1. Market Focus Points This Month

1Invista (China) Investment Co., Ltd. announced that the spot transaction price of hexamethylenediamine will be implemented at 21,300 RMB/ton starting from 7:00 on March 1, 2025, an increase of 300 RMB/ton compared to the February price.

2In March, the average monthly price of PA66 was 17,174 yuan per ton, down 1.37% from the previous month.

2. Market Analysis of the Month

Monthly Price Fluctuation Table of Domestic Polyamide 66 Market

Unit: yuan/ton

3The domestic PA66 market experienced a narrow decline in the month, with the average monthly price in the East China market at 17,174 yuan/ton, down 1.37% month-on-month. Demand from end-users remained weak, with most purchasing on a need-to basis, leading to sluggish sales for polymerization companies and accumulating inventory pressure. Additionally, the price of raw material adipic acid fluctuated downward, lacking support on the cost side, resulting in insufficient industry confidence and a downward shift in the transaction focus.

3. Market Forecast for Next Month

From the cost perspective, the market for raw material adipic acid is at a low level with fluctuations, and the April execution price of Invista's hexamethylenediamine remains stable, with little fluctuation in raw material prices. Therefore, polymerization companies are under relatively high cost pressure. In terms of supply and demand, there is no significant recovery in terminal market demand, and downstream buyers mostly purchase according to their needs. As a result, polymerization companies face difficulties in selling at high prices, and the overall inventory pressure in the industry continues to increase. However, some companies plan to cut production at the beginning of April, leading to an expected decrease in the domestic PA66 spot supply for April. Under the expectations of cost pressure and reduced supply, the domestic PA66 market is expected to maintain a narrow range of fluctuations in the short term.