The supply side of Polyamide in the Chinese market was steady in the first week of January. Key players kept production at xxx, ensuring that the market supply was steady. However, prices of the feedstocks rose because of a xx rise in adipic acid prices, increasing production costs. The key players compensated the rise in production cost by increasing the prices of the products; hence, the rise in Polyamide prices.
With regard to the overall economic situation, manufacturing trended positively as latest available data from NBS confirmed a stable production platform for polyamide manufacturers. Furthermore, Logistics efficiency was also enhanced as capabilities of vendors for restocking were quickly maximized to enable unintermittent delivery of goods to inland terminals. Although supplies were adequate to cope with the required needs, a cumulative effect of rising costs triggered a scenario of a x.xx...
