Page 1 of the Press Release:Challenging Times for the European Polyamide Industry– PCI Nylon to host "European Nylon Symposium 2014"
Challenging Times for the European Polyamide Industry
PCI Nylonto host"European Nylon Symposium 2014"
Oberursel/Germany, December2013. –The global polyamide industry is currently undergoing a massive investment wave which is set to continue in 2014. This new capacity – essentially all of it in China – is forcing the rest of the industry to rethink their plans and consider their options. For the last decade, European producers have been able to grow their polyamide (nylon) businesses by selling ever-growing quantities of intermediates and polymers to Asia in general and China specifically. As China becomes self-sufficient in all these materials, these export opportunities are fading fast and producers are turning back to their domestic markets in search of alternatives. But with everyone in the same situation the result is over-capacity and increasing competition.
Against this threatening backdrop, PCI Nylon, the market research and consultancy firm based inOberursel/Germany, will be hosting the 8th annual “European Nylon Symposium” in Frankfurt/Main on 26thand 27th February 2014. This event will consider all of the key questions: Will China really become self-sufficient? If so, when? What effect will this have on the European polyamide supply base?Is the current situation sustainable? If not, what happens next?
Although theactual market situation should be a benefit to polyamide buyers, in reality over-capacity at the steps further down the polyamide chain is causing this advantage to be bid away as players compete for market share. The net result is therefore that value is leaking out of the PA chain. For example, the price of PA6 polymer is now back to where it was in 2006/2007, but the build-up of the cost structure is entirely different (see illustration):Back in 2006 the crude oil price was USD61 per barrel and it represented around 18% of the total cost of PA6 polymer. Currently oil is at USD108 per barrel and it now represents 28% of the cost. While some stages in the chain have been able to pass these increased costs on, others have been less successful and have had to give up some of their margins. The worst affected have been the caprolactam producers who, after a record year in 2011, have now been pushed all the way back to breakeven. With profitability already destroyed, and the outlook for further contractions in their export business to Asia, the European caprolactam producers are now in a very precarious position indeed. And they are not alone. Over-capacity in PA6 polymer and many downstream markets is leading to increased price pressure in these areas, too.
The European Nylon Symposium 2014will cover all aspects of the polyamide chain, from raw materials through intermediates to all the main demand areas (engineering plastics, carpet, industrial filament and textile fibres) with the goal of providing attendees with the latest data and sharpest analysis about what is happening in the industry. The complete programme of this one and a half day event, held at the Hilton Frankfurt, can be downloaded from under the category “symposia”, where you will also find an online registration form. Presentation language is English.
The American Nylon Symposium, which is also hosted by PCI Nylon, will take place on 27th and 28th March 2014 in Atlanta, Georgia. In analogy to its European counterpart, this symposium will examine the global PA scenario with an American focus.
PCI Nylon is a specialty market research and consulting company focusing on all aspects of the polyamide process chain in the global marketplace, from petrochemical raw materials through intermediates to PA end-use products. To this end, the company regularly publishes commented market surveys such as the annual global PA6 and PA66 report (Yellowbook), which has evolved into a standard reference work, and the monthly "Nylon Intermediates & Fibres Report”. In addition, PCI Nylon produces expert's reports according to individual criteria on a contract basis, conducts cost benchmarking of PA production facilities, and organizes annual conferences in Europe and the U.S., bringing together international experts from the polyamide industry.
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Further information:
Baerbel MacDonald, PCI Nylon GmbH,
Holzweg 14, D-61440 Oberursel/Germany –
Phone: +49 6171 / 98909-0, Fax: -22, E-Mail:
Editorial contact and voucher copies:
Dr. Georg Krassowski, Konsens PR GmbH & Co. KG,
Hans-Kudlich-Straße 25, D-64823 Groß-Umstadt/Germany –
Phone: +49 (0) 60 78 / 93 63 - 0, Fax: - 20, E-mail:
Dear Colleagues,
Press releases by PCI Nylon, comprising text (in German and English) and
illustrations in print-quality resolution, are available for download at:
Prices for sequential products in the European PA6 chain: The price of PA6 polymer is now back to where it was in 2006/2007, but the build-up of the cost structure is entirely different – especially the caprolactam producers have had to give up some of their margins and are now in a very precarious position.
Illustration: PCI Nylon
PCI Nylon GmbH, Holzweg 14, D-61440 Oberursel / Germany, Phone: +49 6171 / 98909-0, Fax: -22,
E-mail: –