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PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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Ascend expects nylon 66 feedstock shortage to end by 2Q 2019

HOUSTON, January 9, 2019 (PCW) -- Chemical giant Ascend Performance Materials expects its global shortage of nylon 66 intermediate feedstock hexamethylene diamine (HMD) to end by or before the start of 2Q 2019, company vice-president Alison Jahn told PCW on Wednesday.

Ascend declared force majeure on HMD on Monday due to "manufacturing delays" at plant expansion/upgrade projects.

When the HMD issue is resolved, the force majeure would likely be lifted on polymers, fibers and compounds, Jahn said

A force majeure had been in place for nylon 66 polymers, compounds and fibers since last Jul due to a fire at the time at the company's plant in Pensacola, FL. Repairs to the plant went according to plan, she said.

Ascend operates five manufacturing facilities in the southeastern US and an engineering plastics compounding facility in Europe. -- Xavier A Cronin

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