China's Polyamide Market Stable in Early September with Equilibrium Fundamentals

Key Takeaways: A Market in Equilibrium

• Polyamide xx prices remained unchanged as producers faced no cost-push pressure and downstream demand stayed cautious. 
• Supply conditions were firm with steady plant operations and healthy inventories to counter a marginal decline in average utilization. 
• The automotive sector showed signs of recovery, but converters continued to favour short-term procurement strategies. 
• Export demand was uneven, with Southeast Asia and India offering some support, while Japan and South Korea remained weak. 
• Market participants are watching the seasonal “Golden September and Silver October” window for signs of Polyamide demand revival, though expectations remain conservative.

Polyamide Supply Snapshot: Steady Hands in a Softening Landscape

China&#xx;s Polyamide supply remained well-supported in early September, driven by stable plant operating rates and high inventory levels. While average capacity utilization among PAxx makers declined modestly, localized gains in throughput—particularly at Luxi Chemical—underpinned local supply....