[Polyamide (PA) 66 Daily Review] Weak Downstream Demand, PA66 Market Fluctuates Lower

1 Today's Summary

①、 [Longzhong] 6/8: Iran and Israel again engaged in low‑intensity military clashes, increasing supply risks and pushing up international oil prices, but a subsequent ceasefire announced by both sides curtailed the gains. NYMEX crude oil futures Jul (07) contract $91.30, up $0.76/barrel, +0.84%; ICE Brent futures Aug (08) contract $94.25, up $1.16/barrel, +1.25%. China's INE crude futures 2607 contract rose 1.5 yuan to 596.7 yuan/barrel, with the night session down 6.7 yuan to 590 yuan/barrel.

② Today, domestic PA66 capacity utilization stands at 60%; downstream buyers are cautious about following up at high prices, with supply and demand in a 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 trading price of shall be implemented at RMB 26,300 per ton. This price includes value-added tax and is only applicable in accordance with FCA Terms HMD contract orders purchased from the INVISTA Invinya plant that meet the specified quantity requirements.

2 Spot Overview

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

Based on the domestic PA66 engineering plastics-grade chip market, due to continued cost-side pressure, domestic PA66 factory prices today are referenced at RMB 19,000–21,000/ton, down from the previous trading day. The pressure of raw material costs still exists, and some companies have lowered their quotes. Additionally, downstream demand is weak, leading traders to operate flexibly.The market trading atmosphere is relatively weak.

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

3 Production Dynamics

Today, the capacity utilization rate of domestic PA66 enterprises is around 60%. In the long term, the industry expects a reduction in supply, while enterprise inventory pressure is gradually increasing. In terms of profit, raw material cost pressure remains, and domestic PA66 is currently operating near the cost line in the short term.

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

4 Price Prediction

Raw material prices fluctuated downward.Downstream demand is weak, market supply is relatively ample, and the overall fundamentals are trending weak. It is expected that the domestic PA66 market will operate weakly in the short term.

5 Related product information

Adipic Acid Market: In the East China market, adipic acid closed today at RMB 7,700–7,900/mt, down from the previous period. …which met the morning expectations. Today, the domestic adipic acid market moved lower within a range. The supply-demand stalemate remained unchanged, while raw materials fluctuated within a narrow range, offering limited cost support. Holders followed the market trend, and trading market offers continued to fluctuate slightly as shipments persisted. Supplier producers lowered their guidance prices, further intensifying the market’s indecisive sentiment, and some intermediaries also reduced their offers accordingly. Downstream players remained cautious, with weak buying interest upon market entry. Only sporadic spot inquiries were made to meet rigid demand, and follow-up on firm orders was limited, resulting in scant trading activity. In East China, the reference price was RMB 7,700–7,900/ton, delivered with acceptance, with room for negotiation on firm deals.

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