Pa66 daily review: Market Trades Sideways Amid Profit-Taking

1 Today’s Summary

①、 March 16: The International Energy Agency (IEA) indicated it may release additional strategic reserves to alleviate market concerns over supply risks, leading to a decline in international oil prices. NYMEX crude oil futures (April contract) fell by USD 5.21 per barrel to USD 93.50, a decline of 5.28% week-on-week; ICE Brent crude oil futures (May contract) declined by USD 2.93 per barrel to USD 100.21, a week-on-week decline of 2.84%. China’s INE crude oil futures (May 2026 contract) rose by CNY 15.9 to CNY 770.4 per barrel, but dropped by CNY 50.3 to CNY 720.1 per barrel during the night session.

② Today, the domestic PA66 capacity utilization rate is 74%; downstream buyers procure according to demand, and market spot supply remains stable.

2 Spot Market Overview

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

Based on the Yuyao market in East China, the reference price for EPR27 today is RMB 18,500–19,500 per ton, remaining largely unchanged from the previous trading day. 。 Raw material prices remain high, with cost support stable. Downstream buyers are cautious in following high prices, and the spot supply is stable, with the market in a consolidating trend.

Figure 1 2022-2026 Domestic PA66 Price Trend Chart (Yuan/ton)	Figure 2 2025-2026 Annual domestic PA66 East China price trend chart (RMB/ton)
Data source: LZZS	Data source: Longzhong Information

3 Production Dynamics

Today, the capacity utilization of domestic PA66 enterprises is approximately 74%, the supply of industry resources is stable, and enterprises have no significant inventory pressure. In terms of profit, raw material prices remain high, leading to a large cost pressure, and PA66 is expected to continue to operate at a loss in the short term.

Figure 3 2025-2026 Domestic PA66 Capacity Utilization Rate Trend Chart	Figure 4 2025-2026 Domestic PA66 Profit and Price Comparison Chart (RMB/ton)
Data Source: Longzhong Information	Data source: LZZS

4 Price Forecast

Raw material prices fluctuate, cost pressures persist, downstream purchases according to demand, market spot supply, it is expected that the domestic PA66 market will operate on a stronger side in the short term.

5 , Relevant Product Information

Adipic Acid Market: Based on the East China market, adipic acid closed today at RMB 10,100–10,400 per ton, down from previous levels. , in line with morning expectations. Today, the domestic adipic acid market is experiencing a rational adjustment. The raw material end is showing a narrow fluctuation, and the cost support still exists. Suppliers have not yet provided clear signals, and the trading market remains indecisive. In a calm atmosphere, the quotations of the holders are slightly adjusted within a narrow range, with specific negotiations. Terminal operators continue to be cautious, mainly observing, with some essential demand entering the market with price pressure, shifting the negotiation focus slightly towards the lower end. The trading atmosphere is quiet. The reference price in East China is 10,100-10,400 RMB/ton with acceptance delivery, and actual deals can be negotiated.

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