Due to rising raw material and transportation costs, Ascend Performance Materials announced that since July 1st all Ascend and Vydyne polymers sold in Asia, fiber and compound prices have been raised by US$0.2/kg, equivalent to RMB1,304/t.
Nylon 66 is one of the important engineering plastics. The market is highly oligopolistic and there are technical barriers to adiponitrile, which is a key raw material. Since the second half of last year, INVISTA USA, INVISTA-Solvi France adiponitrile, BASF hexamethylenediamine, Equipment such as Aoshengde appears to be affected by force majeure at different levels. Global supply continues to be tight, and the industry is expected to continue its high boom.