[PA66 Daily Review] Cost Pressure Remains High, Market Temporarily Stable

1 Today's Summary

①、 On September 8th, OPEC+ plans for a relatively modest increase in production for October, and the risk of U.S. sanctions on some oil-producing countries persists, leading to a rise in international oil prices. NYMEX crude oil futures for the October contract rose by $0.39 per barrel to $62.26, a week-on-week increase of 0.63%. ICE Brent crude futures for the November contract increased by $0.52 per barrel to $66.02, a week-on-week increase of 0.79%. China's INE crude oil futures for the 2510 contract fell by 6.1 to 476.2 yuan per barrel, and increased by 4.0 to 480.2 yuan per barrel in the night session.

②. Today, the capacity utilization rate of domestic PA66 is 60%, with a daily output of approximately 2,350 tons. Under the pressure of costs and demand, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, the downstream demand side is average, and the domestic PA66 industry has a sufficient supply of goods.

2 Spot Overview

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

Based on the Yuyao market in the East China region, today's market price for EPR27 is referenced at 15,000-15,200 yuan/ton, stable compared to yesterday's price. 。 The raw materials adipic acid and hexamethylenediamine are experiencing fluctuating operations, with stable cost support. Downstream procurement is based on demand, and the overall industry sentiment is cautious. Market spot supply is sufficient, and the market is experiencing fluctuations.

Figure 1: 2025 Domestic PA66 Price Trend Chart (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 significantly, cost pressures remain high, the market is operating weakly, and losses continue.

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

4 Price Prediction

The raw material market is fluctuating, with downstream purchasing based on demand. The market has ample spot supply, and the industry sentiment is relatively cautious. It is expected that the domestic PA66 market will remain in a stalemate and undergo consolidation in the short term.

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

Adipic Acid Market: In the East China market, adipic acid is referenced at 7000-7100 yuan/ton delivered on acceptance, remaining stable compared to yesterday's prices. Today, the East China adipic acid market is experiencing a stalemate and consolidation. Demand is not meeting expectations, and with sluggish sales, intermediaries are making slight concessions to facilitate negotiations. End-users are entering the market with price pressures, and industry players are following market trends, with trading focus maintaining low-end fluctuations.

6 Data Calendar

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