[pa66 daily review] downstream purchases as needed, market steady

1 Today's Summary

①、 On August 26th, the market reassessed the progress of Russia-Ukraine peace talks, believing there is still an opportunity for easing geopolitical tensions, leading to a drop in international oil prices. NYMEX crude oil futures for the October contract fell by $1.55 per barrel to $63.25, a decrease of 2.39% compared to the previous period. ICE Brent crude futures for the October contract dropped by $1.58 per barrel to $67.22, a decline of 2.30% compared to the previous period. China's INE crude oil futures for the 2510 contract rose by 4.2 to 497.7 yuan per barrel, but fell by 10.9 to 486.8 yuan per barrel in the night trading session.

Today, the domestic PA66 capacity utilization rate is 62%, with a daily output of approximately 2,430 tons. Despite the cost and demand pressures, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, the demand from downstream is average, and the supply of goods in the domestic PA66 industry is sufficient.

2 Spot Overview

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

Based on the East China Yuyao market, today's EPR27 market price is referenced at 15,100-15,300 RMB/ton, stable compared to yesterday's price. 。 Raw material prices fluctuate, with stable cost support. Downstream purchases are made on demand, and market transactions are generally steady.

Figure 1: Domestic PA66 Price Trend Chart for 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 Status

Today, the domestic utilization rate of the aggregate 66 enterprises is about 62%, and the industry supply remains stable. In terms of profit, raw material prices have not fluctuated significantly, cost pressures remain high, and the market is operating weakly, continuing in a state of loss.

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 market supply is sufficient.Downstream demand is relatively weak.Operators lack confidence in the future market. The domestic PA66 market is expected to undergo weak adjustments in the short term.

5 The situation of related products

Butadiene Market: In the central Shandong region, the mainstream delivered price of butadiene is around 9,500 yuan/ton, a decrease of 50 yuan compared to the previous period. Downstream demand remains on a need-to-buy basis, and the market trading atmosphere is not favorable. Coupled with the late decline in downstream synthetic rubber prices, there are reports of slightly lower prices in the afternoon, which has led to a slight retreat in the transaction focus.

Adipic Acid Market: The East China market's adipic acid is referenced at 7150-7250 RMB/ton delivered on acceptance, maintaining stability compared to yesterday's price.Adipic Acid MarketQuietly observing. Holders are waiting for invoicing guidance, spot offer ranges remain stable, downstream players enter the market as needed, with small order inquiries accompanied by willingness to negotiate. The market focus has limited fluctuations, observing actual transactions.

6 Data Calendar

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