[PA66 Daily Review] Fundamentals Stable, Market Consolidates

1 Today's Summary

①、On July 31, OPEC+ may continue to increase production significantly in September, leading traders to take profits and causing international oil prices to decline. NYMEX crude oil futures September contract fell by $0.74 per barrel to $69.26, down 1.06% month-on-month; ICE Brent crude futures September contract dropped $0.71 per barrel to $72.53, down 0.97% month-on-month. China's INE crude oil futures main contract 2509 rose 8.2 to 532 yuan per barrel, then fell 3.8 to 528.2 yuan per barrel in the night session.

②. Today, the domestic PA66 capacity utilization rate is 60%, with a daily production of approximately 2,300 tons. Despite cost and demand pressures, the capacity utilization rate of domestic polymer 66 enterprises remains stable. However, downstream demand is average, and the domestic PA66 industry has an ample supply of goods.

2 Spot Overview

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

Based on the Yuyao market in East China, today's EPR27 market price is referenced at 15,500-15,700 RMB/ton, remaining stable compared to yesterday's price. 。 The raw material adipic acid fluctuated and rose, with cost pressure remaining high. Downstream buyers mostly purchased as needed, and the market supply was ample, leading to a stable market operation.

Figure 1 Domestic PA66 Price Trend Chart in 2025 (RMB/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 domestic PA66 enterprises' capacity utilization rate is about 60%, and the industry's supply of goods is stable. In terms of profit, the raw material adipic acid is fluctuating higher, resulting in significant cost pressure. The domestic PA66 market price is running in an adjusted manner, and the market continues to experience a loss situation.

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

4 Price prediction

The pressure on costs remains unchanged, and downstream purchases are made as needed.Market supply is sufficient. The domestic PA66 market is expected to consolidate in the short term.

5 Relevant Product Information

Butadiene Market: In the central Shandong region, the mainstream delivery price of butadiene is around 9,200 yuan/ton, with a month-on-month increase of 50. Supplier prices remain stable, supporting firm offers from intermediaries. Some downstream buyers are gradually following up on demand. The information on the supply side remains unclear for the future, so sellers have no intention to lower prices for now.

Adipic Acid Market: The reference price for adipic acid in the East China market is 7,000-7,200 RMB/ton delivered on acceptance, remaining stable compared to yesterday.Adipic Acid MarketHigh-level fluctuations. Benefits on the supply side still exist, and middlemen are offering firm prices at high levels. The intention to buy from the terminal market is generally weak, and actual transactions remain to be observed.

6 Data Calendar

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