The price of Polyamide x in the European market witnessed an initial rise during the first half of March, followed by stabilization in the latter half of the month. This price movement was primarily driven by a combination of factors, including a shortage of feedstock Caprolactam, which is a key raw material for Polyamide x production. Additionally, there were increases in raw material prices across the industry, further influencing the cost of Polyamide x. Another contributing factor was the improvement observed in the downstream automotive market, which led to an uptick in demand for Polyamide x. As a ripple effect, the price of Polyamide GF x settled at USD xxxx/MT on a DDP Hamburg basis at the end of the first quarter.
In Germany, the market for Benzene has experienced a notable upswing in prices, primarily attributed to heightened demand from industries reliant on styrene, phenol, and...
