7 January 2016
Nylon 6 prices have further declined on China's domestic market, in line with a similar fall of caprolctam prices. There is no recovery in sight, ahead of Chinese holidays. Our monthly report covers the latest trends of nylon (polyamide) 6 prices, also offering a detailed view of the caprolactam (CPL) prices in China. The nylon/CPL spread is also calculated for assessing gross margin trends for polyamide producers. Daily prices of the past 12 months are available for download.
Nylon 6 prices have continued dropping in the last weeks in China, in line with the fall of other petrochemical products at the same time.
Benchmark DTY 70D/24f has lost 650 yuan per metric ton or 3.8% in the last four weeks. In US$ terms, nylon 6 prices have been down 14 cents per kilo or 5.2%.
A fall of raw material costs may explain this new decline of polyamide prices.
After being relatively stable for a while, caprolactam prices have lost 600 yuan per MT or 5.9% in the last four weeks.
This is in line with similar trend of benzene, the raw material used for making CPL.
The gross margin of nylon 6 producers is even improving in the current period, but prices could soon retreat to lower levels.
With Chinese holidays looming, demand is expected declining. On the other hand, operating rates are also being lowered at nylon 6 plants, now falling below 60%.
Historical and daily updated data are available in our database about the