An unexpected outage declared by LANXESS at its 220,000 ton/year Nylon 6 facility in Antwerp (Belgium) due to technical issues created feedstock supply shortage. Rise in demand from the downstream sector led to global tightness in supply throughout Q4. It was estimated by many buyers that due to strengthening demand and tightened supply, the cost for Nylon yarns was estimated to rise in upcoming quarter, encouraged early restocking. The NTY prices were largely impacted by the spike in upstream in Russia and buoyant demand from the recovering automotive sector.
ChemAnalyst addresses the key problematic areas and risks associated with chemical, petroleum and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Nylon Tire Yarn are analyzed and region-wise demand pattern is tracked.
Nylon Tire Yarn (NTY) is a widely used as reinforcement in tyre to provide them strength and durability. Around 97% of the global NTY produce is used in manufacturing tyres used in motorcycles, scooters, light commercial vehicles (LMVs), heavy commercial vehicles (HCVs) and off the road (OTR) vehicles. The production method involves the passage of dried Nylon chips into a melt spinning machines which are then made to enter the spinneret to form a yarn of different densities as per specifications. Fibres of different length and thickness are made using holes of different sizes and varying ejection speed. The filaments produced are coated with water & oil to ensure dimensional stability followed by optimum quenching and solidification which offers desired tensile strength, elasticity and shrinkage characteristics under requisite heating. The yarn thus formed is further stretched multiple times to its original length to ensure that macromolecules lie parallel to the fibre length for full strength. Nylon tire yarn can be used for manufacturing tire cords fabric using processes like twisting, weaving, and dipping of several fibers.
