【PA66 Morning Brief】Domestic PA66 market is expected to consolidate weakly in the short term.

I. Concerns

1. 3/24: US plans to tighten sanctions on oil-producing countries like Venezuela, increasing potential supply risks, leading to a rise in international oil prices. NYMEX WTI crude oil futures for May delivery closed at $69.11, up $0.83/barrel, a change of +1.22% from the previous period. ICE Brent crude oil futures for May delivery closed at $73.00, up $0.84/barrel, a change of +1.16% from the previous period. China's INE crude oil futures main contract 2505 rose 2.0 to 533.3 yuan/barrel, and gained 5.5 to 538.8 yuan/barrel in the overnight session.

2. Engwei Da (China) Investment Co. announced that effective March 1, 2025, at 7 am, the spot trading price for diaminomethane will be implemented at 21300 RMB per ton, an increase of 300 RMB per ton from February.

Core logic:Cost pressure exceeds the supply pressure in the downstream market, stable input source market.

II. Price List

Three,Market Outlook

Raw material prices are weak and fluctuating, with a lack of support from cost factors. Downstream demand is relatively weak, and market inventory is gradually accumulating. The market lacks positive news to boost sentiment. It is expected that the domestic PA66 market will operate in a weak consolidation in the short term. Attention can be paid to the announcement of Invista's April caprolactam execution price.

Data Calendar