For the Quarter Ending March 2025
North America
The North American polyamide market recorded a 0.9% quarterly price decline in Q1 2025, with subdued demand persisting consistently throughout the period. Early-quarter hesitation stemmed from anticipated inflationary pressures and potential trade policy shifts under the new Trump administration. Supply-side stability improved after the ILA and USMX resolved port strike threats through a six-year labour agreement, averting major logistical disruptions.
Mid-quarter operations normalized as Winter Storm Enzo cleared, though market uncertainty intensified following President Trump's 25% tariffs on Mexican and Canadian goods. These measures triggered retaliatory actions, further dampening trade activity. Despite stable supply chains, downstream sectors maintained cautious procurement strategies, particularly in automotive and industrial applications.
The quarter closed with persistent weak demand conditions in the North American polyamide market. A sharp decline in consumer sentiment, fuelled by stagflation concerns and ongoing policy volatility, further compounded existing market challenges. While supply remained balanced, these macroeconomic headwinds prevented any meaningful price recovery during the quarter. Market participants maintained a cautious outlook as these factors continued to cloud near-term pricing direction, with the price for Polyamide (DEL Houston) settling at USD 4,860/MT in the US.
APAC
The Asia Pacific polyamide market registered a 1.9% quarter-on-quarter price decline in Q1 2025, as demand remained muted across major regional economies. Early in the quarter, limited trading activity ahead of the Spring Festival and widespread downstream shutdowns led to minimal procurement. Supply-side operations ran at low rates, while port congestion at Shanghai and Ningbo caused by pre-holiday cargo surges and adverse weather conditions resulted in minor domestic oversupply, adding downward pressure on prices. Mid-quarter, a brief price rebound emerged, supported by rising feedstock costs—particularly adipic acid—and the resumption of post-holiday industrial activity. However, buyers prioritized inventory restocking over new purchases. Automotive sector demand remained moderate, as OEMs adopted cautious procurement amid sluggish recovery, contributing little to market momentum. By quarter-end, polyamide prices weakened again as insufficient market confidence, cautious purchasing behaviour, and fragile export interest weighed on sentiment. Ongoing U.S.-China trade tensions further dampened global demand, with rising tariffs and retaliatory measures eroding export competitiveness. With polymerization units maintaining reduced run rates, further production cuts were anticipated if demand remained sluggish, with quarter-ending prices for Polyamide 66 FOB Dalian in China recorded at USD 2430/MT.
Europe
The European polyamide market recorded a 2% quarter-on-quarter price increase in Q1 2025, driven by elevated feedstock costs—particularly adipic acid, benzene, and natural gas. Early in the quarter, post-holiday demand recovery in the automotive sector supported gradual price gains, while producers responded to cost pressures with upward pricing momentum. Mid-quarter, polyamide prices surged as suppliers sought margin recovery after prior-year destocking. Buyers under long-term low-rate contracts faced the sharpest hikes. While isolated force majeure events sparked concern, actual disruptions were limited. Sustained energy inflation and firm raw material pricing reinforced bullish sentiment across the market. By quarter’s end, market conditions began to stabilize. Domestic output saw minor constraints due to plant issues, but this was offset by an influx of competitively priced Asian imports, which helped rebalance inventories. However, European demand remained subdued, particularly in industrial segments, limiting overall consumption. Rising import competition from Asia, where lower production costs prevail, intensified price pressure, prompting cautious sentiment among regional producers heading into Q2, with quarter-ending prices for Polyamide 66 DDP Germany recorded at USD 5,480/MT.
South America
The South American polyamide market witnessed a 1.1% quarter-on-quarter price decline in Q1 2025, largely driven by subdued demand and stable production. Early in the quarter, manufacturers maintained consistent output, supported by steady adipic acid costs. However, weak consumer purchasing power and declining international orders kept downstream activity limited, restricting market momentum. By mid-quarter, a further drop in feedstock adipic acid costs eased production expenses, allowing suppliers to sustain operating rates. Consumer confidence eroded in February amid rising inflation and a deteriorating macroeconomic backdrop. Export orders offered marginal support, though procurement remained cautious amid global uncertainties. Toward the quarter’s close, polyamide prices reached USD 4030 /MT, as trading stabilized. Strong domestic automotive sales in Brazil helped sustain polyamide consumption, with vehicle production supporting steady input demand. However, looming U.S. tariffs on auto parts raised concerns over potential cost escalations for Brazilian exports, threatening raw material demand in the automotive sector. While Q1 closed with relative stability, external trade risks posed challenges for future sentiment. Market fundamentals remained tied to automotive performance and global trade developments.
MEA
The MEA polyamide market recorded a 1.1% quarter-on-quarter price decline in Q1 2025, reflecting ongoing demand softness and stable supply dynamics. Early in the quarter, ample availability was ensured through low-cost imports from Asia, where prices weakened ahead of the Lunar New Year. Competitive freight rates and proactive inventory strategies by local manufacturers helped maintain consistent stock levels despite minor logistical delays. By mid-quarter, prices edged higher due to rising feedstock costs and the return of supply flows from Chinese exporters post-holiday. While shipments to the UAE increased, the cost of imported polyamide rose, narrowing buyers’ interest. On the demand front, moderate activity in the automotive sector, focused on inventory restocking, provided temporary support to polyamide consumption. Towards the end of Q1, Polyamide 66 CFR Al Jubail prices settled at USD 3440/MT, though market sentiment remained cautious. Most downstream buyers continued to purchase only as needed, citing high inventories and slow demand recovery. With limited urgency in restocking, price pressures are expected to persist into the near term.
For the Quarter Ending December 2024
North America
In Q4 2024, the North American Polyamide market experienced a consistent 1% decline in prices, reflecting subdued demand, sufficient supply, and broader economic uncertainties. Weak procurement from the automotive sector, a key consumer, marked the start of the quarter, with buyers focusing on immediate needs amid cautious market sentiment. Logistical disruptions, including port strikes at East and Gulf Coast ports, temporarily affected supply chains.
As the quarter progressed, sluggish demand persisted despite an uptick in U.S. auto sales, as manufacturers relied on existing inventories rather than placing new orders. Additionally, the resolution of the strike as the quarter progressed helped restore logistics operations, minimizing long-term impacts on supply. Seasonal destocking efforts intensified, further curbing procurement activity. Meanwhile, exports weakened significantly due to a decline in new orders, especially from European and Australian markets, where economic challenges reduced import appetite.
By the end of the quarter, the price for Polyamide 6,6 DEL US Gulf (USA), was recorded at USD 4870/MT as the seasonal slowdown and declining feedstock prices reinforced the bearish market sentiment. Oversupply, coupled with weak export performance, left Polyamide prices under pressure, concluding the quarter with limited signs of recovery.
Europe
In Q4 2024, the European Polyamide market experienced a declining trend, with prices showing an approximate 5% overall decrease compared to previous quarter. This downward trend was primarily driven by weak demand from downstream sectors, particularly the struggling automotive industry, combined with year-end seasonal slowdowns and destocking efforts. The European automotive industry’s declining Business Climate Index throughout the quarter reflected persistent weak demand, high costs, and increased competition, contributing to the downward pressure on polyamide prices. This weak demand was further reflected in declining new car registrations reported by the Federal Motor Vehicle Office (KBA), leading automakers to scale back production and further reducing polyamide consumption. Stable feedstock benzene costs and declining adipic acid prices further contributed to the bearish market sentiment by lowering production costs. Weak export expectations, driven by continued lack of momentum in foreign business, further amplified the market downturn. By the end of the quarter year-end inventory build-up during destocking limited fresh procurement activity, keeping transaction volumes low and contributing to the overall decline with the price for Polyamide 6,6 FOB Hamburg in Germany standing at USD 5315/MT.
APAC
In Q4 2024, the Asian Polyamide market experienced a consistent downward trend in pricing, primarily driven by weak demand from key downstream sectors such as the automotive industry, supply overhang, and broader economic uncertainties. Compared to Q3 2024, prices saw a significant 7% decline, reflecting the broader market weakness and the ongoing challenges in the global economic environment particularly due to weak economic conditions, led to diminished export orders, which further exacerbated the market's weakness. Downstream buyers exhibited caution in their purchasing decisions, contributing to inventory accumulation and a slowdown in procurement. Additionally, declining feedstock prices, such as benzene and adipic acid, provided limited cost support, which further pressured prices. As the quarter progressed, the market lacked upward momentum due to persistent oversupply, and demand remained largely subdued. The seasonal slowdown and year-end inventory adjustments by manufacturers led to cautious purchasing and further downward pressure on prices. By the end of the quarter, Polyamide 66 FOB Dalian prices in China stood at USD 2528/MT. The overall market sentiment was bearish, with minimal price fluctuations despite stable supply conditions.
MEA
In Q4 2024, the Polyamide market in the MEA region exhibited a significant 4% decline in prices, driven by subdued demand, oversupply, and competitive freight rates. Downstream industries remained cautious with procurement, limiting orders to essential requirements, which contributed to sluggish market activity. Stable to declining polyamide price trends in major export markets like the U.S. and China further pressured the MEA market, enabling manufacturers to accumulate inventory at lower costs, ultimately leading to an oversupplied market. Year-end destocking efforts were a prominent feature, with manufacturers offering discounts to clear excess inventories, preventing any potential upward price movement. Additionally, logistics costs eased as Drewry’s Intra-Asia Container Index declined in December, ensuring competitive freight rates across the region. Saudi Arabia experienced the most pronounced price reductions within the MEA market, reflecting the broader regional trend of steady declines. By the end of the quarter, Polyamide Nylon 6,6 (Med Viscosity) CFR Al Jubail prices stood at USD 3495/MT, underscoring the persistent downward trajectory and challenging market conditions observed throughout the period.
South America
In Q4 2024, the Polyamide market in the South America faced a continuous decline in prices, influenced by weak demand from key downstream sectors such as automotive sector. The American market saw moderate operating rates, with domestic merchants largely fulfilling demand from existing inventories rather than new orders. Customers adopted a "wait and see" approach, limiting fresh purchases and contributing to the overall price decline. Additionally, overseas orders remained weak, particularly as global economic uncertainties dampened consumer spending, and manufacturers faced limited new business activity. Particularly in Brazil, while supply remained sufficient to meet domestic demand, the market was impacted by logistical challenges, including hurricane-related disruptions and capacity constraints. Extended delivery times led to an accumulation of post-production inventories, while logistical inefficiencies created additional pressure on the market. The rising Transpacific freight rates, which reached elevated levels in December, added to the supply chain strain, further influencing the price trend. By the end of the quarter, the overall market sentiment remained bearish, with the price for Polyamide 66 FOB Sao Paulo recorded at USD 4040/MT, highlighting the persistent negative pricing trend in the region.
For the Quarter Ending September 2024
North America
In Q3 2024, the Polyamide market in North America witnessed a stable pricing trend, indicative of a balanced market situation. Several key factors contributed to this stability. Weak demand from downstream industries, particularly in textiles and automotive, significantly influenced market prices. Reduced procurement activities, cautious buying behaviour, and sluggish trading further suppressed the demand for Polyamide. Additionally, global economic uncertainties, including inflationary pressures and fluctuating raw material prices, created a negative sentiment within the market. The ongoing hurricane season also impacted logistics and trade activities, adding to the challenges faced by the industry.
In the United States, price changes were particularly notable, though overall prices remained relatively stable, with a marginal 0% change from the previous quarter in 2024. However, the latter half of the quarter saw a slight decline of 0.6% compared to the first half, suggesting a gradual decrease in pricing dynamics.
By the end of the quarter, the price for Polyamide 6,6 DEL US Gulf (USA), was recorded at USD 4960 per metric ton. This figure reflects the overall downward trend in pricing dynamics, highlighting the challenges stemming from subdued demand and external economic pressures affecting the Polyamide market.
Europe
In Q3 2024, the European Polyamide market experienced stable prices, with Germany showcasing the significant price changes. The market was influenced by various factors, including weak demand from downstream industries, such as textiles and automotive, and steady supply levels. Additionally, the euro area’s manufacturing sector has slid deeper into contraction as the third quarter came to a close. Eurozone goods producers have also downwardly adjusted their inventories in response to slumping business growth expectations and fewer new orders contributed to the stable pricing environment. Germany, with a 4% increase from the previous quarter, saw the maximum price fluctuations. The overall trend in the region indicated a consistent pricing stability, with an approximately 0% price change between the first and second half of the quarter. The quarter-ending price for Polyamide 6,6 FOB Hamburg in Germany stood at USD 6255/MT. Despite minor fluctuations, the market maintained a stable sentiment throughout the quarter, reflecting a balanced supply-demand scenario and cautious procurement practices among buyers.
APAC
In Q3 2024, the Polyamide pricing in the APAC region has exhibited decline trend, with the market experiencing marginal fluctuations. Key factors influencing prices include weak demand from downstream sectors, oversupply from high operating rates, and reduced cost support due to declining raw material prices, notably pure benzene. However, compared to the previous quarter in 2024, prices recorded a modest decline of 2%, showcasing downward price trends. New export orders fell at a significant rate, while limited trading activity and geopolitical factors further dampened international demand and purchasing activity.
The market witnessed significant price changes, with variations driven by subdued demand in the textile and automotive industries. The second half of the quarter saw a slight decline of 1.8% compared to the first half, indicating a gradual decrease in prices over the period. The quarter-ending price for Polyamide 6 FOB Dalian in China stood at USD 2025/MT, maintaining the overall stable sentiment observed throughout the quarter. Despite challenges, the market remained resilient, with prices showing a balance between supply and demand dynamics.
MEA
In Q3 2024, the Polyamide pricing in the MEA region witnessed a significant decline, with the market experiencing a negative trend throughout the quarter. The decrease in prices can be attributed to several key factors influencing the market dynamics. Firstly, oversupply from global markets, particularly in Asia, led to a surplus of Polyamide in the region, putting downward pressure on prices. Secondly, weakening demand from downstream industries, such as textiles and automotive, further contributed to the price reduction as manufacturers struggled to maintain sales amidst subdued market conditions. Additionally, the stability in freight rates and lacklustre trading activities impacted the pricing environment, discouraging price escalations. Specifically in Saudi Arabia, the market saw the most substantial price changes within the MEA region. The overall trend in the country mirrored that of the broader region, with prices declining steadily. Moreover, the quarter-on-quarter decline of -6% highlighted the continued bearish sentiment in the market. The price difference between the first and second half of the quarter, noted at -3%, demonstrated a consistent downward trajectory in pricing. In conclusion, the quarter-ending price of USD 3567/MT for Polyamide Nylon 6,6 (Med Viscosity) CFR Al Jubail in Saudi Arabia underscored the prevailing negative pricing environment, characterized by persistent decreases and a challenging market landscape.
South America
In Q3 2024, the Polyamide pricing landscape in South America experienced a decline, with Brazil seeing the significant price fluctuations. This downtrend was influenced by weakened demand in downstream industries such as textiles and automotive, resulting in oversupply and reduced consumption of Polyamide. Although production levels remained stable throughout the quarter, there was limited new business activity due to global economic uncertainties affecting consumer spending on durable goods. Additionally, seasonal slowdowns, compounded by geopolitical issues and logistical disruptions, further contributed to the price decrease. As the third quarter came to a close, the market also felt the effects of the hurricane season, which brought severe weather disruptions that impacted logistics and trade activities. The quarter-on-quarter change remained stagnant at a decline of 0.5%, reflecting only a slight decrease. In the latter half of the quarter, prices fell by 1% compared to the first half, indicating a gradual downward trend over the period. By the end of the quarter, the price for Polyamide 6 FOB Sao Paulo was recorded at USD 3675/MT, highlighting the persistent negative pricing trend in the region.
For the Quarter Ending June 2024
North America
In Q2 2024, the North American Polyamide market experienced an upward trajectory in pricing, driven primarily by several key factors. The quarter has been marked by a tightening supply chain, driven by increased global demand for ocean freight space, which surged by 9% year-over-year. This escalation in freight rates has significantly impacted the cost structure for Polyamide, resulting in higher market prices. Additionally, the manufacturing sector demonstrated a rebound, particularly within the automotive industry, which saw a notable 7% increase in light vehicle sales. This resurgence in automotive manufacturing has amplified the demand for Polyamide, further pushing prices upward.
Focusing specifically on the USA, the Polyamide market exhibited the highest price fluctuations. The quarter showcased an overall trend of rising prices, influenced heavily by seasonal demand waves and logistical constraints. The price of Polyamide saw a 4% increase compared to the same quarter last year and a 3% rise from the previous quarter in 2024. This consistent escalation underscores the robust demand and constrained supply environment. Notably, there was a 1% price increase between the first and second halves of the quarter, reflecting ongoing market tightness and sustained demand.
In conclusion, the quarter ended with Polyamide 4,6 priced at USD 10650/MT CFR Los Angeles, demonstrating a firm upward trend in the pricing environment. This surge in prices reflects the positive sentiment driven by heightened demand, logistical challenges, and a recovering automotive sector. The market dynamics suggest a continuing positive pricing trend for Polyamide in North America, with the potential for further increases as demand remains strong and supply chains face ongoing pressure. The stability of supply coupled with escalating costs has created a predominantly positive pricing environment throughout Q2 2024.
APAC
During Q2 2024, the Polyamide market in the APAC region experienced a significant bearish trend, influenced by numerous factors. The quarter was marked by pervasive weaknesses in demand across downstream industries, particularly in textiles and automotive sectors. This subdued demand was compounded by sufficient inventory levels, resulting in lower trading activities. The market further grappled with oversupply issues, as consistent production levels outpaced the limited buying interest from domestic and international markets. Additionally, rising freight rates and logistical challenges, including container shortages, exerted upward pressure on transportation costs, thereby exacerbating the market's downturn.
Focusing on South Korea, the region witnessed the most pronounced price adjustments. The overall trend was distinctly negative, characterized by stark seasonality impacts and a strong correlation with global market dynamics. Compared to the same quarter last year, there was a notable 10% decrease in Polyamide prices, indicating a persistent weak demand environment. From the previous quarter in 2024, prices showed a marginal increase of 4%, reflecting some temporary stability amid broader declines. However, a comparison between the first and second half of Q2 2024 revealed a 5% price drop, underscoring the continuous downtrend. The quarter concluded with the price of Polyamide 6,6 GF FOB Busan at USD 2203/MT, underscoring the overall negative sentiment in the market.
In summary, Q2 2024 presented a challenging landscape for Polyamide in the APAC region, driven by weak demand, ample supply, and logistical constraints. For South Korea, these factors collectively fostered a consistently declining pricing environment, reflecting a broader instability in the market.
Europe
In Q2 2024, the Polyamide market in Europe witnessed a significant uptick in prices, influenced by several critical factors. The primary drivers behind this price surge included heightened raw material costs, particularly for feedstocks like Benzene, which saw substantial price escalations. Supply chain challenges, such as increased freight rates and tight vessel space availability, also exerted upward pressure on prices. Demand dynamics played a crucial role, with downstream sectors like textiles and automotive demonstrating sporadic but notable demand spikes, despite an overarching trend of cautious procurement due to economic uncertainties. Additionally, geopolitical tensions and high inflation rates contributed to supply disruptions and increased production costs, further supporting the price hikes.
In Germany, the market experienced the most pronounced price increases within Europe. The overall trend in Germany reflected a consistent upward trajectory throughout the quarter, with seasonality factors and a strong correlation to global raw material cost fluctuations. The price of Polyamide in Germany rose by 1% compared to the same quarter last year, indicating a marginal but steady increase. More notably, the prices surged by 5% from the previous quarter in 2024, underscoring a robust positive sentiment within the market. A comparative analysis between the first and second half of the quarter revealed a 2% price increment, further highlighting the persistent upward momentum.
Conclusively, the quarter-ending price for Polyamide 4,6 FOB Hamburg in Germany was USD 6920/MT. This pricing environment reflects a decidedly positive trend, driven by strong fundamentals and market dynamics, which have collectively fostered an environment of increasing prices and robust market sentiment.
MEA
In Q2 2024, the Middle East and Africa (MEA) region experienced a notable decline in Polyamide prices, primarily driven by several critical factors. Throughout this quarter, the market was characterized by subdued demand from key downstream sectors, including textiles and automotive, which significantly influenced pricing trends. Overcapacity within the market, coupled with ample inventories, further exacerbated the downward pressure on prices. Additionally, logistical challenges and elevated freight rates from overseas markets contributed to the overall decline. Geopolitical tensions in major sea routes also played a role in disrupting supply chains, further impacting the pricing landscape unfavorably.
Focusing on Saudi Arabia, where the most substantial price changes were observed, the general market sentiment remained negative throughout the quarter. Seasonality effects revealed a consistent decline in demand, particularly during periods of traditionally lower industrial activity. The overall trend in Saudi Arabia saw a -2% decline in Polyamide prices compared to the same quarter last year. From the previous quarter in 2024, prices recorded a marginal increase of 2%, indicating short-lived stability before resuming a downward trajectory. Comparing the first and second halves of the quarter, there was a -3% decrease in prices, underscoring the persistent weakening demand and market oversupply.
By the end of Q2 2024, the price of Polyamide Nylon 66 (Med Viscosity) CFR Al Jubail settled at USD 3840/MT. This consistent decline in prices reflects a challenging market environment marked by negative influences and limited positive catalysts. Overall, the pricing environment for Polyamide in the MEA region, and particularly in Saudi Arabia, has been negative, driven by weak demand, market oversupply, and logistical disruptions.
