The high-level Sino-US economic and trade negotiations held in Geneva from May 10th to 11th have culminated in significant tariff adjustments. The United States has removed 91% of the additional tariffs imposed on Chinese goods, to which China has reciprocated in kind. Additionally, both parties have agreed to suspend the implementation of 24% "reciprocal tariffs" for an initial 90-day period. These policy changes have exerted a notable impact on Tai Hing's key raw material markets.​

Raw Materials Market Responses​

PA66

Currently, the PA66 market is characterized by a wait-and-see approach. Quotations from our partnered suppliers remain stable. Industry experts anticipate that short-term prices will maintain a bearish trend; however, the price floor has been firmly established. A substantial upswing in end-user demand could potentially precipitate a market rebound.​

PA6

In contrast, the PA6 market is experiencing robust growth. Our suppliers have responded promptly with significant price adjustments. PA6 prices have witnessed an increase of 300 - 600 yuan per metric ton, representing a growth rate of 3% - 5%. This upward trend has fostered a strong bullish sentiment across the market.​

Other Raw Materials​

The prices of PBT, PET, and PP have also registered upward movements. Compared to the beginning of May, PBT and PET prices have risen by 200 - 300 yuan per metric ton, equivalent to an approximate 3% increase. Meanwhile, PP prices have climbed by 100 - 200 yuan per metric ton, reflecting a 2% growth.

In the face of volatile raw material prices, Tai Hing swiftly responds. Our long - established supply chain advantages and deep - seated market expertise underpin our immediate action: maintaining close, strategic communication with suppliers to ensure uninterrupted raw material procurement.

We recognize that a stable raw material supply is the bedrock of product quality and production efficiency. Committed to navigating market challenges, we deploy all available resources to safeguard operational integrity and meet market demands.

Tai Hing's Strategic Initiatives​

Leveraging our robust supply chain and market expertise, Daxing has taken decisive actions. We've enhanced communication with suppliers to secure a seamless raw material supply, crucial for maintaining product quality and production efficiency. Amid market volatility, our commitment to stability remains unwavering.​

Quality is at the core of our operations. With advanced facilities and a seasoned team, we implement strict quality control across all production phases. This meticulous approach ensures our filament products meet the highest industry standards. Recognized for superior performance and reliability, our products have earned trust in diverse sectors. Moving forward, we'll boost R&D investment and collaborate with customers to elevate our quality management systems.​

Collaborative Outlook​

We closely track policy and market changes to keep customers informed. We believe that through open communication and collaboration, we can overcome challenges and achieve mutual success. For any questions or needs, feel free to reach out. Let's seize opportunities and build a prosperous future together.