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[PA66 Morning Alert] Under the pressure of cost and demand, the domestic PA66 market will be consolidated in the short term.
Longzhong 2025-04-01 08:31:46

1. Focus points

1. 3/31: The U.S. indicated that military action against Iran is not off the table, raising market concerns over potential supply risks and driving up international oil prices. NYMEXCrude oil futuresThe May contract for WTI crude oil rose by $2.12 to $71.48 per barrel, an increase of 3.06%; the May contract for ICE Brent crude oil increased by $1.11 to $74.74 per barrel, up by 1.51%. The main contract for INE crude oil in China for May fell by 4.3 to 537.4 yuan per barrel, but rose by 16.5 to 553.9 yuan per barrel in the night session.

2. Invista (China) Investment Co., Ltd. announced that the spot transaction price for hexamethylenediamine will be set at 21,300 RMB/ton starting from 7:00 AM on April 1, 2025, remaining stable compared to the March price.

Core logic: Cost pressure is relatively high, downstream demand is average, and market supply of goods is stable.

II. Price List

 

Unit: yuan/ton

Product

Quotation Item

3 28th of the month

3 May 31st

Rise and fall

Remarks

NYMEX Crude oil

USD/barrel

69.36 71.48 +2.12

05 Contract

ICE Brent crude

USD/barrel

73.63 74.74 +1.11

05 Contract

Butadiene

Central Shandong Region

11225

11275

+50

Cash on delivery

Benzene

East China Market

6770-6830

6720-6800

-50/-30

Spot exchange self-withdrawal

Adipic acid

East China Market

7400-7600

7400-7600

0/0

Pick-up after acceptance

PA66

Enterprise Price

16500-17000

16500-17000

0/0

Deliver to for acceptance

EPR27 Yuyao

16800-17000

16700-16900

-100/-100

Spot exchange self-pickup

Hexamethylenediamine

April guidance prices of Invista

21300 Yuan/ton, the price was stable in March compared to the previous month.

Source: Longzhong Information

Three, (Note: The original content provided was just the instruction for translation and not an actual Chinese text to translate. Therefore, only the instruction is translated here.) Market Outlook

Downstream demand is generally weak, with ample supply in the market. Under cost and demand pressures, there is an expectation of concentrated production cuts among polymerization enterprises. It is expected that the domestic PA66 market will consolidate in the short term.

IV. Data Calendar

data

Release Date

Last period data

This period's trend is expected

PA66 Start of work week

Thursday 17:00

58%

PA66 Weekly output

Thursday 17:00

1.56

PA66 Weekly average profit

Thursday at 17:00

-1551

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