Pingmei Shenma hexanedinitrile project through: nylon 66 core raw material localization across the key inflection point.

1. to break the monopoly: from "all imports" to independent control

adiponitrile is the most critical upstream monomer in the nylon 66 industry chain, which is used to produce nylon 66 salt, nylon 66 fiber and high-performance engineering plastics, known as "industrial chip. For a long time, its production technology has been monopolized by a few European and American giants such as Invida and Aosheng. As the world's largest consumer of nylon 66, China is almost completely dependent on imports. Shenma's own demand alone is as high as 300000 tons per year, and the supply chain is highly fragile-once overseas devices are shut down or price linkage occurs, adiponitrile-hexamethylenediamine-PA66 will form a domino effect, impacting a wide range of downstream industries covering automobiles, electronics and industrial machinery.

On April 3, China Pingmei Shenma Group's 200000-ton/year (Phase I) hexanedinitrile project was fully completed, responding positively to this long-term pain point. Total Project Investment 1.874 billion yuan the use of the Group's independent research and development process, product purity. 99.9 percent the performance has reached the international leading level, with the comprehensive advantages of low cost, low energy consumption and high economy.

2. strategic depth: dual technical routes to build multiple safeguards

this connection is not a single point breakthrough, but an integral part of the systematic strategic layout of Pingmei Shenma.

On the "Esien" (hexanedinitrile) route, the group's 100000-ton/year plant has been put into operation in June 2025, and the 200000-ton/year phase II construction has been started simultaneously, with a total investment of nearly 1. phase II. 1 billion yuan, forward can be formed 300000 tons/year flat for capacity. In the amino hexanoyl route, the route to caprolactam as raw material, the process is shorter, lower investment, less energy consumption, is an important supplement to avoid the risk of traditional hexanedinitrile supply, Pingmei Shenma has been deeply cultivated for many years.

With the above layout, Pingmei Shenma became the world's only two core technologies of adiponitrile and aminocapronitrile the "two-wheel drive" pattern has significantly improved the anti-risk ability of nylon 66 raw material supply.

3. market reconstruction: supply and demand pattern changes, procurement strategy must be forward-looking adjustment

pingmei Shenma's breakthrough reflects the accelerated changes in the entire industry. At present, the domestic production capacity of adiponitrile has exceeded 800000 tons, the capacity under construction and proposed construction exceeds 3 million tons in terms of nylon 66, as of February 2025, the proposed domestic production capacity has reached 4.35 million tons the scale of industrial expansion is strong.

For overseas traders and supply chain practitioners, the following signals deserve special attention: first, China's import demand for adiponitrile will continue to shrink, and the price negotiation chips for long-term procurement contracts are shifting to buyers; Second, the downward trend of the price center of domestic adiponitrile and nylon 66 has emerged, and the pricing logic of the global market will be reconstructed accordingly. Third, Chinese enterprises with independent technology and vertically integrated production capacity, it is becoming a new competitive pole that cannot be ignored in the global nylon 66 industry chain.

For buyers who still rely on European and American suppliers, re-examining the supplier structure and laying out Chinese sources in advance is a pragmatic choice to deal with this trend.