In the past week (March 18 to March 24, 2026), the domestic PA66 market has shown an overall trend of high and strong fluctuations and upward movement, with the price center steadily rising. The market is in a stalemate of supply control, strong cost support, and weak demand waiting to see. Low price sources are gradually tightening, and the overall bargaining space is narrowing. Transactions are mainly based on small orders for essential needs. On March 24th, the benchmark price of PA66 by SunSirs was reported at 20,533.33 RMB/ton, an increase of 5.12% from 19,533.33 on March 18th.
In terms of cost: Recently, the geopolitical conflicts in the Middle East have continued, and international oil prices have fluctuated at high levels. In March, the execution price of hexamethylenediamine in NVIDIA China was raised to 22,000 RMB/ton, an increase of 4,200 RMB/ton from February; Adipic acid fluctuated at a high level within the week and slightly rose. On March 24th, the benchmark price of adipic acid in SunSirs was 10,433 RMB/ton, an increase of 1.29% from 10,300 RMB/ton on March 18th.
Supply side: Recently, the volume of imported goods has decreased compared to the same period last year. Coupled with the impact of high price expectations on traders, there is a strong sentiment of hoarding and reluctance to sell. Both manufacturers and traders have low overall inventory, and the market spot circulation is tight.
In terms of demand: Although most downstream textile industries have resumed work and production recently, their acceptance of the current high PA66 price is extremely low, and they have a strong wait-and-see attitude. They generally abandon the previous hoarding mode and instead adopt a small order procurement strategy of immediate use and procurement, only maintaining basic production and stocking, without centralized replenishment or large-scale procurement actions.
In the future, the PA66 market is likely to maintain a high and narrow range oscillation trend in the short term. The core logic is still that cost support is stronger than demand suppression, and prices are unlikely to experience significant unilateral fluctuations in the short term. Overall, stability is the main focus, with slight fluctuations. The follow-up market still focuses on the two core variables of changes in raw material costs and the progress of downstream terminal demand recovery.
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