Except that adiponitrile is controlled by others, the nylon 66 industry chain is basically complete. The company and its controlling shareholder, China Pingmei Shenma Group, as well as its subsidiaries and associated companies already have raw benzene, adipic acid, hexamethylene diamine and nylon 66 salt. Downstream nylon 66 section, cord fabric, industrial yarn series, through the parent company and signed a long-term contract with INVISTA to protect adiponitrile raw material supply.
Company and joint stock company's production capacity: The company has a nylon 66 chip production capacity of 150,000 tons / year, industrial yarn production capacity of about 110,000 tons / year, the production capacity of the cord fabric is about 50,000 tons / year; shareholding company nylon chemical industry (49% stake) owns Diamine 140,000 tons/year, adipic acid 250,000 tons/year, nylon 66 salt 300,000 tons/year. In the nylon 66 market, the global nylon 66 production capacity reached 2.7 million tons/year, domestic 2017 nylon 66 imports The amount exceeds 270,000 tons. The nylon 66 chips of the company are mainly based on the domestic market and have a certain ability of price transfer. Industrial yarn and cord fabrics are mainly based on domestic and foreign large-sized tire companies, and the price transfer ability is relatively weak.
Adiponitrile force majeure on production capacity, tight supply and demand, to varying degrees the industry chain related products adiponitrile, hexamethylene diamine, nylon 66 and other price increases. February 15, Solvay France Chalampé ADN strike at the plant, resulting in the The world’s largest adiponitrile production is limited. The plant’s capacity is 520,000 tons/year, which accounts for about one-third of the total global production capacity. In January 2018, BASF also announced that its hexamethylenediamine has encountered force majeure. By the end of August 2017, after INVISTA Victoria Island plant in the United States (including adiponitrile, adipic acid, KA oil and hexamethylene diamine) declared force majeure, already tight supply diamine phenomenon continues. according to chemical-line data, January 2, 2018 has been diamine price of 27,700 yuan / ton, the latest price of 46,000 yuan / ton, or 66.06 percent; nylon 66 (filament grade) January 2, 2018 the price of 26,000 yuan / ton, the latest price of 32,500 yuan / ton, or 25.00%. global supply adiponitrile focused on INVISTA and Solvay, INVISTA for major strategic customers using supply agreement, the price is confidential, the company is INVISTA's large customers, adiponitrile supply is also used to determine the protocol Supply, but prices need to be regular Sentenced OK.
Adipic acid, hexamethylene diamine and 66 nylon chip prices up, spreads widen, nylon chemical company expects equity earnings growth. Since June 2017, nylon 66 (filament grade) prices are rising, and the lowest price for nearly a year has risen 67.53 percent compared to the same time, the spread between raw material of nylon 66 and adipic acid, hexamethylene diamine is increasing, and by 2017 the annual average spread is 6675 yuan / ton, while the average spread since 2018 was 7137 yuan / Ton.