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Polyamide Prices Overview

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Market Overview

Quarterly Update on Global Polyamide Market

For the Quarter Ending September 2020

Asia

The Asian Polyamide market remained muted in the quarter ending September due to depressed demand for finished goods. Market players seemed divided over the regional outlook during the quarter. Producers maintained low operating rates as they saw almost no need to ramp up production considering the demand slowdown. Downstream manufacturing run rates were curtailed amid slow end-use consumption forcing Chinese factories to operate at an average of 65-75% to balance their inventory levels. Nylon chip imports in China slipped in Q3 as the summer months posed a typical lull period for the market while some market players stood hopeful that the market may see active restocking ahead of the long holiday in early October. With players offering hefty discounts, spot discussions for polyamide chips were heard trading around USD 1200-1300 per tonne CFR China in mid-September.

North America

Outages due to hurricane Laura were heard impending little to no effect on the supply of US nylon 6 and 6,6. US’ polymers and fibers giant INVISTA temporarily shut operations at its Texas facility ahead of Hurricane Laura but the turnaround had a limited effect on the regional supply. Nylon demand in the region maintained pace with the downstream construction and automotive sector which showed signs of revival in the third quarter after witnessing a major slump in Q2. Some producers preferred to operate at curtailed rates knowing that the sector would get back to normalcy only in 2021. Players report that the demand for construction applications has been on a rise backed by strong demand for Nylon films for food packaging. This remained indicative of the improved outlook for Q4 compared to the Q3 levels, which however remained still below the previous year’s levels.

Europe

Downstream buying which got affected due to lacklustre automotive demand showed gradual recovery in Q3, allowing some producers to ramp up their Nylon-6,6 production outputs. Players maintained a cautious stance amid looming market uncertainties as the number of cases resurge strongly in Europe, raising fears of the second coronavirus wave. Moving into September, buoyant demand for engineering plastics, helped in fetching high volume orders with sales figures outperforming September 2019 for some producers. Contract prices for industrial grade Nylon 6,6 oscillated between rollovers and decrease, settling around USD 4650-4670 per tonne NWE in September. However, market took off from the ground levels as Nylon consumption in textile applications gained strength for a number of household products backed by growing demand from the apparel sector for new seasonal collections ahead of Christmas and New Year.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polyamide is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polyamide market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyamide manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyamide market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyamide market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Polyamide are analyzed and region-wise demand pattern is tracked.

About

Polyamide (PA) is a class of polymers, which contain repeated amide groups (R—CO—NH—R’) as integral parts of the main polymer chain. Polyamide 6 and 66 (or Nylon 6 and 66) are the most common types of Polyamide holding commercial applications. PA 6 is based on Caprolactam (capro) while PA 6,6 is based on Adipic acid and Hexamethylene Diamine (HMDA). PA 6 and 66 are produced either in chips or resin form in uniform pellets which are further processed to serve two major applications: (1) fibers for textiles such as clothing and carpets or (2) engineering thermoplastics (ETP) used across electrical, electronics and automotive sectors. The fibers may also be directly produced from the molten polymer, instead of chip or resin production. Nylon 6,6 is a general-purpose extruded grade engineering resin, used in engineering plastics and industrial filament applications. Its key usage is in the car parts in the automotive sector. Nylon 6 is mainly used in fibre and engineering polymer applications. It is commonly used in apparel, carpets and home furnishings. PA 6 is manufactured by reacting capro with water in the presence of a molecular mass regulator, such as ethanoic acid followed by heating up to 500 Kelvin temperature. Nylon 6,6 is produced via polycondensation of HMDA (obtained from adiponitrile) and adipic acid (obtained from benzene) with water in a reactor to form a nylon salt.

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Polyamide Prices Overview