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Engineering plastics – Combining Strengths: LATI’s Innovation + Loxim’s Reach The partnership is built on a strong foundation of shared values — innovation, sustainability, work ethic, and a people-first approach 16-06-2025

Engineering plastics

Engineering plastics

Polyestertime
ITEM 09/06/2025 16/06/2025 +/-
Bottle grade PET chips domestic market 5,900 yuan/ton 6,100 yuan/ton +200
Bottle grade PET chips export market    780 $/ton 780 $/ton
LDPE CFR Est China 1,025 $/ton 1,030 $/ton +5
PET Semidull Fiber chips

PET Bright

5,850 yuan/ton

5,860 yuan/ton

5,990 yuan/ton

6,000 yuan/ton

+140

+140

Pure Terephthalic Acid PTA domestic market

Engineering plastics
4,875 yuan/ton 5,010 yuan/ton
+135
Pure Terephthalic Acid PTA FOB China 608 $/ton 630 $/ton +22
Monoethyleneglycol MEG South China 4,414 yuan/ton 4,487 yuan/ton
+73
Monoethyleneglycol MEG CFR China 515 $/ton 518 $/to +3
Paraxylene PX FOB  Taiwan market 807 $/ton 840 $/ton
+35
Paraxylene PX FOB  South-Korea market 797 $/ton 832 $/ton +35
Paraxylene PX FOB EU market 814 $/ton 852 $/ton +38
Polyester filament POY 150D/48F domestic market 6,825  yuan/ton 7,050 yuan/ton
+225
Recycled Polyester filament POY  domestic market 6,425 yuan/ton 6,400 yuan/ton -25
Polyester filament DTY 150D/48 F domestic market 8,200 yuan/ton 8,200 yuan/ton
Polyester filament FDY 68D24F 7,900 yuan/ton 8,050 yuan +150
Polyester filament FDY 150D/96F domestic market

Engineering plastics
7,150 yuan/ton 7,250 yuan/ton +100
Polyester staple fiber 1.4D 38mm domestic market 6,590 yuan/ton 6,640 yuan/ton +50-
Caprolactam CPL domestic market 8,850 yuan/ton 9,500 yuan/ton
+650
Caprolactam CPL  CFR China 1,100 $/ton 1,100 $/ton
Nylon 6 chips overseas  market North America$2.90/kg

Europe$2.47/kg

Northeast Asia$1.59/kg

Southeast Asia$1.81/kg

Middle East$1.80/kg

 

North America$2.76/kg

Europe$2.26/kg

Northeast Asia$1.49/kg

Southeast Asia$1.65/kg

Middle East$1.63/kg

 

 
Nylon 6 chips conventional spinning domestic  market 9,550 yuan/ton 10,000 yuan/ton +450
Nylon 6 chips  high speed spinning domestic  market 10,050 yuan/ton 10,400 yuan/ton +350
Nylon 6.6 chips domestic  market 15,700 yuan/ton 15,600 yuan/ton -100
Nylon6 Filament POY 86D/24F domestic  market 12,100 yuan/ton 12,100 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market 14,650 yuan/ton 14,650 yuan/ton
Nylon6 Filament FDY  70D/24F  13,100 yuan/ton 13,100 yuan/ton
-Spandex 20D  domestic  marke 27,200 yuan/ton 27,200 yuan/ton
Spandex 30D  domestic  market 26,700 yuan/ton 26,700 yuan/ton
Spandex 40D  domestic  market  23,500 yuan/ton 23,500 yuan/ton
Adipic Acid China domestic market 7,250 yuan/ton 7,050 yuan/ton -200
Benzene domestic market East China 5,850 yuan/ton 6,350 yuan/ton +500
Benzene CFR  China 720 $/ton 750 $/ton +30
Ethylene South East market 850 $/ton 850 $/ton
Ethylene NWE market CIF 736 $/ton 746 $/ton +10
Acrylonitrile ACN  domestic market 8,200 yuan/ton 8,200 yuan/ton
Acrylonitrile ACN Acrylonitrile Southeast Asia 1,170 $/ton

1,165 $/ton

-5
Acrylic staple fiber ASF CFR China 14,700 yuan/ton 14,700 yuan/ton
VSF viscose staple fiber 13,000 yuan/ton 12,800 yuan/ton -200
PP Powder domestic market 6,950 yuan/ton 7,000 yuan/ton +50
Naphtha overseas market  538 $/ton 571 $/ton +33
Phenol domestic market

Jinan Dezheng Chemical Co., LtdYanshan Petrochemical

Shandong Province

6,656 yuan/ton 6,750 yuan/ton -94-

recycled PET  =                    4,350 yuan/ton  —         4,300  yuan/ton         -50

Engineering plastics

?BASF Commissions World-Scale Hexamethylenediamine Plant in Chalampé, Boosting Europe’s Polyamide 6.6 Capabilities

BASF Increases Global HMD Capacity to 260,000 Metric Tons

German chemical giant BASF has officially commenced operations at its new world-scale hexamethylenediamine (HMD) plant located in Chalampé, France. With construction beginning in 2022, this project marks a pivotal milestone in BASF’s European production strategy. The new plant raises the company’s total global HMD production capacity to 260,000 metric tons per year, reinforcing BASF’s leadership in the high-performance polyamide segment.

The decision to invest in HMD production capacity aligns with the growing demand for polyamide 6.6 (PA 6.6) in key sectors such as automotive, electronics, and industrial manufacturing. This strategic expansion ensures a consistent and competitive supply of high-purity HMD—an essential precursor for PA 6.6 production—amid increasing global competition and supply chain volatility. Engineering plastics

“This investment underlines BASF’s strong commitment to chemical production in Europe and our determination to support regional growth,” said Dr. Stephan Kothrade, member of the Board of Executive Directors of BASF. “It is yet another example of how we put our ‘Winning Ways’ strategy into action to create long-term value for our company and secure our future competitiveness in a volatile economic environment.”

?️ Freiburg Expansion: Reinforcing the European Polyamide Ecosystem

In parallel with the launch of the Chalampé facility, BASF is nearing completion of a major expansion at its polyamide 6.6 polymerization site in Freiburg, Germany. This dual-investment approach reflects the company’s ambition to become the most reliable and innovative PA 6.6 supplier in Europe, where demand for lightweight and heat-resistant materials continues to rise. Engineering plastics

According to Dr. Ramkumar Dhruva, President of BASF’s Monomers division: “The successful completion of this investment project is a significant step toward our goal of being the leading supplier for HMD and the preferred partner for PA 6.6 in Europe. Through the new HMD production plant in Chalampé and the expanded PA 6.6 polymerization in Freiburg, we are ideally positioned to supply our customers reliably with high-quality products.”

This integrated approach strengthens BASF’s ability to deliver end-to-end solutions, from monomer synthesis to polymerization and product formulation, enabling greater value creation for its downstream clients in performance materials and engineering plastics.

? What Is HMD and Why Is It Critical?

Hexamethylenediamine (HMD) is a colorless, crystalline compound that plays a crucial role in the production of polyamide 6.6, a high-performance thermoplastic used in demanding applications. It is synthesized through hydrogenation of adiponitrile (ADN), a process that requires advanced technologies and stringent quality control.

PA 6.6 produced using HMD boasts outstanding mechanical strength, thermal resistance, chemical durability, and dimensional stability. These properties make it ideal for producing high-precision components in the automotive industry, such as engine covers, radiator end tanks, and air intake manifolds. Additionally, PA 6.6 is widely used in textile manufacturing for industrial fibers, as well as in consumer electronics, sports equipment, and other high-durability goods. Engineering plastics

? Strategic Location: Chalampé and the Alsace Advantage

The choice of Chalampé as the site for the new HMD plant is a strategic one. Located in the Alsace region of northeastern France, the plant benefits from direct access to essential raw materials—especially adiponitrile (ADN)—via BASF’s integrated value chain. This enhances supply chain reliability and minimizes logistics-related carbon emissions, aligning with BASF’s broader sustainability goals.

Moreover, the Chalampé site is home to a state-of-the-art research and development facility dedicated to innovation in PA 6.6 chemistry and application development. This combination of production and R&D in a single location fosters synergy between process engineering, product development, and customer service. Engineering plastics

? Innovation and Value Chain Integration

BASF’s new investment not only adds capacity but also integrates seamlessly into its vertically aligned value chain for polyamides. From adiponitrile and HMD to the final polyamide polymers, BASF controls the entire production process. This integration is vital for maintaining consistent quality standards, optimizing costs, and enhancing product performance across various grades.

With in-house R&D capabilities, BASF can tailor its materials to customer-specific requirements. For example, by modifying the polymer matrix or integrating performance-enhancing additives, BASF provides customized solutions for automotive OEMs, electronics manufacturers, and industrial fabricators. Engineering plastics

? Commitment to Sustainability and European Competitiveness

This latest move further demonstrates BASF’s commitment to building sustainable production infrastructure within Europe. By focusing on localized production, the company not only ensures a secure supply for its customers but also contributes to reducing the environmental footprint associated with long-distance transportation of chemical feedstocks.

The Chalampé investment is aligned with European Union industrial policies that encourage resilience in critical raw material supply chains and promote the development of advanced materials with lower life-cycle emissions. BASF’s initiative positions it as a frontrunner in both industrial performance and environmental stewardship within the specialty chemicals market. Engineering plastics

? Conclusion: A Forward-Looking Investment in Europe’s Chemical Backbone

BASF’s startup of the world-scale HMD plant in Chalampé and the expansion of PA 6.6 production in Freiburg are more than just capacity increases—they represent a forward-looking investment in Europe’s industrial capabilities. These projects ensure that BASF and its customers are well-positioned to navigate the challenges of global competition, supply chain dynamics, and the increasing demand for high-performance, sustainable materials.

By securing control over key intermediates like HMD and coupling it with polymer innovation and customer-oriented development, BASF is paving the way for a stronger, more resilient polyamide value chain in Europe.

? Stay informed with the latest in polymer innovation and industrial chemistry. Visit www.basf.com for more updates and press releases. Engineering plasticsEngineering plastics

LATI Expands to India Through Joint Venture with Loxim

Engineering plastics leader LATI has officially entered the Indian market by establishing a strategic joint venture with Indian conglomerate Loxim. The newly formed entity, Lati-Loxim Thermoplastics Private Limited, is set to become a major player in India’s growing demand for advanced thermoplastic compounds, particularly for the automotive and electrical/electronics (E/E) industries.

A New Manufacturing Hub in India

With this partnership, LATI — headquartered in Varese, Italy — will begin producing engineering plastics directly in India, achieving an initial annual capacity of 20,000 tons. Engineering plastics

This marks a significant step for the company as it scales its production capabilities beyond Europe and enters one of the world’s fastest-growing industrial markets.

The joint venture comes as part of a broader strategy to localize production and meet rising demand in Asia. By leveraging Loxim’s established market footprint in India, LATI aims to provide high-performance, custom-engineered thermoplastic compounds while ensuring quicker lead times and stronger customer support.

Combining Strengths: LATI’s Innovation + Loxim’s Reach

The partnership is built on a strong foundation of shared values — innovation, sustainability, work ethic, and a people-first approach. LATI brings to the table decades of technical know-how as one of Europe’s premier independent compounders. Meanwhile, Loxim contributes deep market knowledge, a vast distribution network, and access to India’s flourishing automotive and E/E sectors. Engineering plastics

According to Michela Conterno, CEO of LATI, “We are proud to embark on this journey together with Loxim. This joint venture is born from a deep sharing of values: attention to people, work ethic, spirit of innovation and sustainability. By combining our technical expertise with a solid local production presence, we will be able to offer advanced solutions, maintaining the level of quality and service that has always distinguished us.”

LATI: A Legacy of Excellence

LATI currently operates with 40,000 tons/year production capacity from its plants in Varese, Italy. With nearly 300 employees and a turnover of approximately €153 million, LATI has established itself as a benchmark in the thermoplastics compounding industry. The move to India represents not just geographical expansion, but also a step toward greater global competitiveness and sustainability. Engineering plastics

Driving Growth in Key Sectors

India’s automotive and electronics industries are evolving rapidly, fueled by domestic growth, increased EV adoption, and global outsourcing trends. Through Lati-Loxim Thermoplastics, customers in India can now access LATI’s advanced material solutions for a wide range of applications including engine parts, connectors, sensors, and insulation components.

This joint venture strengthens LATI’s ability to serve multinational clients locally and positions the company as a reliable supplier for future-forward industries.

Looking Ahead

The LATI-Loxim partnership highlights a broader trend in the global manufacturing sector: co-creation and localization. As companies look to reduce carbon footprints, optimize supply chains, and respond swiftly to market demands, such joint ventures are becoming essential to sustained growth and innovation. Engineering plastics

With shared values and complementary strengths, LATI and Loxim are poised to become a driving force in India’s engineering plastics landscape.

LATI Expands to India Through Joint Venture with Loxim

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