Recently, the “2025 Polyamide 66 Industry High-Quality Development Symposium” was held in Beijing, bringing together representatives from China’s leading manufacturing companies and industry stakeholders. Experts and scholars Gathering together under the theme of “Optimizing Layout, Driving Innovation, and Jointly Building a New Ecosystem for the Nylon 66 Industry,” we will collectively explore breakthrough paths for transitioning from scale expansion to high-quality development. As a leading enterprise in the domestic PA66 industry, Shenma Shares has clearly stated its stance against “involution,” suggesting that nylon 66 be designated as a restricted industry to promote rational expansion and orderly competition.

A Dual Game Between Growth Breakthroughs and Supply-Demand Imbalances  

In recent years, China’s PA66 industry has achieved a breakthrough—successfully localizing the key raw material, adiponitrile—thus completely breaking free from its long-term reliance on imports and directly propelling production capacity into a phase of explosive growth. By the end of 2025, domestic nylon 66 polymerization capacity had surged to nearly 1.5 million tons per year. Henan Shenma, Enterprises such as Shanghai Invista, China National Chemical Corporation, and Chongqing Huafeng form the core group driving production capacity.

However, in stark contrast to the surge in production capacity is the relatively sluggish growth in demand. In 2024, domestic consumption of nylon 66 was approximately 750,000 tons, and the projected average annual growth rate of demand over the coming years is expected to be below 10%. This severe imbalance between supply and demand is giving rise to increasingly acute structural contradictions.

Since 2025, the price of PA66 has been on a sustained, one-way downward trend. As of the end of November, domestic spot prices have fallen to a historic low of between 14,000 and 15,000 yuan per ton. Against this backdrop, “resisting internal competition and pursuing upgrading” has become an industry-wide consensus, with companies increasingly calling for solutions to the current predicament through rational competition, technological innovation, and collaborative efforts across the industrial chain.

Leading domestic PA66 manufacturers are speaking out.

Regarding the issue of homogeneous competition within the industry, a relevant official from Shenma Shares stated that the company has always adhered to R&D as its core driving force, stepping up investment in differentiated, high-performance products. We are deeply committed to advancing technological R&D, expanding into high-end applications, and strengthening collaboration across the industrial chain. Together with our industry partners, we are working to build a healthy and orderly new industrial ecosystem, thereby helping China’s PA66 industry secure a more competitive position in the global market.  

The participating companies reached a consensus.

Meeting The “Initiative for High-Quality Development of the Nylon 66 Industry” has been reviewed and adopted. At its core, the initiative clearly shifts the focus from mere scale expansion to value creation: First, it calls upon enterprises to comply with laws and regulations and firmly resist dumping at prices below cost, jointly safeguarding a reasonable pricing system; second, it urges companies to prudently assess investments based on genuine market demand, avoiding blind expansion and low-level redundant construction; third, it encourages increased investment in R&D to develop differentiated, high-performance products and to expand applications into emerging fields such as new-energy vehicles and high-end equipment. At the same time, it actively promotes industrial chain collaboration, green and low-carbon transformation, and global market deployment.

The initiative also calls on the association to establish and improve a comprehensive industry monitoring system, closely tracking developments in raw material supply, cost fluctuations, capacity utilization rates, market supply and demand, and price trends. It urges the timely release of industry market analysis reports, the creation of a communication and coordination platform among enterprises, and the prompt feedback of industry dynamics and policy demands to government regulatory authorities. This will provide data support and professional advice for the nation in formulating precise and effective industrial plans, environmental protection standards, and trade policies.

Fighting against involution doesn't mean halting development; rather, it means achieving high-quality growth in a more sustainable way. In the future, as the "Initiative for High-Quality Development of the Nylon 66 Industry" is put into practice and leading enterprises take the lead in driving the industry forward, the PA66 sector will gradually break free from the predicament of involution caused by homogeneous, scale-driven competition and shift toward a path of high-quality development centered on innovation and aimed at value creation. 。