PA6 and PA66 prices are expected to continue declining for the remainder of the year due to ongoing falls in gas prices and sluggish demand in key markets such as automotive, construction, and electrical and electronics.
However, recent positive data, including decreases in inflation and improving consumer confidence, suggests a milder downturn.
If this rebound in demand is gradual, it will be met with increases in supply since suppliers in Europe have had to reduce production to meet lower demand.
Therefore, a gradual increase in demand should not lead to a rebound in prices.
Meanwhile, although prices will likely remain under downward pressure, they will not fall back to levels seen in 2020 due to costs remaining high, as gas prices should not fall back down close to their long-term levels of €20/MWh.
Should the market experience a fast recovery in demand or, as usual, unexpected production issues, then a price recovery is possible.
The market update is an exerpt fromt the monthly report.
Nylon Engineering Resins Report
The GC Intelligence™ Nylon Engineering Resins (PA6/PA66) Market Prices, Forecasts, and Analysis reports are published monthly. The reports contain historical, current, and forecast prices of PA66 GF30; PA66 Natural; PA6 GF30; PA6 Natural.
- PA66 GF30
- PA66 Natural
- PA6 GF30
- PA6 Natural