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BASF to increase caprolactam, nylon 6 prices

December 22/2020

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 Indias 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.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry, BASF.
Category:General News
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