[PA66 Daily Review] Downstream Purchases As Needed, Market Steady

1 Today's Summary

①、 On November 20, the United States proposed a new plan to restart peace talks between Russia and Ukraine, alleviating concerns over geopolitical risks and leading to a decline in international oil prices. NYMEX crude oil futures for December contract fell by $0.30 to $59.14 per barrel, a decrease of 0.50%; ICE Brent crude futures for January contract decreased by $0.13 to $63.38 per barrel, down 0.20%. China's INE crude oil futures for January contract dropped by 8.2 to 455 yuan per barrel, with a night session decline of 3.3 to 451.7 yuan per barrel.

Today, the domestic PA66 capacity utilization rate is 67%, with a daily production of approximately 2,650 tons. The capacity utilization rate of some enterprises has slightly decreased, downstream demand is average, and the supply of goods in the domestic PA66 industry is adequate.

2 Spot Overview

Based on the Yuyao market in East China, today's market price for EPR27 is referenced at 14,500-14,600 yuan/ton, which is stable compared to the previous trading day. 。 The cost pressure is relatively high, the capacity utilization rate of aggregation enterprises is relatively stable, the market spot supply is sufficient, and downstream procurement is on-demand, resulting in a temporarily stable market operation. 。

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

3 Production Dynamics

Today, the capacity utilization rate of domestic polymer 66 enterprises is about 67%, and the industry's supply of goods is sufficient. In terms of profit, raw material prices have fluctuated little, cost pressure is relatively high, the market is temporarily stable and running in an orderly manner, continuing in a state of loss.

Figure 5: Trend Chart of Domestic PA66 Capacity Utilization Rate for 2024-2025	Figure 6: Comparison of Domestic PA66 Profit and Price in 2025 (yuan/ton)
Data source: Longzhong Information	Data Source: Longzhong Information

4 Price Prediction

Downstream procurement is demand-driven, and the market has ample spot supply; however, there is relatively high cost pressure. The overall fundamentals are stable with minor fluctuations expected. In the short term, the domestic PA66 market is anticipated to operate within a narrow range.

5 Relevant product information

Adipic Acid Market: The reference price for adipic acid in the East China market is 6450-6600 CNY/ton delivered on acceptance, remaining stable compared to yesterday's price.Adipic Acid MarketMarket consolidation. Raw material spot prices are weakening, increasing market participants' cautious sentiment. Major factories have no indicative offers, and industry players are following the market trends. Downstream market entry intentions are poor, and trading is sluggish.

6 Data Calendar

Table 2 Domestic PA66 Data Overview (Unit: 10,000 tons)