The "anti-overcapacity" trend has finally reached the PA66 industry. On December 5, 2025, a crucial meeting for the industry's future – the "2025 Polyamide 66 Industry High-Quality Development Seminar" – was held in Beijing.
The meeting aimed to bring together key players in the industry to discuss development strategies. The seminar, themed "Optimizing Layout, Driving Innovation, and Building a New Ecosystem for the Nylon 66 Industry," invited leading domestic polyamide 66 manufacturers, senior experts and scholars, and representatives from the entire supply chain to discuss how the industry can shift from scale expansion to high-quality and sustainable development, and jointly explore a healthy and orderly future development path.
Important guests, including Mr. Sun Jie from the Industrial Department of the National Development and Reform Commission and Mr. Wu Jianyu from the Raw Materials Industry Department of the Ministry of Industry and Information Technology, attended the meeting, listened to industry reports, and engaged in in-depth discussions with company representatives, sending a clear signal from the national level that the government is concerned about the healthy development of the industry and is guiding the industry away from irrational competition.
Industry Dilemma: Breakthrough Growth and Severe Imbalance
Behind the meeting lies the industry's recent "two-sided" development. In recent years, my country's nylon 66 industry has made breakthrough progress, with the successful domestic production of the core raw material, adiponitrile, breaking the long-standing dependence on imports and driving explosive growth in production capacity. By the end of 2025, domestic nylon 66 polymerization capacity had climbed to nearly 1.5 million tons/year, with huge planned capacity for the future.
However, while achieving leapfrog development, the industry also faces serious challenges. In 2024, domestic nylon 66 consumption was approximately 750,000 tons, and the future average annual demand growth is expected to be less than 10%. The rapid expansion of production capacity and the relatively slow growth in demand have led to a serious supply-demand imbalance and increasingly prominent structural contradictions. This fundamental contradiction is directly reflected in market prices: since 2025, PA66 prices have shown a continuous unilateral downward trend. By the end of November, domestic spot prices had fallen to a historical low of 14,000-15,000 yuan/ton, plunging the entire industry into deep losses, and completely invalidating the traditional peak season pattern of "golden September and silver October." It is precisely this challenging backdrop that makes the convening of this meeting and the forging of consensus particularly urgent and crucial.
Meeting Consensus: Confronting Overcapacity Across the Entire Value Chain, Calling for Rationality and Collaboration
At the meeting, industry difficulties and the path to overcoming them became the core topics. Participating companies universally expressed deep concern about the "overcapacity across the entire value chain," from adiponitrile to polymers.
A representative from Shenma Industrial explicitly pointed out that the current market competition is extremely fierce, and product exports also face obstacles. They suggested classifying nylon 66 as a restricted industry to promote rational expansion and orderly competition. A representative from Huafeng Group analyzed that in the next five years, the superposition of overcapacity, low-price competition in the domestic market, and international policy barriers will create immense market competition pressure, urgently requiring the assistance of industry associations and the government to curb disorderly competition.