[PA66 Daily Review] Limited Demand, Market Runs Weak

1 Today's Summary

①、 On September 16, the ongoing Russia-Ukraine conflict continued to raise concerns in the market about potential supply risks, combined with the possibility of the Federal Reserve initiating interest rate cuts, leading to an increase in international oil prices. NYMEXCrude Oil FuturesThe October WTI crude oil futures settled at $64.52 per barrel, up $1.22, a 1.93% increase from the previous session; November ICE Brent crude oil futures settled at $68.47 per barrel, up $1.03, a 1.53% increase from the previous session. China's INE crude oil futures contract 2511 rose by 5.0 to 493.5 yuan per barrel, and increased by 7.7 to 501.2 yuan per barrel in the night session.

② Today, the domestic PA66 capacity utilization rate is 60%, with a daily output of approximately 2,350 tons. Under the pressure of costs and demand, the capacity utilization of domestic polymerized 66 enterprises remains stable; however, downstream demand is average, and the supply of PA66 products in the domestic market is sufficient.

2 Spot Market 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 14,900-15,100 yuan/ton, which remains stable compared to yesterday's price. 。 The raw materials adipic acid and hexamethylenediamine are fluctuating in operation, with cost support remaining stable. Downstream buyers purchase according to demand, the industry sentiment is generally cautious, market spot supply is sufficient, and the market is operating in a fluctuating manner.

Figure 1 Domestic PA66 Price Trend in 2025 (Yuan/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 capacity utilization rate of the polymer 66 industry is approximately 60%, with a stable supply of goods in the market. In terms of profits, raw material prices fluctuate little, cost pressures remain, and the market operates weakly, continuing to experience losses.

Figure 5: Trend Chart of Domestic PA66 Capacity Utilization Rate 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 prediction

The spot market supply is sufficient.Raw material prices are weakly fluctuating, with a lack of support from cost factors. Downstream purchasing is based on demand, and the overall industry sentiment remains cautious. It is expected that the domestic PA66 market will undergo weak consolidation in the short term.

5 Relevant product information

Adipic Acid Market: The reference price for adipic acid in the East China market is 6900-7100 RMB/ton, delivered and accepted. The lower end remains stable compared to yesterday's price.Adipic Acid MarketRange-bound consolidation. Market participants are increasingly conflicted due to the impact of low-priced supplies. Mainstream spot offers fluctuate within a narrow range, while demand remains cautious with buyers entering the market carefully. Small orders seek lower prices through negotiation, but actual transaction follow-up is weak.

6 Data Calendar

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