Polyamide 66 Daily Review: Supply and Demand Game, PA66 Market Fluctuates

1 Today's Summary

①、 [Longzhong] On June 2: Talks between the U.S. and Iran have stalled, increasing market concerns about supply risks, leading to a rise in international oil prices. NYMEX crude oil futures for July rose by $1.60 to $93.76 per barrel, a 1.74% increase. ICE Brent crude oil futures for August rose by $1.02 to $96.00 per barrel, a 1.07% increase. China's INE crude oil futures for the 2607 contract rose by 21.3 to 606.1 yuan per barrel, with a night session drop of 2.5 to 603.6 yuan per barrel.

Today, the domestic PA66 capacity utilization rate is 60%, and downstream high-priced follow-up is cautious, leading to a supply-demand tug of war.

③、 INVISTA (China) Investment Co., Ltd. (INVISTA) announced that, effective from Starting from 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 to transactions conducted in accordance with FCA Terms HMD contract orders purchased from Invista’s Inlon plant that meet certain quantity requirements.

2 Spot Overview

Table 1 Domestic PA66 Price Summary (Unit: Yuan/Ton)

Based on the domestic PA66 engineering plastics-grade chip market, as cost-side pressure remains, domestic PA66 factory prices today are referenced at RMB 20,000-21,000/ton, stable compared with the previous trading day. Raw material cost pressure still exists, and PA66 producers still have a strong intention to support prices. However, downstream demand is average, traders are flexibly operating, and market transaction prices are consolidating within a narrow range.

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

3 Production Dynamics

Today, the capacity utilization rate of domestic PA66 producers is around 60%. Expectations of reduced long-term supply in the industry persist, while inventory pressure on enterprises is gradually increasing. In terms of profit, raw material cost pressure remains, and domestic PA66 is expected to continue operating at a loss in the short term.

Figure 3 2025-2026 Annual Domestic PA66 Capacity Utilization Rate Trend Chart	Figure 4. 2025-2026 Comparison Chart of Domestic PA66 Profit and Price (yuan/ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price prediction

Constrained by high aggregation costs, industry operating rates remain weak, and producers are holding firm on quotes. However, downstream demand is following up slowly, intensifying the tug-of-war between supply and demand. PA66 prices are expected to remain range-bound and fluctuate in the short term.

5 Relevant product information.

Adipic Acid Market: Based on the East China market, today's price of adipic acid is 8000-8600 yuan/ton, down from previous prices. , in line with expectations from this morning. Today, the domestic adipic acid market in China moved downward in terms of its central price range. Although the raw material prices have edged back slightly, bearish fundamentals continue to constrain the market, and cost-side support remains weak. Producers have lowered their guide prices, and holders remain willing to sell, causing mainstream spot offers to soften. Downstream buyers are cautious in entering the market, with weak willingness to replenish inventories. Spot inquiries for small orders are driven mainly by just-in-time needs, while buyers are also pressing for lower prices and purchasing at lower levels. Spot trading has yet to improve. The tug-of-war between supply and demand continues, and the weak trend is unlikely to change. In East China, the reference price is RMB 8,000–8,600/tonne, acceptance delivery included, negotiable for actual deals.

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