Falling crude oil sets nylon chain on a freefall

News Tags: Benzene price, caprolactum price, crude oil price, nylon chip price, nylon filament price, Nylon price, Nylon yarn price, polyamide chip price

Mumbai
Falling crude oil sets nylon chain on a freefall
Summary: 
The nylon value chain has lost more than half its values in Asian markets by end 2015 end ever since they were at their yearly peak in May-June. The plunge was triggered by the rapidly falling crude oil prices where in benzene, a refinery product – is closely linked. Caprolactum, a nylon fibre

The nylon value chain has lost more than half its values in Asian markets by end 2015 end ever since they were at their yearly peak in May-June. The plunge was triggered by the rapidly falling crude oil prices where in benzene, a refinery product – is closely linked. Caprolactum, a nylon fibre intermediate, is derived from benzene via cyclohexane. Nylon chip, nylon fibre and nylon filament yarn are derived from caprolactum. Thus, the final product costing depends on the movement in crude oil and thereby, benzene markets.

yarnsandfiber.com
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Nylon chain will roll over the strong sentiment in May

News Tags: Benzene price, caprolactam price, caprolactum price, nylon chip price, nylon filament price, Nylon price, polyamide chip price

Mumbai
Nylon chain will roll over the strong sentiment in May
Summary: 
Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest

Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest and gains in Europe. In Europe, reduced pygas availability pushed benzene markets up while exports and rising demand reduce domestic supply. US spot prices rose 12% while European spot jumped 17% from March.

yarnsandfibers.com
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Benzene strengthens support to downstream nylon chain

News Tags: Benzene price in asia, Benzene price in Europe, Benzene price in USA, caprolactum price in Asia, caprolactum price in Europe, caprolactum price in USA, nylon fibre price, nylon filament price, nylon textile yarn prices, polyamide chip price

Mumbai
Summary: 
Thus, the spurt in benzene had a quick percolating effect of the nylon chain as prices all along were seen rising in March. Expectation of a further surge in benzene values will only add to the escalation and buyers will seek to replenish as much as possible to balance cost and pricing of their end products.

Benzene prices surged 13-16% in March across regions while US numbers hit a four-month high in the first week of the month. In Asia, a strong demand for May cargoes supported prices to go up while in European bullish sentiments caused prices to jump. In US, derivative styrene’s demand for benzene held firm as participants eyed export opportunities to Europe, which ultimately led to reductions in benzene supply locally. In Latin America, benzene prices rose week on week tracking key global markets higher.

yarnsandfibers.com
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Nylon yarn makers enjoying increased margins despite soft pricing

News Tags: benzene prices, caprolactam price, nylon chip price, nylon filament price, Nylon prices, Nylon yarn price, polyamide chip price

Mumbai
Nylon yarn makers enjoying increased margins despite soft pricing
Summary: 
Increasing supplies of crude oil from North American shale formations continued to weigh heavily on prices this year, creating a glut in world markets and decreasing demand for oil from the Organization of the Petroleum Exporting Countries. OPEC forecast that its market share would be 5 percent lower by 2018 as shale supplies continued to increase faster than demand. However, OPEC Secretary-General Abdullah al-Badri believes that the 12-member cartel, which pumps a third of the world's oil, prices would recover next year.

Increasing supplies of crude oil from North American shale formations continued to weigh heavily on prices this year, creating a glut in world markets and decreasing demand for oil from the Organization of the Petroleum Exporting Countries. OPEC forecast that its market share would be 5 percent lower by 2018 as shale supplies continued to increase faster than demand. However, OPEC Secretary-General Abdullah al-Badri believes that the 12-member cartel, which pumps a third of the world's oil, prices would recover next year.

Yarnsandfibers.com
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Nylon textile value chain stable but may see prices dropping soon

News Tags: Benzene price, caprolactam price, nylon filament price, nylon textile price

Mumbai
Nylon textile value chain stable
Summary: 
Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US. Prices were softer earlier in the week, but as western goods started climbing supporting Asian numbers.

Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US. Prices were softer earlier in the week, but as western goods started climbing supporting Asian numbers. In Europe, as benzene inventories remained low and spot prices continued to be prone to sharp swings. Assessments for spot barges were heard at US$ 1,384.50-1,385.50 a ton FOB Rotterdam while CIF ARA numbers were at US$1,374.50-1,375.50 a ton, both up US$12 from last week.

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