Pa66 daily report: Rising Cost Pressure Drives Domestic PA66 Prices Higher

1 Today’s Summary

①、 3/3: Ongoing tensions among the United States, Israel, and Iran, coupled with the closure of the Strait of Hormuz, have intensified supply concerns, driving up international oil prices. NYMEX crude oil futures (April contract) rose by USD 3.33 per barrel to USD 74.56, a 4.67% increase week-on-week; ICE Brent crude oil futures (May contract) rose by USD 3.66 per barrel to USD 81.40, a 4.71% increase week-on-week. China’s INE crude oil futures (April 2026 contract) rose by CNY 51.4 to CNY 562.4 per barrel, and surged by CNY 78.7 to CNY 641.1 per barrel during the night session.

Domestic PA66 capacity utilization is 72% today, with slow recovery in downstream industries and stable market spot supply.

2 Spot Market Overview

Table 1 Summary of Domestic PA66 Prices (Unit: CNY/ton)

Taking the Yuyao market in East China as the benchmark, the reference price for EPR27 today is RMB 17,000–17,100 per ton, up RMB 400 per ton from the previous trading day, an increase of approximately 2.4%. 。 Raw materials adipic acid and hexamethylenediamine have risen in price, providing solid cost support; downstream demand remains at a level of procurement, and the market is operating on a relatively strong basis. 。

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

3 Production Dynamics

Today, the operating rate of domestic PA66 producers is approximately 72%, with stable supply and no significant inventory pressure for producers. In terms of profitability, feedstock prices remain high, resulting in substantial cost pressures, and PA66 continues to incur losses in the short term.

Figure 3 2025-2026 Domestic PA66 Capacity Utilization Trend Chart	Figure 4 2025-2026 Comparison Chart of Domestic PA66 Profit and Price (RMB/ton)
Data source: LSRN Information Center	Data Source: Longzhong Information

4 Price Forecast

Prices of raw materials hexamethylenediamine and adipic acid continue to rise, intensifying cost pressures. Market spot supply remains stable. Driven strongly by rising costs, domestic PA66 is expected to trend upward in the short term.

5 Relevant Product Information

Adipic Acid Market Based on the East China market, today's adipic acid closed at 8,600-8,800 yuan/ton, an increase from previous prices. , consistent with the morning’s expectations. Reference price for East China is 8600-8800 RMB/ton with acceptance delivery, negotiable for actual orders.

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