Ascend Performance Materials declares Force Majeure (FM) in the PA66 market on July, 11 2018
Chemco Services Inc.
Nylon 66 Specialists
Nylon 66 Off Grade Pellets, Baled Fibers, and PA66 Post Industrial Shred
Email: jgubera@chemcoservices.com USA Tel # 281-556-6481
Ascend declares force majeure for Nylon 66 / PA66 resin, compouds, and fibers on July 11, 2018
Ascend Performance Materials based in Houston, TX, has declared force majeure (FM) in the PA66 market due to a fire on July 10th at their main polymer facility in the USA. Due to the production outage Ascend has put all of their Nylon 66 contractual customers on supply allocation. This incident at the plant has affected all of their PA66 polymer, compounds, and fiber customers. Ascend has not said how long they expect to see polymers lines down, and that they are working around the clock to get the plant back up and running at full capacity. After watching all PA66 materials showing a significant price increase in the first half of 2018 it will be interesting to see what affect the FM has on the PA66 world market.
In 1028 the PA66 resin market has experienced significant price increases that started back in December 2017. The Nylon 66 resin and compounds market has seen a material price increase every month through June of this 2018. The PA66 prices for July sales appeared to be level with June pricing, but after the current supply disruption and FM in the nylon market expect to see an additional price increase for August shipments. The outage at the Ascend plant in the USA will have a impact on the supply of Nylon 66 resins and compounds, which will probably equate to a price increase for August sales and shipments.
Nylon 66 prices will probably see at least one additional price increase before the end of 2018, and then hopefully there will be some stability in the world’s PA66 market after the 4th QTR of this year. No one really knows how much more the price of PA66 resin will increase, but it appears that 66 prices will increase to new historical highs due to strong demand for the product.
Chemco Services sells Nylon 66 off grade / wide specification pellets, baled fibers and
PA66 post industrial regrinds and shred. CSI does not sell or distribute and prime PA66 resin,
compounds, or fibers. Please contact Jim Gubera to discuss your PA66 off grade resin needs.
Chemco Services Inc.
Nylon 66 Specialists
Plastic Sales / Plastic Scrap Recycling
Contact Jim Gubera: jgubera@chemcoservices.com
Tel #: 281-556-6481