Footwear Industry Peak Season &Nbsp; &Nbsp; Shoe Material Prices Rose
October 26th hearing since October, adipic acid Prices continued to rise, rising from 17500 yuan / ton at the beginning of the month to the current 19200 yuan / ton, an increase of 9.7%; from 11 to 18 days, the growth rate reached 7.9%, breaking through the annual average price and temporarily holding the second high position in the whole year.
It is understood that this price increase is mainly due to two reasons: on the one hand, the price of benzene, the main raw material of adipic acid, has been increased by the impact of oil prices; on the other hand, it is coming in the second half of the year, such as shoemaking, for the PU slurry.
Sole fluid
And other related products demand pull.
From the point of view of price difference, the price difference between adipic acid and benzene is relatively high.
However, compared with historical prices, the current price is at a high level, and there is still a certain gap with the historical high.
Investigation shows that the downstream of adipic acid in China
market
The distribution of demand is quite different from that of the whole world, of which 56% is used for polyurethane (mainly used for sole fluid and PU slurry) elastomers, 28% for nylon 66, 16% for other products.
At present, the annual demand growth of polyurethane in China is about 15%.
Nylon 66 market demand is strongly driven by the demand for tire cord fabrics, and is expected to maintain a growth rate of 15%. This will form a support for the demand for adipic acid with polyurethane.
We believe that as China gradually enters the peak season of footwear industry, the demand for polyurethane soles and elastomers will gradually increase.
Supply is still tight under the condition that the main devices are fully loaded, and prices are rising rapidly.
In the polyurethane industry chain, most raw materials such as TDI, DMF and BDO have already had a large increase in advance. In contrast, adipic acid is likely to have room for further improvement.
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