- PA66 markets showed a clear correction during Q2 2026, with an early cost-driven surge giving way to sustained weakness as supply improved and buyers resisted higher offers.
- HMDA and adipic acid costs initially supported the market, but improving feedstock availability and lower upstream values reduced production-cost pressure through May and June.
- Automotive, textile and industrial demand remained subdued, while cautious procurement and rising resin availability accelerated the late-quarter decline.
Asia
In China, the average PA66 price was ~USD 2,620/MT in April and ~USD 2,372/MT in June, showing a decline of around 9%. India saw average PA66 prices decrease from ~USD 2,670/MT in April to ~USD 2,460/MT in June, a fall of nearly 8%. Asian PA66 markets strengthened sharply early in Q2 as tight HMDA availability and elevated adipic acid costs increased resin production expenses. The situation reversed through May and June as additional HMDA capacity entered operation and feedstock availability improved. At the same time, weaker textile, automotive and engineering-plastics demand led converters to limit inventories. Greater resin availability and falling production costs therefore pushed the market steadily lower toward quarter-end.
Europe
European PA66 markets remained comparatively firm during April as higher energy, freight and feedstock expenses lifted production costs. Adipic acid availability became an important factor after the European Commission imposed anti-dumping duties of 29.1%-42.3% on Chinese adipic acid in May. The measure restricted access to competitively priced imported feedstock and supported European replacement costs. However, weak automotive, textile and industrial demand prevented producers from fully passing these expenses downstream. As buyers maintained need-based purchasing and resisted additional increases, the market became more balanced during May and June despite the structurally higher regional cost base.
North America
In the USA, the average price moved from ~USD 2,707/MT in April to ~USD 2,527/MT in June, marking a decrease of about 7%. North American PA66 conditions softened as weak downstream purchasing outweighed higher manufacturing costs. Automotive and industrial users maintained cautious inventories, while improving global feedstock availability reduced concerns over replacement supply. Broader resin production costs remained elevated during May, but this was insufficient to sustain earlier PA66 values as demand remained restrained. Buyers therefore gained greater negotiating leverage through the latter part of the quarter.