PA66 prices gain €90/mt from December to January, according to GC Intelligence price assessments.
Nylon 66 (PA66) found more support in January as it continued the upward momentum seen for most of last year.
Sellers succeeded once more to increase prices because supply remains tight amid good demand.
At the same time, the increases represent an attempt to pass on the cost increases of raw materials and utility prices.
The automotive industry is one of the largest markets for PA66. However, demand during the pandemic has suffered and continues to do so. Despite this, other markets are doing much better and are offsetting the slow demand from the automotive industry.
For example, the electrical and electronics market has been particularly strong during the pandemic. And there were no indications in January that suggest this trend was slowing down.