PA66 Month Review: Raw Materials Support Strong Uptrend in February PA66 Market

In February 2026, the domestic polyamide 66 (PA66) market in China exhibited a firm and rising trend, strongly supported by rising prices of key raw materials. The monthly average price advanced steadily, low-priced supply tightened, and the overall market dynamics were predominantly driven by cost pressures, with a balanced supply-demand structure providing solid support.

I. Key Issues of Focus This Month

Strong support from the raw material end: The prices of key raw materials, hexamethylenediamine and adipic acid, have shown a strong upward trend, with adipic acid rising by nearly 3% overall for the month. The strong performance of the raw material end has provided solid cost support to the PA66 market, driving the price of PA66 to steadily rise.

The market price has significantly increased: This month, the average price of PA66 in the East China region reached 15,807 yuan/ton, an increase of 697 yuan/ton from last month, indicating a notable price rise, with the overall market showing a firm operational characteristic.

Pre-holiday supply-demand dynamics improved: downstream enterprises ramped up pre-Spring Festival stockpiling, leading polymer producers to experience overselling, leaving producers with no inventory pressure and further driving market prices upward, with low-priced supply gradually dwindling.

II. Market Review of This Month

In February, the domestic PA66 market as a whole showed a firm upward trend. The market was influenced by factors such as raw materials, holidays, and supply and demand, with price fluctuations showing a phased characteristic. The overall trading atmosphere varied with the holidays.

From the core price data, the EPR27 model of PA66 in the Yuyao region stood out, with an average price of 15,807 yuan/ton for this period, an increase of 697 yuan/ton from the previous period's 15,110 yuan/ton, representing a month-on-month increase of 4.61%; compared to the same period last year's 17,413 yuan/ton, it decreased by 9.22%. Although the price has still fallen year-on-year, the clear upward trend month-on-month highlights the firmness of the market this month.

In the early part of the month, driven by the significant rise in crude oil prices, the prices of raw materials such as adipic acid remained high. Coupled with the approaching Spring Festival and the demand for nylon inventory from the end market, manufacturers' sentiment was bullish, leading to a gradual warming up of the PA66 market and steady price increases. Before the Spring Festival, downstream companies engaged in concentrated stockpiling, with many polymer enterprises experiencing overselling, and producers faced no inventory pressure. Under the resonance of multiple positive factors, the availability of low-priced goods in the market continued to decrease, and the market trend steadily rose. After the Spring Festival, the positive impact of raw material prices on the market weakened, and terminal demand temporarily declined. The price of PA66 did not see a further significant increase, but it maintained a high level, supported by the previous cost base, without showing a significant decline. As of February 28, the benchmark price of PA66 was still slightly higher than at the beginning of the month, and the overall trend for the whole month was firm and upward.

From the supply side, some PA66 polymerization plants reduced production and operated at lower loads during the Spring Festival holiday this month, and gradually resumed operations post-holiday; overall supply tightened slightly. Distributors’ inventory levels are moderate, and spot supply remains relatively ample, with no significant shortages or overstocking observed. The supply-demand balance is relatively stable, providing a fundamental support for price increases.

III. Next Month's Market Forecast

The domestic PA66 market is expected to remain stable in March 2026.High-level fluctuation, relatively strong operationThe situation shows that cost-side support continues to strengthen, but the pace of downstream demand recovery will constrain the upside potential of prices.

Overall, the PA66 market in March is supported by strong cost factors, and the market is expected to remain at a high level. However, due to the slow recovery of downstream demand, prices are unlikely to rise significantly. It is expected to show a trend of high-level fluctuations with a slightly strong direction.