PA66 Polyamide 66 Invista DSM Celanese - Arhive
Is the reason behind PA66’s recent rise just because it is out of stock? PA66 Polyamide 66 Invista DSM Celanese
Let’s take a look at the various price increases of major suppliers around the world from January to August this year!
From February 1st, 2018, Aoshengde PA66 was raised by USD 0.2/kg, equivalent to RMB 1400/ton; BASF raised the price of PA66 by USD 400/ton, equivalent to RMB 2,560/ton; Domo PA66 The increase of materials is 150-175 euros/ton per ton (equivalent to RMB 1180-1377 yuan/ton); the Senais PA66 is raised by 1573 yuan/ton.
From March 1st, 2018, the price of all PA66 in Toray is raised by RMB 3,500/ton;
Since April 1, 2018, all DSM prices of DSM have been raised by RMB 1,400/ton.
From April 16th, 2018, Celanese PA66 material price increased by 300 US dollars / ton, about 1920 yuan / ton.
On June 1, 2018, the Celanese PA66-LFT price was raised by US$0.1/kg (about RMB 637/ton).
On June 5, 2018, the US DuPont PA66 rose another 800 yuan / ton
On June 11, 2018, LANXESS has announced an increase in the price of Durethan A (polyamide 6.6) compounds in Europe, the Middle East and Africa by 0.60 Euro/kg (equivalent to approximately RMB 4,550/tonne). A (DurethanA) products are raised by 5.00 yuan (including tax) per kilogram, which is equivalent to an increase of 5,000 yuan / ton.
On July 1, 2018, DuPont announced a price increase of $600/ton for DuPont Zytel (nylon resin), ZytelHTN (high performance polyamide) and Minlon (reinforced nylon). Aoshengde announced that all Ascend and vydyne polymers sold in Asia, fiber and compound prices increased by 0.2 US dollars / kg, equivalent to about 1304 yuan / ton.
On July 3, 2018, DuPont 101L market price rose by 1000-2000 yuan / ton, breaking through 40,000 yuan / ton,
From July 15, 2018, DS66 Asia’s PA66 price per ton increased by 690 US dollars (equivalent to about 4521 yuan / ton); Celanese PA66 composite products in Asia increased by 0.3 US dollars / kg, equivalent to 1988 yuan / Ton. PA66-LFT Asian region raised by 0.22 US dollars / kg, equivalent to RMB 1458 yuan / kg
On August 1, 2018, Domo announced that the price of DOMAMD66 products rose by 6,000 yuan / ton, and the price of ECONAMID66 products rose by 6,000 yuan / ton. Asahi Kasei announced that due to the rising raw material prices and the extremely tight supply of raw materials in the middle reaches, the following adjustments were made to PA66:
+4.5RMB/kg (4,500 yuan / ton, excluding VAT)
+5.3RMB/kg (5300 yuan / ton, including VAT)
On August 24, 2018, Asahi Kasei’s PA66 broke through 42,000 yuan / ton.
Since the beginning of this year, the cumulative increase of PA66 has exceeded 35 times, and the increase is also staggering. What is the reason for the PA66’s soaring? Continue to look down….
Upstream raw material oligopoly
▲PA66产业链 ▲PA66 industry chain
It can be seen from the industrial chain diagram that hexamethylene diamine is the core raw material of synthetic nylon 66, which is produced by hydrogenation of adiponitrile. The global production capacity of hexamethylene diamine is about 2.13 million tons. About one ton of hexamethylenediamine is required to produce about 0.95 tons of adiponitrile. At present, the production of hexamethylenediamine in the world is mainly concentrated in companies such as INVISTA, BASF, Aoshengde and Shenma.
The top three companies account for 76.9% of the world’s total production capacity and are highly monopolized. Once force majeure occurs, it has a greater impact on the industry. This year, force majeure events began frequently.As a result, the production capacity of adiponitrile is insufficient and the price rises, which in turn leads to the price increase effect of PA66.
2018.1.11 2018.1.11
Ao Shengde announced the force majeure of the hexamethylene diamine unit, mainly because the cold weather in the United States affected the operation of Ao Shengde at the Alabama plant, and the hydrogen supply was also affected.
2018.1.24 2018.1.24
BASF informed its customers that its hexamethylene diamine plant in Hill Sanders was shut down due to unexpected equipment failures. BASF said that its European side has suffered force majeure for global supply of HMD, AH salt and all PA66 polymers. Time is hard to predict.
2018.2.15 2018.2.15
The strike of the adiponitrile plant in Solampé, Solvay, France, led to the world’s largest production of adiponitrile. The plant has a capacity of 520,000 tons per year, accounting for about one-third of the world’s total capacity.
2018.6.5 2018.6.5
BASF once again announced that its HMD (hexane diamine) raw material supplier INEOS’s electrical installation at the SealSands plant in the UK had an electrical failure, which caused the plant to shut down and the critical components of the production plant to be damaged. It may take several weeks to resume normal production. The supply of acrylonitrile suffered force majeure.
贸易战打响PA66位列其中 The trade war started in the PA66
In 2017, China’s PA66 importing country, the United States is the largest exporter, with an import volume of 48,200 tons, accounting for 17.43% of the total import ratio, followed by Singapore, South Korea, Japan and Germany, respectively 40,700 tons, 3.99. Ten thousand tons, 22,500 tons and 19,900 tons.
Affected by the Sino-US trade war, China imposed a 25% tariff on 106 items of soybeans, automobiles, and chemicals in the United States. The chemical products include nylon 66. The increase in tariffs also directly led to the increase in domestic PA66 prices.
In short, the continuous rise of PA66 is entirely caused by the lack of goods. When to break the foreign technical blockade and realize the localization of adiponitrile, it is the first step that domestic nylon 66 manufacturers need to take. As far as the value of nylon 66 is concerned, the replacement process in some key downstream applications may not be that simple.