[Polyamide 66 Daily Review] Average Demand, Market Fluctuates Narrowly

1 Today's Summary

①、 1/8: The geopolitical situation in regions such as Ukraine and Israel still presents uncertainties, and potential supply risks continue in the short term, leading to a rise in international oil prices. NYMEX crude oil futures contract for February rose by $1.77 to $57.76 per barrel, an increase of 3.16%; ICE Brent crude oil futures contract for March rose by $2.03 to $61.99 per barrel, an increase of 3.39%. China's INE crude oil futures contract for 2602 fell by 6.8 to 418 yuan per barrel, then rose by 6.6 to 424.6 yuan per barrel in the night session.

Today, the domestic PA66 capacity utilization rate is 70%, with a daily output of about 2,850 tons. The capacity utilization rate is relatively stable, downstream demand is generally weak, and the supply of goods in the domestic PA66 industry is ample.

2 Spot Overview

Based on the East China Yuyao market, today's EPR27 market price is referenced at 14,900-15,000 RMB/ton, stable compared to the previous trading day. 。 Cost pressure is relatively high, but the market supply of spot goods is stable, and downstream demand for high prices is cautious.Mainly driven by demand.Market consolidation underway 。

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

3 Production Dynamics

Today, the domestic capacity utilization rate of the 66 polymer enterprises is about 70%, and the supply of goods in the industry is ample. In terms of profits, raw material prices have fluctuated little, cost pressures still exist, and there is still a sentiment of reluctance to sell at low prices in the market. It is expected that short-term losses may decrease.

Figure 3: Trend of Domestic PA66 Capacity Utilization Rate in 2025	Figure 4: Comparison of Domestic PA66 Profit and Price in 2025 (Yuan/Ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

4 Price Forecast

Raw material prices are fluctuating at a high level, cost pressures remain, market spot supply is ample, downstream response to high prices is slow, and the fundamentals are relatively stable. In the short term, the domestic PA66 market is expected to fluctuate within a narrow range.

5 - Relevant Product Information

Adipic Acid Market: Based on the East China market, adipic acid is priced at 7000-7200 yuan/ton today, remaining stable compared to previous prices, in line with earlier expectations. Today, the domestic market for sebacic acid is in a range-bound consolidation. As the weekend approaches, market news is quiet, and operators have a subdued trading sentiment, waiting for guidance from suppliers. The market reports show narrow fluctuations. Downstream orders have not improved, and the atmosphere for negotiations is light, leading to a weak trading sentiment among some operators. The focus of discussions has softened slightly, but considering the suppliers' efforts to stabilize the market, the interplay between the fear of losses and the intention to sell is at odds, resulting in a prevailing wait-and-see sentiment. The market is experiencing narrow fluctuations. In East China, the reference price is 7000-7200 yuan/ton delivered on acceptance, with actual transactions negotiable.

6 Data Calendar

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