Prices are on an upward trend that looks set to continue in Q2.
PA66 prices gain €260/mt in March in Europe because of short supply, high costs, and good demand.
This is the fourth consecutive price increase, and the climb is getting steeper, according to GC Intelligence price assessments.
Availability remains tight, especially after the power outages in the US which made a bad situation worse in Europe.
At the same time, the pandemic is causing logistics and plant disruptions upstream, which is increasing costs.
What is more, panic buying and healthy activity downstream is driving demand, further fuelling the upside in PA66 prices.
However, players noted an ease in the auto industry in March, with some companies forced to reduce operations because of lack of raw materials.
While semiconductors is a major factor slowing down production of cars, the sector is suffering from a multitude of shortages.
Nevertheless, several suppliers to the industry said demand is still strong and will remain like this even during the Easter break, with positive projections for 2021.
Nylon 66 (PA66) prices should continue to increase in Q2 amid expectations of healthy demand and short supply.
But as disruption impact downstream markets and Europe enters a third wave of the virus, the outlook for PA66 prices has been weakened in 2H 2021.
