02 Apr 2024 | 00:55 UTC

Platts launches daily global Nylon-6, Nylon-66 resin spot assessments

Platts, part of S&P Global Commodity Insights, has launched Nylon-6 (chemically known as Polyamide-6) and Nylon-66 (chemically known as Polyamide-66) assessments across Asia and the US effective April 1, and in Europe, effective April 2.

Simultaneously, Platts also started the coverage of nylon intermediates market, which has been announced in separate methodology subscriber notes.

The assessments are further additions to Platts existing wide suite of polymer prices and are meant to better serve the growing fibers and engineering industry.

Details of the global Nylon-66 assessments are as follows:

Basis and location Laycan Cargo size UOM Product specifications Symbol Timestamp
FOB China Loading 20-40 days forward 100-300 mt $/mt Engineering grade resin, with a viscosity of 2.4-2.7 g/ml CN66A00 1630 Singapore time
Ex-works US Southeast Loading 10-30 days forward 20-24 mt USD/lb Engineering grade resin, with a viscosity of 2.33-2.67 g/ml, melting temperature at 262°C CN66U01 1330 US Central time
DDP Northwest Europe Delivered 3- 30 days forward 20-24 mt Eur/mt Engineering grade resin, with a viscosity of 2.7 g/ml CN66E01 1630 London time

* "Resin" and "chips" are used interchangeably.

Platts originally proposed to assess black Nylon-66 in Europe. However, following market feedback, Platts decided to assess mainstream non-black color engineering grade instead.

Details of the global Nylon-6 assessments are as follows:

Basis and location Laycan Cargo size UOM Product specifications Symbols Timestamp
FOB China Loading 20-40 days forward 200-500 mt $/mt Bright textile grade resin with a viscosity of 2.4-2.7 g/ml CPA6A01 1630 Singapore time
FOB China Loading 20-40 days forward 200-500 mt $/mt Semi-dull textile grade resin with a viscosity of 2.4-2.7 g/ml CPA6A02
FOB China Loading 20-40 days forward 200-500 mt $/mt Full-dull textile grade resin with a viscosity of 2.4-2.7 g/ml CPA6A03
Ex-works US Southeast Loading 10-30 days forward 20-24 mt USD/lb Resin with a viscosity of 2.65-2.7 g/ml, melting temperature at 220°C CPA6U01 1330 US Central time
DDP Northwest Europe Delivered 3-30 days forward 20-24 mt Eur/mt Resin with a viscosity of 2.7 g/ml, Color: Bright with no additives (prime/virgin grade) CPA6E01 1630 London time

All market information reported through the week to Platts may be considered and will be published in real time, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process. The assessments will be published on business days in line with regional publication schedules.

Pricing information with terms, locations, and specifications different from the above standard may be considered for assessment purposes, subject to normalization.

Prices and market commentaries for both nylon 6 and nylon 6,6 assessments can be found in Platts Polymerscan and are also available on Platts Connect and are accompanied with a weekly commentary under nylon chain, published on Wednesday.

Please send any questions, comments or feedback to petchems@spglobal.com with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.