1. raw material hexamethylenediamine skyrockets
as the core raw material of hdi series products, hexamethylenediamine has a high degree of market concentration and is monopolized by several international giants. recently, mainstream suppliers such as and ascend have successively issued price increase announcements, and invista has also adjusted the price of new orders every month. among them, ascend announced in october and november that hexamethylenediamine was raised by us$350/ton (about 2,400 yuan/ton) and us$600/ton (about 4,000 yuan/ton).
second, the nstream nylon 66, the main force of hexamethylenediamine, continues to improve
the direct reason for the price increase and shortage of hexamethylenediamine suppliers is that its main nstream nylon 66 industry has continued to improve in recent months. about 90% of the world’s annual production of hexamethylenediamine is used for the production of nylon 66 therefore, the overall industry trend of nylon 66 plays a vital role in the supply of hexamethylenediamine. in recent months, the automobile industry in the nstream application field has picked up, the machinery and electronics industries have continued to be strong, the prosperity of the nylon 66 industry has continued to rebound, and the price has continued to rise sharply. 18,000 yuan/ton, an increase of more than 40% in less than half a year.
third, hdi series under pressure
hdi is the most important application field in the remaining 10% of the consumption of hexamethylenediamine. in the short term, hdi series products are affected by the dual factors of rising raw material prices and supply squeezed by the nylon industry. manufacturers will bear the burden both in terms of cost and supply. greater pressure. domestic mainstream suppliers , asahi kasei, etc. have successively issued price increase letters, and other suppliers have also raised prices, and each of them has a large area of delayed delivery.
fourth, the nstream of hdi continues to pick up
domestic hdi is widely used in automobiles, wood, industrial coatings and other fields. among them, as of september, the recovery situation in the automotive field continued to improve, and the production and sales of automobiles showed double-digit growth in that month; in the field of construction machinery, the 25 excavator manufacturers included in the statistics in september 2020 sold a total of 26,034 excavators of various types, a year-on-year increase of 26,034. an increase of 64.8%, it is estimated that the annual sales volume of excavators is expected to reach more than 300,000 units, a year-on-year increase of more than 30%.
to sum up, combined with the current supply and demand of the raw material hexamethylenediamine in the hdi industry and the improvement in demand in the nstream coatings industry, analysts at tiantian chemical network believe that hdi series products will continue to be bullish for at least half a year in the future, and the tight supply situation will last for a short time guilt will not ease.
