Polyamide 66 Daily Review: Insufficient Industry Confidence Market Oscillates

1 Today's Summary

①、 [LONGZHONG] April 23: Markets remain concerned about the prospects for U.S.-Iran negotiations, while the Strait of Hormuz remains obstructed, sustaining supply risks and pushing international oil prices higher. NYMEX crude oil futures (June contract) rose by USD 2.89 per barrel to USD 95.85, up 3.11% week-on-week; ICE Brent crude oil futures (June contract) rose by USD 3.16 per barrel to USD 105.07, up 3.10% week-on-week. China’s INE crude oil futures (June 2026 contract) rose by CNY 10.5 to CNY 636.1 per barrel, and gained CNY 11.7 to CNY 647.8 per barrel during the night session.

②. Today, the domestic PA66 production capacity utilization rate is 64%. The downstream sector is cautious about following high prices, leading to a supply-demand standoff.

③、 Invista (China) Investment Co., Ltd. (“Invista”) announces that, effective 7:00 a.m. on May 1, 2026, the spot trading price for Dytek® hexamethylenediamine (HMD) shall be RMB 27,000 per metric ton. This price includes value-added tax (VAT) and applies solely to HMD purchase contracts meeting specified quantity requirements, delivered under FCA terms from Invista’s Yinglong Plant.  

④, Invista (China) Investment Co., Ltd. Limited Company (Invista) announced that, starting from Starting at 7:00 a.m. on May 1, 2026 Model PA66 U4800 NC01 SS (7 Spot transaction price for nylon 6,6 polymer ("U4800") in 50 kg packaging 23000 Yuan RMB per ton. This price includes VAT and is applicable only for purchases exceeding a certain quantity under FCA terms from Invista Yingleng factory. U4800 Contract Order.

2 Spot Market Overview

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

Based on the domestic PA66 engineering-grade chip market, due to ongoing cost-side pressures, domestic PA66 plant quotations today are referenced at RMB 22,500–25,000 per ton, down approximately 3.06% from the previous trading day. 。 The raw material prices are weak and fluctuating, and the cost support is insufficient. The downstream of PA66 chips shows a clear resistance to high-priced supplies, andMarket general grade pellet bulk spot prices are lower than domestic factory quotations, refer to 21,000-22,500 yuan/ton, overall.Buyers are adopting a cautious and wait-and-see attitude, and the atmosphere for high-priced transactions in the market is lukewarm.

Figure 1 2022-2026 Domestic PA66 Price Trend Chart in China (RMB/ton)	Figure 2 2025-2026 Domestic PA66 Price Trend Chart in East China (RMB/ton)
Data source: Longzhong Information	Data Source: Longzhong Information

3 Production Dynamics

Today, the domestic polymerization capacity utilization rate for PA66 stands at approximately 64%. The industry expects a long-term reduction in supply, and enterprises currently face no significant inventory pressure. Regarding profitability, raw material cost pressures persist, and domestic PA66 remains unprofitable 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 (CNY/ton)
Data source: Longzhong Information	Data source: Longtou Information

4 Price Forecast

Raw material prices fluctuate, cost pressures persist, downstream demand remains relatively weak, and high-price sales are hindered by trial operations; market supply-demand competition intensifies, leading to a stalemate and volatility in the domestic PA66 market in the short term.

5 Related Product Information

Adipic Acid Market: As the benchmark market in East China, adipic acid closed today at RMB 8,950-9,050 per ton, declining from the previous price, in line with the morning's expectations. The domestic adipic acid market saw a downward trend today. At the beginning of the week, the market was dominated by an atmosphere of caution, with intermediaries following the market and trade quotations remaining stable. As the main manufacturers adjusted their guidance prices downward, some market participants turned pessimistic, and low prices began to be heard, with the spot quotation range softening. The end-user downstream sector showed increased caution, with only sporadic demand for the purchase of goods, and the actual transaction intention was weak, resulting in a quiet trading environment. The reference price in East China is RMB 8,950-9,050 per ton, with delivery by acceptance, and actual transactions can be negotiated.

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