1. Key Focus

1.3/4: The U.S. additional tariff policy has triggered potential trade dispute risks, coupled with OPEC+ planning a small production increase from April, leading to a decline in international oil prices. NYMEX crude oil futures 04 contract fell by $0.11 to $68.26 per barrel, down -0.16% month-over-month; ICE Brent crude oil futures 05 contract fell by $0.58 to $71.04 per barrel, down -0.81% month-over-month. China's INE crude oil futures main contract 2504 fell by 7.7 to 531.5 yuan per barrel, and the night session fell by 12.7 to 518.8 yuan per barrel.

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

Core Logic: There is significant pressure on the cost side, while downstream demand is moderate, and the supply of market goods remains stable.

2. Price List

3. Market Outlook

With limited low-price offers for raw material hexamethylenediamine, and adipic acid showing weak fluctuation, the cost of raw materials remains relatively stable. Downstream demand follows as needed, and the supply of market goods is stable. It is expected that the domestic PA66 market will experience a narrow range of fluctuations in the short term.