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European nylon and caprolactam demand continues to be sluggish

 Last Update: 2021-09-04
 Source: Internet
 Author: User

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According to Axunsi, the European nylon 6, nylon 66 and upstream caprolactam markets are expected to maintain a sluggish trend before consumption in the downstream automotive industry significantly improves

In 2019, the growth rate of the auto industry slowed sharply, and automakers reduced auto production

Market participants expect that any improvement in demand will depend on the restoration of market confidence and the stability of the global political situation

Due to the decline in demand throughout 2019, the oversupply in the nylon and caprolactam markets has increased the degree of competition in the market

The supply of nylon 66 has been tight since 2018.

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