial grade and chips. In Europe, Nylon 6, Nylon 6,6 and virgin polymer quotations are published, while in the US, Nylon 6 resin and Nylon 6,6 are assessed. These invaluable and reliable reports will assist you when making key business decisions.
Our editor gives their expert view
Nylon Overview Transcript
Nylon is widely used in the manufacture of hosiery, garments, straps, ropes, filaments, nets and tyre cords.
It is often replaced by cheaper-cost polyester as a synthetic fibre. But demand for nylon remains strong in certain technical niches such as women’s hosiery and intimate apparel, because of its fine deniers, dark colours and durable textures. Tyre cord is also one of nylon’s strongholds.
Currently China is the world’s largest producer, consumer, importer and exporter of textiles.
Downstream demand growth for nylon is gradually concentrating in China and is regarded by many industrial players as the only location where important capacity additions can occur.
China relies heavily on Taiwan’s production capacity, currently importing more than 70% of the nylon chips consumed by it’s domestic nylon yarn market.
Demand is higher during the peak manufacturing season during the spring and autumn.
One of the key price drivers for nylon is the feedstock caprolactam prices which is fundamentally tight.
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Nylon news and market information products from ICIS
We offer the following regional Nylon analysis and news coverage to keep you informed of factors and developments affecting prices in the Nylon marketplace.
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Nylon: Market overview
Updated to Q1 2016
The European and US nylon 6 markets remain structurally oversupplied, and this will continue to limit any price increases in the first quarter. Additionally, new capacity due to come on-stream in 2016 will further exacerbate the situation.
In Europe, players throughout the nylon chain are seeking margins improvements in 2016 as profits throughout the chain were squeezed in 2015, due to negative trading conditions. A large gap between nylon 6 and nylon 6,6 virgin polymers remains a concern for nylon 6,6 players. The gap has limited nylon 6,6 contract price rises in recent months.
Meanwhile, the competitive landscape will continue to drive price changes in the US nylon 6 market for freely negotiated business. Although raw material costs appear to be stabilising, long supply is expected to impact pricing as suppliers try to keep their share of the market.
Soft fundamentals are also affecting the nylon 6,6 market, which is more balanced than nylon 6. Sources considered it lucky if they see prices moving back up this quarter.
In Asia, nylon chips prices in the first quarter of 2016 will remain dull prior to the Lunar New Year as downstream yarn and textile makers are looking to shut their facilities in mid-January prior to the long holidays, amid weakness in global macroeconomic situation affecting consumption. It is uncertain whether conditions will improve after Lunar New Year, when manufacturing activities picks up, or whether softness in crude will dampen trading sentiments as market participants adopt a wait and see attitude on upstream volatility.
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Nylon, also called polyamide, is used mainly in fibre and engineering polymer applications. The two main nylons are nylon 6, which is made from caprolactam, and nylon 6,6, which is produced from adipic acid.
Nylon fibres are used in apparel such as ladies’ hosiery (stockings), sleepwear and underwear, carpets and home furnishings. Other fibre applications include tyre cord, fishing line, brush bristles and tough fabrics for parachutes, backpacks and luggage.
Nylon engineering resins are employed in automotive parts such as bearings, gears, cams and intake manifolds.
Other applications include industrial machinery and electrical and electronic equipment. Compounding the nylon with reinforcements, fillers, impact modifiers, flame retardants and other additives further enhances its properties to give a wider range of applications.