[pa66 daily review] supply and demand game leads pa66 market to fluctuate

1 Today's Summary

①、 [Longzhong] 6/4: The U.S. sent positive signals regarding U.S.-Iran talks, easing geopolitical tensions and supply concerns, and international oil prices fell. NYMEXCrude Oil FuturesThe July contract fell $2.98/barrel to $93.04, a decrease of 3.10%; the ICE Brent crude futures August contract fell $2.78/barrel to $95.03, a decrease of 2.84%. The INE crude oil futures 2607 contract rose 4.3 to 608.3 yuan/barrel, and in the night session fell 13.2 to 595.1 yuan/barrel.

Today, the domestic PA66 capacity utilization rate is 60%, and downstream demand is cautiously following high prices, leading to a supply-demand game.

③、 INVISTA (China) Investment Co., Ltd. (INVISTA) announced that, effective from Starting at 7:00 on June 1, 2026. Dytek® hexamethylenediamine ( HMD The spot transaction price of ) shall be executed at RMB 26,300 per metric ton. This price includes value-added tax and applies only in accordance with FCA Terms HMD contract orders purchased from Invista’s Yinglong factory that meet certain quantity requirements.

2 Spot Market Overview

Table 1 Domestic PA66 Price Summary (Unit: RMB/ton)

Based on the domestic PA66 engineering-grade chip market, as cost-side pressure remains, the reference price of domestic PA66 plants today is RMB 20,000–21,000/ton, unchanged from the previous trading day. Raw material cost pressures remain. PA66 manufacturers still have an intention to hold prices firm, but downstream demand is average. Traders are operating flexibly, and market transaction prices are consolidating within a narrow range.

Figure 1 2022-2026 Domestic PA66 Price Trend Chart (RMB/ton)	Figure 2. 2025-2026 Domestic PA66 East China Price Trend Chart (RMB/ton)
Data source: Longzhong Information	Data source: Longzhong Information

3 Production Status

Today, the domestic capacity utilization rate of PA66 enterprises is about 60%. There is a long-term expectation of reduced supply of raw materials in the industry, and the inventory pressure on enterprises is gradually increasing. In terms of profits, there is still pressure from raw material costs, and in the short term, domestic PA66 is near the cost line.

Figure 3 2025-2026 Trend Chart of Domestic PA66 Capacity Utilization Rate by Year	Figure 4 2025-2026 Domestic PA66 Profit and Price Comparison Chart (Yuan/Ton)
Source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction

1. Constrained by relatively high polymerization costs, industry operating rates remain weak, and factories’ public quotations are stable, butDownstream market demand remains sluggish, and the supply-demand tug-of-war is intensifying.In the short term, domestic PA66 prices are expected to fluctuate weakly.

5 Related product information

Adipic Acid Market ： Based on the East China market, adipic acid closed today at 7,800–8,200 yuan/ton, down from previous prices. , in line with expectations from this morning. Today in ChinaSebacic Acid MarketWeak and slightly declining. The trend in feedstock pure benzene has been volatile, the styrene-benzene price spread continues to narrow, and industry losses are intensifying. Producers remain willing to ship, and spot offer levels in the trading market have softened. Sellers are focusing on moving cargo and offering concessions to facilitate negotiations. End-user buying interest is poor, spot trading sentiment is sluggish, and there is little discussion of deals. Occasional small orders are entering the market at lower prices, with negotiations gravitating toward the low end, and actual transaction activity remains weak. East China reference price is 7800-8200 RMB/ton, delivery upon acceptance, actual transaction negotiable.

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