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Updated to Q2 2018
Supply increased at the beginning of Q2, as producers in the region ramped up operating rates following the end of the Lunar New Year festivities, in anticipation of an increase in demand after the extended break. However, demand was weaker than expected, and the poor downstream demand prompted some producers to reduce operating rates. Supply has since stabilised, as producers are maintaining operating rates to meet contractual obligations and supply spot cargo within the region.
Demand for spot cargo has been weak as nylon 6 markets have not been doing well. Weak demand for upstream caprolactam saw producers hiking offers to protect margins, and the nylon 6 producers have been trying to pass on the higher costs to their customers. This further weakened demand as buyers decreased buying quantities, preferring to only cover immediate needs from spot trade, citing inability to increase downstream product sales volume and prices any further.
We offer the following regional Nylon analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Nylon marketplace.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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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.
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We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Nylon. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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