In February 2026, the spot price of PA66 in China fluctuated slightly, and the market trading atmosphere showed periodic fluctuations due to the influence of the Spring Festival holiday. Downstream enterprises are gradually taking a holiday before the holiday, and the atmosphere for PA66 trading is lukewarm. After the holiday, resumption of work is slow, and the willingness to replenish goods is average. The continued rise in upstream raw material prices has led to a slight increase in the price of PA66. According to data monitoring by Business Society, the benchmark price of PA66 on February 27th was 15,766.67 RMB/ton, an increase of 1.28% from the price of 15,566.67 RMB/ton on February 1st. On a year-on-year basis, the price has decreased by 16.28% compared to February 28, 2025.

In terms of cost, the prices of adipic acid and hexamethylenediamine, the two core raw materials of PA66, rose simultaneously in February. According to the price monitoring of SunSirs, the average market price of adipic acid increased from 8,066.67 RMB/ton on February 1st to 8,400 RMB/ton on February 27th, with a monthly increase of 4.13%. Due to fluctuations in the supply of raw material adiponitrile, the price of hexamethylenediamine continues to rise. In February, NVIDIA China implemented a price increase of 300 RMB/ton compared to the previous month, with a price of 17,800 RMB/ton for hexamethylenediamine. The rising prices of two major raw materials have pushed up the production cost of PA66.

Supply side: Some PA66 polymerization factories reduced production and load during the Spring Festival in February, and gradually resumed work and production after the holiday, resulting in a slight tightening of overall supply. The inventory level of traders is moderate, with relatively sufficient spot supply and no obvious shortage or backlog.

On the demand side: Due to the impact of the Spring Festival holiday, the downstream spinning industry experienced a significant decline in operating load before the holiday, with light procurement demand. After the holiday, resumption of work and production was slow, and by the end of the month, it had not fully recovered to normal levels. The main focus was on essential procurement, and there was a weak willingness to stock up in bulk. Although there were replenishment operations, the overall willingness to catch up was limited.

In the future, it is expected that the PA66 market will maintain a stable and strong trend in the short term. Supporting factors: high prices of raw materials such as adipic acid and hexamethylenediamine; The downstream spinning industry is gradually resuming work and production, and the demand for essential procurement is gradually being released, providing support for prices. Suppressing factors: The pattern of overcapacity in the industry has not changed, and the pressure of long-term supply-demand imbalance still exists. Focus on the pace of downstream post holiday resumption of work and the trend of raw material prices.

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