[PA66 Daily Review] Average Demand, Market Moves Sideways

1 Today's summary

①、 September 11: Market concerns over long-term supply surplus risks, combined with weakening U.S. demand, led to a decline in international oil prices. NYMEX crude oil futures October contract closed at $62.37 per barrel, down $1.30, a decrease of 2.04% compared to the previous period; ICE Brent oil futures November contract closed at $66.37 per barrel, down $1.12, a decrease of 1.66% compared to the previous period. China's INE crude oil futures October contract rose 3.7 to 489.4 RMB per barrel, then fell 7.1 to 481.6 RMB per barrel during the night session.

②. Today, the domestic PA66 capacity utilization rate is 60%, with a daily production of approximately 2,350 tons. Under cost and demand pressure, the capacity utilization rate of domestic polyamide 66 enterprises remains stable. However, the downstream demand is average, and the supply of PA66 in the domestic market is sufficient.

2 Spot Market Overview

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

Taking the Yuyao market in East China as the benchmark, today's EPR27 market price is quoted at 15,000-15,200 RMB/ton, remaining stable compared to yesterday. 。 Raw materials adipic acid and hexamethylenediamine are fluctuating, with stable cost support. Downstream buyers are purchasing as needed, and the overall industry sentiment remains cautious. Spot supply in the market is sufficient, and the market is operating with fluctuations.

Figure 1: Domestic PA66 Price Trend Chart in 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 capacity utilization rate of domestic polymer 66 enterprises is about 60%, and the supply of goods in the industry is stable. In terms of profit, raw material prices have not fluctuated much, cost pressures remain high, and the market is operating weakly, continuing the state of loss.

Figure 5: Domestic PA66 Capacity Utilization Rate Trend Chart for 2024-2025	Figure 6 Comparison of Domestic PA66 Profit and Price in 2025 (RMB/ton)
Data Source: Longzhong Information	Data source: Longzhong Information

4 Price Forecast

The cost pressure is relatively high, but the market supply is sufficient, and the demand side is sluggish. The industry sentiment is cautious, and it is expected that the domestic PA66 market will remain in a stalemate in the short term.

5 ============

Adipic acid market: In the East China market, adipic acid closed at 7000-7100 yuan/ton today, remaining stable compared to previous prices, in line with morning expectations. Today, the domestic adipic acid market remains stable within a specific range. The news is relatively quiet, and market participants maintain a relatively steady mindset. The trading atmosphere is calm, with holders making slight adjustments to their quoted prices. There is no improvement in demand orders, and the willingness to follow up is weak. Inquiries are made based on just-in-time needs, with bargaining prices focused on the lower end, and large orders are rarely heard of. East China reference price is 7000-7100 RMB/ton with acceptance delivery, negotiable for actual orders.

6 Data Calendar

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