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MOSCOW (MRC) -- BASF says it will
increase prices for caprolactam and downstream polymer polyamide 6 (PA6, Nylon
6) in North America by 6 cents/lb, effective 1 January, said Chemweek.
Major
North American producers of caprolactam are AdvanSix, in Hopewell, Virginia;
BASF, in Freeport, Texas; and Univex, in Salamanca, Mexico. Caprolactam is
produced from the benzene derivatives phenol or cyclohexane.
North
American producers of Nylon 6 include AdvanSix, BASF, Cast Nylons, Custom
Resins, DuPont, EMS-Chemie, Mohawk Industries, Nylene Canada, Nylon Corporation
of America, Quadrant Engineering Plastic Products USA, and Shaw
Industries.
We remind that German
chemicals maker BASF said in early November it had put a project to build a
petrochemicals complex in India worth up to USD4 billion on hold due to the
economic uncertainty caused by the COVID-19 pandemic. BASF signed a memorandum
of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and
Borealis AG in October 2019 to evaluate a collaboration to build the chemical
site in Mundra, in India’s Gujarat state.
Ethylene and propylene are
feedstocks for producing polyethylene (PE) and polypropylene
(PP).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten
months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and
linear low density polyethylene (LLDPE) shipments increased. At the same time,
PP shipments to the Russian market reached 978,870 tonnes in
January-October 2020 (calculated using the formula: production minus exports
plus imports minus producers' inventories as of 1 January, 2020). Supply of
exclusively of PP random copolymer increased.
BASF is the leading
chemical company. It produces a wide range of chemicals, for example solvents,
amines, resins, glues, electronic-grade chemicals, industrial gases, basic
petrochemicals and inorganic chemicals. The most important customers for this
segment are the pharmaceutical, construction, textile and automotive
industries.
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