[PA66 Daily Review] Cost Pressure Remains High, Market Consolidates

1 Today's Summary

①、 On September 4th, U.S. commercial crude oil inventories increased, and the market worried that OPEC+ would initiate a new production increase plan, leading to a drop in international oil prices. NYMEX crude oil futures for the October contract fell by $0.49 to $63.48 per barrel, a decrease of 0.77% compared to the previous period. ICE Brent crude futures for the November contract fell by $0.61 to $66.99 per barrel, a decrease of 0.90% compared to the previous period. China's INE crude oil futures for the 2510 contract fell by 8.2 to 483.6 yuan per barrel, and by 0.3 to 483.3 yuan per barrel during the night session.

Today, the domestic PA66 capacity utilization rate is 60%, with a daily output of approximately 2,350 tons. Despite cost and demand pressures, the capacity utilization rate of domestic PA66 polymerization enterprises remains stable. However, downstream demand is average, and the domestic PA66 industry has ample supply.

2 Spot Market Overview

Table 1: Domestic PA66 Price Summary (Unit: Yuan/Ton)

Based on the Yuyao market in the East China region, today's EPR27 market price is referenced at 15,000-15,200 RMB/ton, stable compared to yesterday's price. 。 Raw material prices are fluctuating, with stable cost support, but demand remains weak, leading to a narrow range market adjustment.

Figure 1 Domestic PA66 Price Trend Chart in 2025 (Yuan/Ton)	Figure 2 2025 Domestic PA66 East China Price Trend Chart (Yuan/Ton)
Data source: Longzhong Information	Source of data: Longzhong Information

3 Production Update

Today, the capacity utilization rate of domestic aggregation 66 enterprises is about 60%, and the industry's supply of goods is stable. In terms of profit, raw material prices have not fluctuated significantly, cost pressures remain unabated, the market is operating weakly, and the loss state continues.

Figure 5 Domestic PA66 Capacity Utilization Rate Trend Chart 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 raw material market is fluctuating, with relatively stable cost support. Downstream purchases remain based on rigid demand, and the spot supply in the market is stable. Industry sentiment is relatively cautious. It is expected that the domestic PA66 market will remain weak and stagnant in the short term.

5 Related Product Information

Adipic Acid Market: As a reference to the East China market, today's adipic acid closed at 7050-7150 RMB/ton, a decrease compared to the previous price, in line with the morning forecast. The domestic adipic acid market has seen a shift in focus. As the weekend approaches, traders' willingness to operate has weakened. In the morning session, the raw material benzene rose slightly, and traders cautiously maintained stable price ranges with minor fluctuations. By midday, with demand remaining sluggish, pessimism among traders became apparent, and the main price range loosened. End-user orders were average, clearing previous inventories, while market-buying maintained a just-needed strategy. Small-scale inquiries accompanied by price reductions were evident, with negotiation focus clearly shifting toward the lower end. East China reference: 7,050-7,150 RMB/ton, delivery with acceptance; actual orders are negotiable.

6 Data Calendar

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