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European caprolactam prices face upward pressure

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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The European caprolactam market price continued to face upward pressure in November, due to the double-digit rise in the price of raw material benzene, the strong market demand, and the unplanned shutdown of the Belgian caprolactam plant, the current market supply is tight

Contract price negotiations for caprolactam in November are underway in the European market

Contract price negotiations for caprolactam in November are underway in the European market
.

Demand was severely disrupted during the first COVID-19 lockdown
.

Market demand for downstream nylon 6 continues to be strong, especially from engineering plastics
.

Demand for yarns, fibers and household goods, as well as nylon films for food packaging, is also currently stable in the European market
.
However, some players are somewhat cautious in their forecasts for the textile industry
.
They expect a second wave of epidemic restrictions could result in weaker demand for the textile industry than in other industries
.
This may become more apparent upstream in the first quarter of 2021
.
However, market sentiment is still quite positive for now, with all factors pointing to short-term support for caprolactam prices in Europe despite tighter restrictions in Europe
.
There will be more uncertainty in the market in early 2021
.

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