Plastic Industry Updates & Resources

Organized by the China Plastics Machinery Industry Association, the "2025 Ranking of Advantageous Enterprises in China's Plastics Machinery Industry" (refer to document [2025] No. 12 of the China Plastics Machinery Association) follows the principles of "fairness, impartiality, and voluntariness," ranking enterprises based on the main economic indicators of "main business income" and "net profit." Based on the 2024 data reported by each unit, after review and verification, it has been determined that: "Top 40 Comprehensive Strength Enterprises in China's Plastic Machinery Manufacturing Industry 2025" "Top 17 Enterprises in China's Plastic Injection Molding Machine Industry in 2025" Top 15 Enterprises in China's Plastic Extrusion Molding Machine Industry in 2025 "Top 5 Enterprises in China's Plastic Blow Molding Machine Industry in 2025" "Top 5 Companies in the Chinese Vertical Plastic Injection Molding Machine Industry in 2025" "Top 7 Enterprises in the Chinese Plastic Machinery Auxiliary Equipment and Accessories Industry in 2025" Selected listHereby announced. The announcement period is from August 1 to 8, 2025. If there are any objections, please contact the association.    

[Introduction]: 7 Under the dual constraints of monthly supply and demand contradictions, and with some relief in market pressure from the macro side, polyethylene prices experienced a slight decline. The average monthly price of mainstream LLDPE film in North China was 7,205 yuan/ton, down 0.22% month-on-month.In August, the polyethylene market is expected to see a slight price increase as the fundamental pressure eases amid improved downstream operating rate expectations. One, The supply side continues to exert pressure and downstream operation rates are declining, leading to a narrow downward trend in polyethylene prices. 7 Domestic polyethylene prices fell in the month. In July, with the commissioning of Jilin Petrochemical's new 400,000-ton/year plant, polyethylene production capacity reached 39.14 million tons. In terms of output, it increased by 4.48% month-on-month to 2.7264 million tons in July. The inventory of social sample warehouses rose by 10.77% to 561,700 tons, exerting pressure on the polyethylene market from the upstream supply side. On the downstream side, by the end of July, the overall average operating rate of downstream PE industries dropped to 38.3%, down 0.4% from the previous month and 2.76 percentage points year-on-year, setting a record low for the same period in history. However, on the macro level, the new round of policies for eliminating outdated production capacity released in mid-month offset part of the impact from fundamentals. Overall, under the dual constraints of supply and demand contradictions in July, and with some alleviation of market pressure from the macro side, polyethylene prices declined within a narrow range. By the end of the month, the average monthly price of mainstream LLDPE film in North China was 7,205 yuan/ton, down 0.22% month-on-month. 2. Newly commissioned enterprises within the month led to a 4.48% month-on-month increase in output. In July, the domestic maintenance loss volume increased, with the loss volume month-on-month at -2.03% to 506,700 tons. Among them, the maintenance volume of low-voltage varieties decreased by 5.6% month-on-month, the maintenance volume of high-voltage varieties decreased by 1.84% month-on-month, and the maintenance volume of linear varieties increased by 5.04% month-on-month. The maintenance impact volume of low-voltage was 278,000 tons; the maintenance impact volume of high-voltage was 74,500 tons; and the maintenance impact volume of linear types was 154,200 tons. 7 Monthly New Polyethylene Production Units In July, domestic polyethylene production reached 2.7264 million tons, a month-on-month increase of 4.48%. The capacity utilization rate rose by 1.16 percentage points month-on-month to 79.43%. 3.The operating rate downstream fell to 38.3% on a week-on-week basis. In July, the operating rate of domestic downstream polyethylene was 38.3%, a month-on-month decrease of 0.4%. In July, the overall operating rate of agricultural film increased by 0.1% month-on-month. The agricultural film industry continued to exhibit typical off-season characteristics in July, with overall performance remaining sluggish. Although the demand for greenhouse films slowly started to pick up, the increase in orders was less than that of the same period in previous years. Only a few large-scale enterprises saw a slight rise in operating rates, while small and medium-sized enterprises mainly engaged in intermittent production. The traditional off-season for mulch films saw most enterprises choosing to halt production for maintenance, except for a few that maintained sporadic order-based production. Overall, the current agricultural film market exhibits clear seasonal characteristics. In July, the operating rate of agricultural film saw only a slight increase compared to June, and the market's recovery still awaits a seasonal demand turning point. The average operating rate of PE packaging film in July decreased by 0.23% month-on-month. This month's operating level mainly experienced slight and temporary fluctuations. Affected by demand, most companies supplemented with short-term orders, concentrating production on already received orders, with limited new orders coming in. 。 Section Four Translate the above content into English and output the translated result directly without any explanation.Polyethylene prices are expected to rise slightly in August. Domestic PE market prices in August are expected to rise within a narrow range. The polyethylene capacity utilization rate in August is expected to decrease by 0.79% to 78.64%. Despite the ramp-up of newly commissioned enterprises, output is only expected to increase slightly by 0.03% to 2.7271 million tons, showing little change compared to July. Exports are expected to decrease by 4.4% to 87,000 tons, while the total domestic market supply is projected to increase by 0.34% compared to July. In terms of demand, it is expected that the overall average operating rate of downstream industries will increase by 2% to 40.3% in August. For agricultural films, the mid-to-late period will enter the "Golden September and Silver October" stocking season. This year, coupled with macro policy stimulus, the timing and strength of demand initiation are particularly crucial. The operating rate of agricultural films is expected to increase by 5.5%, while packaging films are expected to rise by 2.5%. Overall, with the expectation of improved downstream operating rates in August, the fundamental pressures on the polyethylene market are expected to ease, and prices may rise within a narrow range. It is estimated that the average price of LLDPE in the North China market will be around 7,290 yuan/ton in August, 7,450 yuan/ton in September, and 7,520 yuan/ton in October. 。

[Introduction] On August 1st, the National Development and Reform Commission held a press conference to interpret the current economic situation and economic work. An official from the Policy Research Office of the National Development and Reform Commission stated:The third batch of 69 billion yuan in ultra-long-term special government bonds for supporting the replacement of old consumer goods with new ones has been fully disbursed this year. The fourth batch of 69 billion yuan is scheduled to be disbursed in October, at which point the annual plan of disbursing 300 billion yuan will be completed.。 Data source: Longzhong Information From the perspective of domestic automobile production,2025 1-6The output of the month is in1555.4 Ten thousand units, year-on-year increase161.3 Tens of thousands of vehicles, rising11.57% The main domestic policies, such as the replacement policy, the new energy vehicle purchase subsidy, and the exemption from purchase tax, will continue to play a strong role in supporting and driving domestic automobile demand. It is expected that in the second half of the year, with the arrival of the peak demand season, domestic automobile production is likely to continue to rise. Source of data: Longzhong Information From the perspective of consumption, automobile sales showed an upward trend from 2021 to 2025. Supported by the two new subsidy policies, China's automobile sales gradually increased, with a growth rate of 11.92% in 2023. Sales reached 30.05 million units, accounting for 33.8% of global sales. In 2024, sales reached 31.43 million units, an increase of 1.38 million units compared to 2023. According to the latest data, the demand in the Chinese automobile market in 2025 remains stable, coupled with a gradual recovery in exports, with consumption reaching 15.65 million units from January to June. 。 Source of data: Longzhong Information From the perspective of the home appliance industry, the total output of the four major home appliance sectors reached 363.705 million units from January to June 2025, an increase of 9.193 million units compared to the same period last year, representing a year-on-year growth of 2.59%. Among them, washing machines and air conditioners showed significant year-on-year growth of 10.81% and 4.99%, respectively, mainly due to increased demand in the EU and UK markets. In addition, the rising demand in emerging markets such as Southeast Asia and South America has also provided strong support for domestic home appliance production. With the support of domestic trade-in subsidies and other policies, the production of domestic automobiles and home appliances has significantly increased. As the main application fields of modified polypropylene, this provides slight support for the orders of modified polypropylene enterprises. In July, the average order days for modified polypropylene was 11.13 days, an increase of 15.94% compared to 2024. It is expected that the orders for modified polypropylene may increase in the fourth quarter. Overall,Trade-in programs directly reduce consumers' replacement costs through subsidies, with a particularly significant impact on price-sensitive groups. In the automotive sector, the combination of new energy vehicle trade-in subsidies and purchase tax exemptions accelerates the replacement of fuel vehicles; in the home appliance sector, the demand for upgrading to energy-efficient and smart products is released, promoting inventory clearance in the industry. ExpectedIn October, with the arrival of a new round of trade-in funds and the approach of the Spring Festival, the demand for automobiles and home appliances continues to rise.

Summary: On July 31, the prices and forecasts for general-purpose and engineering plastics markets were summarized. General-purpose plastics overall experienced a slight decline; the PP market loosened slightly with some prices dropping by 10-30; PE showed minor fluctuations with changes ranging from a 1 to 7 increase or decrease; PVC oscillated and retreated, falling by 30-70; PS prices decreased to boost sales, dropping by 20-30; ABS remained mostly stable with slight fluctuations, declining by 50-100. Engineering plastics saw localized adjustments; PET prices declined, dropping by 40-50 in some cases; PA6 held firm with increases ranging from 50 to 300; PC, POM, PBT, PMMA, and PA66 remained stable and consolidated.   General Material PE: Market sentiment weakens, with the price center slightly shifting downward. 1. Today's Summary OPEC+ may continue to significantly increase production in September, leading traders to take profits, and resulting in a decline in international oil prices. NYMEX crude oil futures for the September contract fell by $0.74 to $69.26 per barrel, a month-on-month decrease of 1.06%; ICE Brent crude futures for the September contract fell by $0.71 to $72.53 per barrel, a month-on-month decrease of 0.97%. ②. The HDPE market price changed by -5 to -6 yuan/ton, the LDPE market price by -1 yuan/ton, and the LLDPE market price by -7 yuan/ton. 2. Spot Overview Macroeconomic news has been gradually digested, with no further boosts, and cost-side support has weakened. The spot market supply is relatively ample, leading to minor price concessions to facilitate transactions, resulting in a downward shift in price focus and continued weak trading activity. Currently, the market is mainly driven by macro sentiment, with a relatively strong mentality. However, from a fundamental perspective, there has been no significant change in supply, and pressure remains, while demand is recovering slowly and is unlikely to generate effective upward momentum. Therefore, a slight consolidation is expected to be the main trend. The HDPE market price fluctuated by -5 to 6 yuan/ton, the LDPE market price by -1 yuan/ton, and the LLDPE market price by -7 yuan/ton. 3. Price Prediction Short term Within the period, the rebound in off-season demand was limited, downstream purchasing volume was small, maintaining just the necessary demand, the impact of news gradually faded, and the market sentiment turned weak. Therefore Polyethylene market priceOscillating downward Mainly.   PVC: Insufficient supply and demand expectations, PVC fluctuated and pulled back during the session. 1. Today's Summary ① Domestic PVC manufacturers have reduced ex-factory prices by 30-120 yuan/ton. The number of maintenance enterprises has rapidly decreased in the short term, and the market supply is expected to increase quickly. The Politburo meeting reiterated its determination to "combat involution": promoting capacity management in several key industries, with the Producer Price Index (PPI) expected to recover in the second half of the year. 2 Spot Market Overview Based on the Changzhou market in East China, today the spot cash warehouse pick-up price for acetylene-based PVC type 5 in East China is 4,920 yuan/ton, down 30 yuan/ton compared to the previous trading day. 。 The domestic PVC spot market price focus fluctuated lower. In the absence of policy or macro expectations for support, market prices returned to fundamentals. During the week, upstream PVC supply steadily increased, while demand improvement was limited. Industry inventory continued to accumulate for over five weeks, putting pressure on spot prices. In East China, the carbide method type five spot cash delivery was at 4,820-5,000 yuan/ton, while the ethylene method was stagnant at 4,950-5,200 yuan/ton. 3、Price forecast From a fundamental perspective, next week the maintenance efforts of domestic PVC producers will ease, with the scale of new maintenance lower than the scale of restarts and new capacity additions, leading to a continuous increase in production. Domestic demand remains in the off-season, and new export orders are limited due to weak off-season demand and the impact of policies in India. Industry inventory is expected to continue accumulating, putting downward pressure on spot prices. Considering there is no short-term policy stimulus, the spot market is expected to fluctuate and decline. It is forecasted that the cash price for the five-type calcium carbide-based PVC in East China will be in the range of 4,750-4,900 yuan/ton.   PS: Raw material prices slightly weaken, market lowers prices to clear inventory. 1 Today's Summary Today, the GPPS in East China stabilized at 7,830 RMB/ton. On Friday, the East China styrene market fell by 25 to close at 7,350 yuan/ton, South China fell by 20 to close at 7,415 yuan/ton, and Shandong fell by 15 to close at 7,190 yuan/ton. 2 Spot Overview Table 1 Domestic PS Price Summary (Unit: RMB/ton) Market Specifications Today's Price Change in Value Percentage Change Ningbo East China GPPS - Green Anqingfeng 7830 0 0% Yuyao East China HIPS - Saibao Long 8680 -20 -0.23% Shantou South China GPPS - Renxin 7550 -30 -0.4% Shantou South China HIPS-Starshine 8470 0 0% According to Longzhong Information, the East China GPPS price remained stable at 7,830 yuan/ton today.The upstream styrene market shows a weak trend with moderate cost support. Industry supply has slightly recovered, while downstream demand remains sluggish. Market transactions are average, with price reductions being the main strategy for sales. 3 Price Prediction The raw material styrene is oscillating at a low level, with moderate cost support. Industry output has slightly recovered from a low level, and downstream demand is primarily driven by rigid demand purchases. In the short term, the PS market is expected to remain weak and consolidate. It is anticipated that the price of styrene monomer in the East China market will range between 7,800 and 8,700 yuan per ton.   PP: The domestic PP market slightly softened. 1 Today's Summary The domestic PP market showed slight weakening today, with prices falling by 10-30 yuan/ton. The PP futures fluctuated weakly, suppressing the spot market sentiment. Traders mainly focused on active selling, with quotations easing by 10-30 yuan/ton. Downstream purchasing intentions remain low, with actual transactions mainly centered on negotiations. In some regions, low-priced deals were relatively acceptable.   ABS: The ABS market showed steady and slight movements today. 1 Today's Summary Today, the ABS market remained generally stable with minor fluctuations. Styrene futures fluctuated and declined during the day, leading to more cautious sentiment among market participants. Some traders were inclined to increase sales volume, but actual operations followed market trends. Overall, downstream replenishment was limited, and some sellers faced pressure to move inventory. The mainstream price of domestic materials is 9,150-10,400 RMB/ton, with prices for general injection molding grade in East China and South China at 9,900-10,050 RMB/ton and 9,600-10,150 RMB/ton, respectively.   Engineering materials PC: The market is quiet and weak. 1 Today's Summary Thursday International Crude Oil Decline ， ICE Brent crude oil futures September contract at 72.53 USD/barrel, down 0.71 USD/barrel. ②、 The closing price of raw material bisphenol A in the East China market is 8,000. Yuan/ton, stable compared to the previous period. As the weekend approaches, there have been no new ex-factory price adjustments from domestic PC manufacturers. 2 Current Spot Overview The domestic PC market in China operated with weak consolidation today. By the afternoon close, the mainstream negotiation reference for low-end injection molding grades in East China was 10,250-13,750 yuan/ton, while mid-to-high-end grades were discussed at 14,500-15,300 yuan/ton. The mainstream focus remained roughly stable compared to yesterday, with individual prices slightly lower by 50 yuan/ton. As the weekend approaches, there are no new factory pricing adjustments from domestic PC manufacturers, and the overall industry sales situation remains weak. Looking at the spot market, East and South China are primarily experiencing a stalemate. Although current PC prices have essentially hit historical lows, and upstream raw materials have been continuously rising recently, the market sentiment remains uninspired. The intense supply-demand contradiction in the industry persists, with many stockholders maintaining a wait-and-see attitude and continuing to be bearish. The downstream buying demand remains unchanged, and trading remains sluggish. 3 Price Forecast Approaching the weekend, domestic PC news is relatively quiet, with factories showing no new price adjustment updates. The limited increase in raw material bisphenol A offers little boost to PC market sentiment, leading to a predominantly weak and low-level consolidation. Looking ahead to next week, strong supply and demand pressures will continue to be the main factors driving the PC market direction. It is expected that the domestic PC market will maintain a sluggish trend, with attention focused on the latest factory price adjustment updates early in the week.   PET: Polyester Bottle Chip Market Prices Decline 1 Today's Summary ① Factory quotes decreased by 40-100. (Unit: Yuan/Ton) ②. Today, the domestic polyester bottle chip capacity utilization rate is 70.89%. 2 Spot Market Overview Table 1: Summary of Domestic Polyester Bottle Chip Prices (Unit: Yuan/Ton) Market Specification 7 31st of the month August 1st Change in value Change Percentage East China Aquarius-class 5990 5950 -40 -0.67% South China Aquarius-class 6050 6000 -50 -0.83% North China Aquarius-class 5960 5920 -40 -0.67% Based on the East China region, today's spot price for polyester bottle-grade flakes settled at 5,950, down 40 from the previous working day, in line with the morning expectations. Crude oil and raw materials declined, polyester bottle chip factory prices were reduced by 40-100, with transactions for August-September sources at 5970-6000. Downstream and traders took advantage of low prices to replenish stocks. The market focus subsequently declined, it is heard. August supply traded at 5890-6000 or futures contract 2509 with a discount of 20 to a premium of 60, September supply traded at 5890-5960, with significantly improved trading activity. (Unit: yuan/ton) 3. Price Prediction On the supply side, there are currently no facilities restarting, and the supply remains stable. On the demand side, downstream maintains just-in-time replenishment, with the replenishment pace keeping to a strategy of restocking when prices are low. The spot market is relatively well-supplied, and under the pressure of raw material costs, the polyester bottle chip market may remain sluggish. It is expected that next week the spot price for polyester bottle chip water bottle grade in the East China market will be 5900-6000 yuan/ton. Attention should be paid to changes in raw materials.   PBT: Raw materials both decline, PBT market operates sluggishly. 1 Today's Summary The PBT manufacturer's quotation remains stable. ② There are fewer PBT unit maintenance activities this week. ③ The PBT output for this period was 22,600 tons, a decrease of 500 tons from the previous period, representing a drop of 2.16%. The capacity utilization rate was 53.14%, down 1.32% from the previous period. This week, the average gross profit of domestic PBT is -548 RMB/ton, a decrease of 44 RMB/ton compared to the previous week. 。 2 Spot Market Overview Table 1 Domestic PBT Price Summary (Unit: Yuan/Ton) Market Specification 2025/07/31 2025/08/01 Change in Value Change Percentage East China Medium-low viscosity pure resin 7800-8300 7800-8300 0/ 0 0%/ 0% Key upstream East China PTA 4826 4740 -86 -1.78% East China BDO (Sprinkling water) 8100-8200 8000-8200 -100 / 0 -1.23% / 0% Data source: Longzhong Information   Based on the East China region, today's mainstream price for low to medium viscosity PBT resin is between 7,800 and 8,300 yuan per ton, remaining stable compared to the previous working day.Today, the PBT market is weak and cautious, the PTA market is under pressure and declining, and the BDO market continues to explore lower levels. The raw material side continues to weaken, the PBT market remains weak and cautious, with an increasing willingness to trade at low prices, and the market sentiment is predominantly weak. According to Longzhong Information, the price of medium- and low-viscosity pure PBT resin in the East China market is 7,800-8,300 yuan/ton. 3 Price prediction The PBT market is expected to experience weak fluctuations. On the raw material side, multiple domestic PTA facilities are undergoing maintenance, leading to a significant reduction in supply. However, the demand side is underperforming, with average production and sales activities in polyester companies, coupled with weakening trends in raw materials, resulting in the PTA spot market maintaining a weak pattern in the short term. For BDO, supply and demand pressures persist for next week, and there is a strong cautious bearish sentiment among industry players. Downstream businesses are following up as needed, and holders are maintaining a selling mindset, causing the market focus to shift towards the low-to-mid-end range. The continuous weakening of support from the raw material side adversely affects the PBT market sentiment, and there may be an increase in supply-side discount selling operations. Consequently, the market focus is expected to exhibit weak fluctuations. Therefore, Longzhong anticipates that next week the price of low-viscosity PBT resin in the East China market will be in the range of 7,700-8,200 yuan/ton.   PMMA: The PMMA market operates steadily with a lukewarm tone. 1 Today's Summary ①、 Today, the PMMA particle market remains stable. ② The utilization rate of domestic PMMA particles remains at 64% today. 2 Spot Overview As of today, PMMA particles in the East China region closed at 13,000 yuan/ton, stable compared to the previous working day, in line with the morning forecast. Intraday, MMA feedstock prices saw a narrow increase, but cost support remained limited. Downstream buying interest was not high, and trading sentiment showed no improvement. Holders offered prices in line with the market, while participants maintained a strong wait-and-see attitude. Actual transaction prices fluctuated within a range, with low prices heard in the market. 3 Price prediction The upward momentum on the raw material side is limited, and the market is mainly characterized by a wait-and-see attitude and stalemate. Downstream end-users are only maintaining procurement based on rigid demand. The current market price has fallen close to the bottom price; hold the inventory. Low willingness to underreport commercial value. The on-site real trade transaction needs to be conducted. The downward range of PMMA will narrow in the short term.   POM: Fundamental support, market fluctuates and moves higher 1. Today's Summary ① Domestic material manufacturers currently have no inventory pressure. ②. There are frequent price-supporting actions in the market. 2 Spot Market Overview Table 1 Summary of Domestic POM Prices (Unit: Yuan/Ton) market Specification July 31 August 1st Change in Value Change in Price Range Yuyao Yuntianhua M90 11000 11000 0 0.00% Dongguan Yuntianhua M90 10000 10000 0 0.00% North China Yuntianhua M90 11000 11000 0 0.00% Data Source: Longzhong Information In the Yuyao area as a benchmark, today's Yuntianhua M90 is priced at 11,000 yuan/ton, with the price remaining stable compared to the previous period.Today, the POM market experienced mixed fluctuations. The fundamentals provided strong support, leading to an increase in the ex-factory prices of domestic materials. The mainstream quotations remained relatively firm, with some grades rising slightly by around 100 yuan/ton. Imported materials continued to decline, with some dropping by 200-300 yuan/ton. By the end of the trading session, the tax-inclusive price of domestic POM in the Yuyao market ranged from 8,100 to 11,200 yuan/ton, while the cash price of POM in the Dongguan market ranged from 7,300 to 10,400 yuan/ton. 3. Price Forecast This week, various manufacturers have collectively released their inventories, and the ex-factory prices of some domestic materials have been collectively raised. This has generally boosted traders' confidence, and the market trend is relatively firm. Some offers may continue to rise. End-users tend to buy when prices are rising and hold off when they are falling, with some engaging in replenishment as needed. However, given the insufficient operating rates of downstream factories, purchasing follow-up is relatively limited. Longzhong expects that the domestic POM market will run relatively strong in the short term.   PA6: The raw material market remains strong; the PA6 market is rising. 1 Today's Summary Sinopec high-end caprolactam settlement price for July 2025 is 9,060 RMB/ton (liquid premium grade, six-month acceptance self-pickup), down 660 RMB/ton compared to the June settlement price. Sinopec has increased the price of pure benzene by 100 RMB/ton at its refineries in East and South China, implementing a new price of 6,050 RMB/ton, effective from July 29. 2 Spot Overview Table 1 Summary of Domestic Polyamide 6 Prices (unit: RMB/ton) Market Specification 7 31st of the month August 1st Change in Value Payment Terms Polyamide 6 regular spinning chips Factory Price (Standard) 9100-9400 9150-9550 +50/+150 Cash Ex-factory Ex-factory price (high-end) 9300-9800 9400-10000 +100/+200 Cash factory delivery East China Market (General) 9300-9600 9350-9750 +50/+150 Delivered to East China East China Market (High-end) 9300-9800 9400-10000 +100/+200 East China Self-Pickup Polyamide 6 high-speed spinning chips East China Spot (Ordinary) 9200-9400 9300-9500 +100/+100 FOB (Free on Board) East China Spot (Premium) 9600-9900 9800-10200 +200/+300 Acceptance received Key upstream Caprolactam East China 8975 8975 0 Accepted and Delivered Data source: Longzhong Information Today, the market price of polyamide 6 has increased. The supply of raw material caprolactam has decreased locally, and market prices remain strong. With losses in slice profits and high cost pressures, polymerization enterprises have followed suit by raising slice prices. However, downstream sentiment is gradually becoming cautious, and overall market transactions are moderate. In East China, regular spinning PA6 is priced at 9350-9750 CNY/ton for cash and short delivery, while high-speed spinning spot is at 9800-10200 CNY/ton for acceptance delivery. In Chaohu, the cash pick-up price is 8700-8800 CNY/ton. 3 Price prediction From the cost perspective, the caprolactam market is experiencing significant cost and supply pressure, which may lead to a continued firm market trend, and pressure on slice costs still exists. From the supply and demand perspective, the operating rate of domestic polymerization enterprises is slowly increasing, with plans for new capacity to be introduced, indicating ample supply. However, downstream sentiment is becoming cautious, and it is expected that the PA6 market will see slight adjustments in the near future.   PA66: Fundamentals remain stable, market consolidates and operates steadily. 1 Today's Summary ①, 7/31: OPEC+ may continue to increase production significantly in September, leading to profit-taking by traders and a drop in international oil prices. NYMEX crude oil futures for the September contract fell by $0.74 to $69.26 per barrel, a decrease of 1.06% compared to the previous period; ICE Brent crude futures for the September contract fell by $0.71 to $72.53 per barrel, a decrease of 0.97% compared to the previous period. China's INE crude oil futures main contract 2509 rose by 8.2 to 532 yuan per barrel, but fell by 3.8 to 528.2 yuan per barrel in the night session. Today, the domestic PA66 operating rate is 60%, with a daily output of about 2,300 tons. Under cost and demand pressure, the operating rate of domestic PA66 polymerization enterprises remains stable. However, downstream demand is average, and the supply of PA66 in the domestic market is sufficient. 2 Spot Overview Table 1: Summary of Domestic PA66 Prices (Unit: RMB/ton) Market Specifications 7 Month 31 Day August 1 Change in Value Change in Price Percentage East China EPR27 15600 15600 0 0% Key Upstream East China Adipic acid 7100 7125 +25 +0.35% Data source: Longzhong Information Based on the Yuyao market in the East China region, today's EPR27 market price is referenced at 15,500-15,700 RMB/ton, stable compared to yesterday's price. 。 The raw material adipic acid has been rising with fluctuations, keeping cost pressures high. Downstream buyers are mainly purchasing as needed, market supply is ample, and the market is operating in a consolidating manner. 3 Price Prediction The pressure on costs remains unabated, downstream purchasing is on-demand, and the market supply is ample. It is expected that the domestic PA66 market will stabilize in the short term.

1 Today's Summary ①、On July 31, OPEC+ may continue to increase production significantly in September, leading traders to take profits and causing international oil prices to decline. NYMEX crude oil futures September contract fell by $0.74 per barrel to $69.26, down 1.06% month-on-month; ICE Brent crude futures September contract dropped $0.71 per barrel to $72.53, down 0.97% month-on-month. China's INE crude oil futures main contract 2509 rose 8.2 to 532 yuan per barrel, then fell 3.8 to 528.2 yuan per barrel in the night session. ②. Today, the domestic PA66 capacity utilization rate is 60%, with a daily production of approximately 2,300 tons. Despite cost and demand pressures, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, downstream demand is average, and the domestic PA66 industry has an ample supply of goods. 2 Spot Overview Table 1 Summary of Domestic PA66 Prices (Unit: RMB/ton) Market Specification 7 31st of the month August 1st Change in Value Price Change Range East China EPR27 15600 15600 0 0% Key upstream East China Adipic acid 7100 7125 +25 +0.35% Data source: Longzhong Information Based on the Yuyao market in East China, today's EPR27 market price is referenced at 15,500-15,700 RMB/ton, remaining stable compared to yesterday's price. 。 The raw material adipic acid fluctuated and rose, with cost pressure remaining high. Downstream buyers mostly purchased as needed, and the market supply was ample, leading to a stable market operation. Figure 1 Domestic PA66 Price Trend Chart in 2025 (RMB/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 PA66 enterprises' capacity utilization rate is about 60%, and the industry's supply of goods is stable. In terms of profit, the raw material adipic acid is fluctuating higher, resulting in significant cost pressure. The domestic PA66 market price is running in an adjusted manner, and the market continues to experience a loss situation. Figure 5: Trend of Domestic PA66 Capacity Utilization Rate for 2024-2025 Figure 6 Comparison Chart of Domestic PA66 Profit and Price in 2025 (Yuan/Ton) Source of data: Longzhong Information Data source: Longzhong Information 4 Price prediction The pressure on costs remains unchanged, and downstream purchases are made as needed.Market supply is sufficient. The domestic PA66 market is expected to consolidate in the short term. 5 Relevant Product Information Butadiene Market: In the central Shandong region, the mainstream delivery price of butadiene is around 9,200 yuan/ton, with a month-on-month increase of 50. Supplier prices remain stable, supporting firm offers from intermediaries. Some downstream buyers are gradually following up on demand. The information on the supply side remains unclear for the future, so sellers have no intention to lower prices for now. Adipic Acid Market: The reference price for adipic acid in the East China market is 7,000-7,200 RMB/ton delivered on acceptance, remaining stable compared to yesterday.Adipic Acid MarketHigh-level fluctuations. Benefits on the supply side still exist, and middlemen are offering firm prices at high levels. The intention to buy from the terminal market is generally weak, and actual transactions remain to be observed. 6 Data Calendar Table 2 Overview of Domestic PA66 Data (Unit: 10,000 Tons) Data Release Date Previous Data The trend for this period is expected Capacity Utilization Rate Thursday 11:30 AM 60% → Weekly Output Thursday 4:00 PM 1.59 → Data Source: Longzhong Information Remarks: 1 “↓↑” are regarded as significant fluctuations, highlighting data dimensions with a change rate exceeding 3%. 2 Interpret ↑ and ↓ as narrow fluctuations, highlighting data with price changes within 0-3%.