[PA66 Daily Review] Downstream Procurement Based on Demand, Market Operating Steadily

1 Today's summary

①、 On September 26, the intensity of the Russia-Ukraine conflict has recently increased, raising market concerns about potential supply risks, leading to a rise in international oil prices. NYMEX crude oil futures for November contract rose by $0.74 to $65.72 per barrel, an increase of 1.14% compared to the previous period; ICE Brent crude oil futures for November contract rose by $0.71 to $70.13 per barrel, an increase of 1.02%. In China, INE crude oil futures for contract 2511 rose by 0.2 to 489.1 yuan per barrel, and in the night session, it increased by 5.9 to 495 yuan per barrel.

As of today, the domestic PA66 capacity utilization rate is 61%, with a daily production of approximately 2,400 tons. Under the pressure of costs and demand, domestic polymer 66 enterprises have made slight adjustments to their capacity utilization rates. The downstream demand is moderate, and new capacities are being gradually released, resulting in a sufficient supply of goods in the domestic PA66 industry.

2 Spot Overview

Based on the Yuyao market in the East China region, today's EPR27 market price is referenced at 14,800-15,000 RMB/ton, stable compared to yesterday's price. 。 The raw material adipic acid is weakly consolidated, with weak cost support. However, there is considerable polymerization pressure, and downstream buyers are cautious about following high prices. The market is operating in a narrow range of fluctuations.

Figure 1 Price Trend of Domestic PA66 in 2025 (CNY/Ton)	Figure 2 Price Trend of Domestic PA66 in East China for 2025 (Yuan/Ton)
Data source: Longzhong Information	Data source: Longzhong Information

3 Production Dynamics

Today, the domestic utilization rate of 66 polymer enterprises is about 61%, and the supply of goods in the industry is stable. In terms of profit, raw material prices have not fluctuated much, cost pressures remain, the market is running weakly, and the loss state continues.

Figure 5: Trend of domestic PA66 capacity utilization rate from 2024 to 2025.	Figure 6: Comparison of Domestic PA66 Profit and Price in 2025 (CNY/ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

4 Price Prediction

The demand side is generally stable, the market spot supply is stable, raw material prices are fluctuating, and the overall market fundamentals are trending towards stability. It is expected that the domestic PA66 market will fluctuate in the short term.

5 Related product information

Market for adipic acid: In the East China market, adipic acid is priced at 6800-7000 RMB/ton delivered on acceptance, stable compared to yesterday's price. Today, East ChinaAdipic Acid MarketTrading activity is light. As the holiday approaches, traders are less willing to enter the market. Those holding goods are following market trends, but there are few inquiries from the demand side, with only sporadic orders being followed up. The trading atmosphere is subdued.

6 Data Calendar

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