PA66 prices increased €40-50/mt in October on the back short supply and high costs, according to GC Intelligence prices assessments.
Nylon 66 (PA66) prices have been supported for more than a year, rallying in the spring due to severe tightness.
A period of relative stability was expected in Q4 as supply disruptions eased lately.
However, the recent spikes in energy prices appear to have revived the upside in prices.
First, crude oil prices increased from around $75/bbl last month to $85/bbl and will likely push up raw material benzene prices.
Second, the high gas prices have increased prices and tightened ammonia supply, a vital raw material for both PA66 and PA6.
With more disruptions to value chains, players could face another wave of price increases in the next few months.