Major events have occurred frequently in the upstream industry recently, with PA66 and PBT upstream raw material prices continuing to rise and with subsequent prices set at record highs.  PA66 and PBT suppliers are still on a tight supply and expect more tight supply in the next three months.

PA66 raw materials, as previously reported, continued to rise by more than 30% at the end of November 2020. Due to the lack of upstream raw materials and price increases, most manufacturers with limited PA66 even suspended placing orders. The price rise is expected to last until May 2021 and could repeat 2018 price gains or more.

The release of the PA66 continues to limit supplies at the end of December and PA66 prices are expected to rise. The notice of force majeure around the Spring Festival from the upstream manufacturers continues the increase. Compared with early February, the current increase of 20% in March, the price of PA66 exceeded the highest price in 2018. According to the current trend of development, the subsequent cost of PA66 will continue to rise.

PBT suffers from persistent shortages of upstream raw material BDO and rising prices, which rose nearly 30% in February compared with January. PBT price in March are 137% increase compares with February, prices are at record highs, most of the PBT factories in the domestic market are closed and stopped taking orders, with the PBT supplies expected to be postponed until April.

PA66 and PBT vendors are currently on a tight schedule and expect to remain on a tight schedule over the next three months. Limited purchasing will be implemented to ensure not to affect customer's production plan. Tai Hing sincerely recommends all clients to place and arrange the order of PA66 and PBT in advance. Please kindly contact our Sales Team at the earliest convenience.

Tai Hing will keep customers posted on market trading and movement to pursue close collaboration and achieve benefit. Please click the company name below for contact details and web link.