Four leading manufacturers collective promotion! PA6 PA66 goes up another thousand dollars

It's up again!

Basf, Ascend, Celanese, Daumer Chemical four leading manufacturers collective promotion!

PA6, PA66 another thousand yuan!

On March 13, 2024, due to the significant increase in logistics and raw material costs, BASF sent another letter of price increase for its PA6/PA66 products, effective from March 15, 2024! According to the price increase letter, BASF will raise its PA66 products by 200-300 US dollars/ton (about 1439-2159 yuan/ton), and PA6 products by 150-200 US dollars/ton (about 1079-1439 yuan/ton). The details are as follows:

Polyamide 66 non-reinforced grade increased by $300 per ton;

Polyamide 66 enhanced grade increased by $200 per ton;

PA6:

Polyamide 6 non-reinforced grade increased by $200 per ton;

Polyamide 6 enhanced grade increased by $150 per ton.

Celanese: Issued a price hike letter saying that on March 15, its PA6 and PA66 products will be raised by 0.2 US dollars/kg (about 1439 yuan/ton) in Asia and the Americas, and 0.2 euros/kg (about 783-1565 yuan/ton) in Europe. The price of its special nylon materials in Asia and the Americas is 1-2 US dollars/kg (about 7195-14390 yuan/ton), and the price of 1-2 euros/kg (about 7827-15653 yuan/ton) in Europe.

Ascend: On March 1, it will raise the price of its pure PA66 polymer, PA6 and PA66 compounds, hexanediamine and other products by $0.3 / kg (about 2159 yuan/ton).

Daumer Chemical: Recently issued a price hike letter saying that the company's engineering material PA6 and PA66 based product lines will increase prices, of which PA6 products will increase by 0.4 euros/kg (about RMB 3131 yuan/ton), PA66 products will increase by 0.3 euros/kg (about RMB 2348 yuan/ton).

More price adjustment information:

A 26% jump, a full recovery in domestic and external demand! The city of super good!

Up more than 1000 yuan/ton, many raw materials set off a rising tide!

Skyrocketing 1,700 yuan/ton! The market has been rising for 7 days in a row!

Strong crude oil! PP, PE and other raw materials are all red!

Geopolitical risks are also expanding the supply crisis of fuel, last week, after the Russian refinery was bombed, the crude oil market reflected fierce, rising nearly 5%, March 14 crude oil futures closed :WTI April crude oil futures closed up $1.54, an increase of 1.93%, to $81.26 / barrel. Brent May crude settled up $1.39, or 1.65 percent, at $85.42 a barrel.

As of press time, WTI crude oil futures for April delivery were up 0.71 percent at $81.16 per barrel. Brent crude for May delivery settled up 0.59 percent at $85.84 a barrel.

Crude oil analysts believe that crude oil is still in a volatile range, and the macro side has the impact of the depreciation of the US dollar to reshape oil price valuation expectations. On the supply side, there are geopolitical tensions and the impact of U.S. oil production. On the demand side, the impact of recovering demand in China and tight supply of refined products due to refinery maintenance in North America. Overall consideration, in the short term, crude oil is still in the supply and demand game to maintain the adjustment range, but more market news will make the oil market shock stronger, do not rule out the possibility of continuing to break upward.

Upstream stimulation, led to the collective surge of plastic products, polypropylene main rose 1.74%, plastic main rose 1.65%, PVC main rose more than 1%, other chemical raw materials such as PTA, ethylene glycol, styrene, etc., have also risen!

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