Nylon resins prices increase in November by €70-120/mt, according to the latest assessments from GC Intelligence. The increases in costs added another factor pushing up prices.
The recent increases in gas prices pushed up electricity prices and other costs, including raw materials. PA66 prices increased the most, particularly compounds given the shortages of additives.
Moreover, PA66, despite producers beginning to lift force majeure (FM) is still relatively short. The subdued demand from the automotive industry for now is only providing some relief to supply and avoiding a critical situation.
For PA6, the market is more balanced, but the higher gas prices have also hit the ammonia market, an important raw material. Most buyers will struggle to avoid increases during what seems be another wave of upward direction in prices in the next few weeks.
The higher energy costs added to other supporting factors, such as logistic disruptions and good demand in many markets. There will be resistance from those buyers that have seen prices increase during most of this year. But most will probably struggle to secure rollovers.