Domestic PA66 Market Likely to Remain Stagnant in Short Term

I. Focus Areas

1. [Longzhong] 4/20: The second round of talks between the US and Iran has not been formally scheduled yet, and the Strait of Hormuz remains blocked, increasing concerns about supply risks, pushing up international oil prices. NYMEX crude oil futures contract 05 settled at 89.61, up 5.76 dollars per barrel, a rise of 6.87% compared to the previous session; ICE Brent crude oil futures contract 06 settled at 95.48, up 5.10 dollars per barrel, a rise of 5.64% compared to the previous session. China's INE crude oil futures contract 2606 fell 31.2 to 605.7 yuan per barrel, and during the night session, it rose 10.8 to 616.5 yuan per barrel.

Core logic: Raw Materials Prices are weakening amid volatility, with cost-side support deteriorating. 。

II. Price Form

Unit: yuan/ton

Source: Longzhong Information

Three 、 Market Outlook

The raw material prices remain in a weak and volatile pattern, with insufficient follow-up demand from the downstream sector, leading to a lack of confidence among industry players in the future market. However, given the relatively limited supply of adiponitrile, the domestic PA66 market may continue to be in a stalemate in the short term. The May execution prices of adipic diamine and PA66 from Invista could be worth noting.

IV. Data Calendar