2010-01-29 [Source: Pudaily]

PUdaily, Shanghai-Adipic acid (AA) marketing prices show uptrend this week. As to suppliers, Liaoyang Petrochemical and Xinjiang Tianli keep high operation rates but affected by poor transportation, stocks cannot be delivered to the markets in time. Shandong Bohui operates regularly, mainly serving for contracted clients; Shandong Hongye cannot meet all the contract clients due to facility issues.

Approaching to the Spring Festival, operation rates from PU resin are reducing while its raw materials are going up. Some clients feel concerned about price increase in the future and are active in enquiries. Downstream PU shoe soles producers combine to raise February prices from RMB 15500/ton to RMB 16500/ton, with an increase of RMB 1000/ton. The producers say that it is necessary to put forward prices enforced by escalated operating costs, particularly in raw materials of adipic acid and DEG.

In the eastern market, home-made materials are offered at RMB 17300-18000/ton but high-end imports soar up to RMB 18500-20000/ton. In the south, domestic stocks are negotiated at RMB 17500-18500/ton while imports are quoted at RMB 19000-20500/ton.