PA6 and PA66 markets are facing declining prices in February due to low demand and oversupply, according to GC Intelligence market analysis.
Although recent data suggests a possible milder downturn, weak demand driven by high inflation and households facing high energy bills remains a concern.
Prices for PA6 and PA66 have decreased compared to the previous month. The market weakness and lower energy costs led to a decrease in prices.
PA6 and PA66 prices are expected to continue declining for the remainder of the year. The main factors driving the downside include lower gas prices and sluggish demand.
Despite the low prices improving Europe’s competitiveness against other regions, imports still pose a threat. Meanwhile, exports have failed to recover.
PA6, a tough and abrasion-resistant synthetic polymer, is used in the automotive, textile, and packaging industries, and injection-molded parts.
PA66, a strong and heat-resistant synthetic polymer, is commonly used for producing automotive parts, electrical equipment, and mechanical components.