1. Market Focus This Week

1) Production: According to Longzhong Information, the average capacity utilization rate of domestic polyolefins this week is approximately 58%, stable compared to last week, with a capacity base of 1.271 million tons.

Demand: Terminal market demand is generally low, and downstream purchasing enthusiasm is lacking.

2. Market Analysis for This Week

Data source: Longzhong Information

DomesticPA66 Market Price Weekly Fluctuation Table

Unit: yuan/ton

Data Source: Longzhong Information

This week, the domestic PA66 market is operating weakly. As of March 27, the market price for EPR27 in Yuyao, East China, is referenced at 16,800-17,000 yuan/ton, a decrease of about 1.96% compared to last week. The raw material adipic acid is experiencing low-level fluctuations, and the April execution price for hexamethylenediamine by Invista remains stable at 21,300 yuan/ton. The price of raw materials is relatively stable, but polymer manufacturers are still under cost pressure. However, due to weak demand, domestic PA66 sales are hindered, leading to a continuous accumulation of industry inventory, and market transaction prices have slightly decreased.

3. Market Influencing Factors Analysis

1) The raw material adipic acid is fluctuating. In April 2025, the execution price of Invista's hexamethylenediamine remains stable at 21,300 yuan/ton. Both adipic acid and hexamethylenediamine prices are volatile, and there is still some pressure on the cost side.

The downstream demand side is generally moderate and follows demand closely.

Next week's market forecast

From the cost perspective, the market for the raw material hexamethylenediamine (HMD) is experiencing low-level fluctuations, while Invista's April pricing for hexamethylenediamine remains stable. As a result, the cost pressure on polymer companies is relatively high due to minimal fluctuations in raw material prices. From the supply-demand perspective, there is currently no significant recovery in terminal market demand, and downstream buyers are mainly purchasing as needed. Consequently, polymer companies are struggling to sell at high prices, leading to an increasing overall inventory pressure in the industry. However, some companies plan to reduce production in early April, and a decrease in domestic PA66 spot supply is expected. Under the expectations of cost and supply reduction, the domestic PA66 market may maintain narrow fluctuations in the short term.