Recently, all the production of BASF's hexamethylene diamine plant was stopped due to electrical accidents. The restoration of force majeure takes several weeks, which may exacerbate the supply shortage of hexamethylene diamine. The data show that BASF has a capacity of 125,000 tons of hexamethylene diamine, which accounts for about 70% of the market. %. The industry expects that BASF will become irresistible or cause hexamethylene diamine and PA66 will raise its price in a new round.
Since this year, Oxide, INVISTA, and BASF's hexamethylenediamine units have experienced force majeure, resulting in extremely tight supply of hexamethylene diamine in the market. Since the beginning of 2018, PA66 has risen from 26,000 yuan/ton to 32,350 yuan/ton, and hexamethylene diamine prices from 27,000 yuan. Yuan/ton rose to 68,000 yuan/ton, of which hexamethylenediamine has risen more than 23% since May. At present, the production capacity of hexamethylenediamine presents an oligopolistic pattern. North America and Western Europe have a strong willingness to raise prices as net exporters.
As the upstream raw material of PA66, hexamethylenediamine, the upstream supply shortage is expected to promote the price increase of PA66 chips. With the increase of raw materials and the improvement of industry supply and demand, the prosperity of nylon 66 industry continues to improve. In the company, Shenma is the leader of nylon 66 chips. , Has the advantage of raw material of hexamethylene diamine.