[PA66 Daily Review] Cost Pressure Persists, Market Temporarily Stable

1 Today's Summary

①、 On November 17, the Russian port previously attacked has resumed normal loading operations, easing geopolitical concerns and leading to a drop in international oil prices. NYMEX crude oil futures for December contracts fell by $0.18/barrel to $59.91, a decrease of 0.30% compared to the previous period; ICE Brent crude futures for January contracts fell by $0.19/barrel to $64.20, a decrease of 0.30% compared to the previous period. China's INE crude oil futures for contract 2601 rose by 1.9 to 460.8 yuan/barrel, with the night session rising by 1.1 to 461.9 yuan/barrel.

Today, the domestic PA66 capacity utilization rate is 69%, with a daily output of approximately 2,700 tons. The capacity utilization rate of some enterprises remains stable, downstream demand is average, new capacities are being gradually released, and the supply of PA66 in the domestic industry is sufficient.

2 Spot Overview

Based on the Yuyao market in the East China region, today's EPR27 market price is referenced at 14,500-14,600 RMB/ton, stable compared to the previous trading day. 。 Cost pressure is relatively high. The market supply is ample, and downstream purchases are mainly based on demand, resulting in a weak market. The market is oscillating and consolidating.

Figure 1: Domestic PA66 Price Trend Chart for 2025 (Yuan/Ton)	Figure 2: Price Trend Chart of Domestic PA66 in East China for 2025 (Yuan/Ton)
Data Source: Longzhong Information	Data source: Longzhong Information

3 Production Dynamics

Today, the domestic utilization rate of capacity among the 66 polymer enterprises is approximately 69%, and the industry's supply of goods is ample. In terms of profit, raw material prices have not fluctuated significantly, but cost pressures are relatively high. The market is operating in a weak consolidation, continuing in a state of loss.

Figure 5: Trends in Domestic PA66 Capacity Utilization Rates for 2024-2025	Figure 6: Comparison of PA66 Profit and Price in China for 2025 (CNY/Ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

4 Price Prediction

Raw material prices fluctuate, cost support remains stable, downstream maintains just-in-time purchasing, and market spot supply is sufficient. It is expected that the domestic PA66 market will experience short-term fluctuations and consolidation.

5 Relevant product information

Adipic Acid Market The reference price for adipic acid in the East China market is 6450-6600 yuan/ton, delivered and accepted for payment, which remains stable compared to yesterday's price.Adipic Acid MarketThe market is consolidating sideways. The market news is quiet, intermediaries are following the market trend, and the range of quoted prices is limited. End-users are entering the market based on actual demand, inquiries are sparse, and actual transactions have not shown improvement.

6 Data Calendar

Table 2 Domestic PA66 Data Overview (Unit: Ten Thousand Tons)