Tai Hing Nylon is reporting PA66 and PBT raw materials, which are already at record highs, continue to see prices on the rise. Suppliers have limited supply and that scenario is expected to continue for the next three months.
Tai Hing previously reported that PA66 raw materials had increased by more than 30% at the end of November 2020. Due to the lack of upstream raw materials and price increases, most manufacturers with the limited PA66 have suspended new orders. Price increases are expected to last until May 2021. The notice of force majeure around the Chinese Spring Festival for the upstream manufacturers led to the continued lack of supply and increase in cost.
The ABMA Foundation awarded the 2021 Kathy K. Parr Scholarship for $2,500 to Miami (Ohio) University student Jack Bernacki who plans to use the money to defray tuition expenses. The foundation made the scholarship decision at their board meeting held on March 11, 2021.
