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Updated to Q4 2018
The nylon 6 market in Q4 2018 was amply supplied amid an unexpected fall in demand during its traditional peak months. With some facilities adjusting operating rates upwards towards the end of Q3 in anticipation of the peak period, inventories were high. Additionally, in domestic China, higher inventories prompted producers to slash prices in order to attract buyers. Yet this was in vain as they were still met with unsold cargo, contributing to the oversupply.
In Q4 2018, demand for nylon 6 saw a brief increase in the beginning of the quarter, but soon fell as the traditional peak winter months were warmer than usual. Buyers were hesitant to commit to larger parcels as they were finding difficulty selling finished products. In particular, sales for winter apparel were hard hit as only the most wintery regions were replenishing inventories. Many facilities operated at reduced rates amid reduced order quantities.
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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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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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