BASF TO HIKE PRICES ON NYLON 6, CAPROLACTAM

NEW YORK--BASF Corp. said it is increasing prices 5 to 7 percent on caprolactam and nylon 6 polymers used in carpet and textile applications, effective July 1.
The announcement on the raw materials increase comes three weeks after BASF hiked prices 6 percent on nylon 6 polymer for extrusion grades and 8 percent for the polymer used in injection molding grades.
Andrew Mueller, vice president of BASF's fiber products division, said the supply of nylon 6 polymer intermediates is "extremely tight worldwide with strong demand for both the fiber and plastics market segments."
Mueller went on to comment that the increases are necessary for BASF to "sustain investments for current and future supply."

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