LONDON (GC Intelligence) — European nylon 66 (PA66) prices decreased from January to February.
This continues the the downward trend that has lasted for more than a year.
Prices for PA66 Natural and GF30 grades were adjusted €120-150/mt down in February, according to GC Intelligence price assessments.
However, not all market participants experienced such price decreases.
Many buyers have been slow to catch up and are currently adjusting down substantially amid poor market conditions and good supply.
Other buyers were subject to smaller decreases because they have been able to drive price down before.
The ongoing poor demand from key sectors such as automotive and now the coronavirus (Covid-19) were leading the downside.
The situation is now expected to become worse, with demand decreasing and supply increasing.
The big falls in oil prices will place pressure on costs and will probably add more downside to PA66 prices in the coming months.
PA66 market participants are now looking at yet another bleak year for sales and profits.
NOTE: For price indices, forecasts, and a more in-depth market analysis take a look at the GC INTELLIGENCE® Market Reports…→