BASF Issues Price Increases for Caprolactam, Nylon 6 & Copolymer
Increases reflect tight supply and increased demand.
BASF has announced increases for feedstock caprolactam, nylon 6 and nylon 6/66 copolymer in North America. Effective May 1, or as contracts allow, the increase of 30¢/lb applies to each of the three products.
Although the company did not attribute the increases to any one thing, PT has previously reported that prices were on an upward trajectory since early this year. Nylon 6 prices moved up 15¢/lb in the January-February timeframe as suppliers implemented their late 2020 fourth quarter announced increases, based on higher prices of raw materials and increased demand from automotive and the fiber/textile sectors. Industry sources ventured the potential for further increases in the April-May timeframe owing to the Gulf Coast winter freeze in February which resulted in the shutdown of feedstock and resin plants, and leading to demand outpacing supply.
Related Content
-
Prices for All Volume Resins Head Down at End of 2023
Flat-to-downward trajectory for at least this month.
-
Resins & Additives for Sustainability in Vehicles, Electronics, Packaging & Medical
Material suppliers have been stepping up with resins and additives for the ‘circular economy,’ ranging from mechanically or chemically recycled to biobased content.
-
Volume Resin Prices Move in Different Directions
PE, PP, PVC, and ABS prices slump, while PS, PET, PC, and nylons 6 and 66 prices rise.