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Force majeure again, PA66 fell into "out of stock" + "price surge"

2018-02-28 17:03

Recently, a number of brand manufacturers have issued announcements announcing that they have encountered force majeure in the production of adiponitrile, and PA66 is deeply affected.
LANXESS
On February 26, 2018, LANXESS issued a warning on the supply of PA66:
Solvay and Invista (the only European producer) have announced force majeure on key PA66 precursor adiponitrile.
Although the above events come from the European market, and distribution is not yet available in the next few months, we cannot rule out the impact of China and India's Jehadia India plant on PA66 base resin supply.
2. INVISTA
On February 22, INVISTA announced the force majeure of adiponitrile and hexamethylenediamine in Europe, and its downstream manufacturers also issued announcements that they would reduce the supply of PA66.
3. Landic
On February 20, 2018, Landic announced:
We have learned from our adiponitrile ("ADN") supplier that it will not be able to fulfill our contractual obligations and we will contact you as soon as possible to discuss the expected impact and reduction of supply due to force majeure and distribution details .
4. Solvay
On February 16, 2018, Solvay announced that its adiponitrile unit at the Chalampé plant in France had encountered force majeure, and all downstream PA66 polymer units would be affected.
It is reported that Solvay's French Chalampé has an annual output of 520,000 tons of adiponitrile, which is the world's largest adiponitrile production unit and the only set of production units in Europe, accounting for one-third of the global total production capacity.
5. BASF
On January 24, BASF announced the force majeure of polyamide products. Since then, BASF, Ascend, Domo, Celanese and others have issued PA6 / PA66 price increase letters, and the increase is huge. As of February 14, BASF is still in force majeure.
6.DuPont
On February 8, DuPont issued the latest price increase letter, which will adjust the price of the following products (including PA):
DuPont ™ Zytel® and Zytel® HTN nylon PA products are raised by USD 380 / ton, equivalent to RMB 2395 / ton;
DuPont ™ Crastin® PBT products are raised by USD 200 / ton, equivalent to RMB 1261 / ton;
DuPont ™ Delrin® POM products are raised by USD 200 / ton, equivalent to RMB 1261 / ton;
DuPont ™ Vamac® AEM products are raised by $ 700 / ton, equivalent to RMB 4,412 / ton.
[Search point of view]
Adiponitrile is the most important raw material in the PA66 industry chain. From the “actions” of major manufacturers, the already tight global PA66 industry chain will further intensify, and PA66 will be caught in a “out of stock” and “price hike” "It is the general trend. Soulijun suggested that you contact the suppliers who have goods in your immediate vicinity, such as engineering plastics "pickup machine"-Souliu. Don't wait until you have money to buy the goods and regret it!
Next: PA66 continues to rise, DSM raised 1365 yuan / ton!

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