SMIC(SH:600810) DT新材料·2026-01-04 01:36Core Viewpoint - The article emphasizes the need for the nylon 66 industry to return to rational investment, optimize capacity layout, and enhance technological competitiveness to achieve sustainable development and address potential market risks [1][2]. Industry Challenges - The nylon 66 industry is experiencing rapid capacity expansion due to breakthroughs in domestic production technology for key raw materials, specifically adiponitrile. However, it faces challenges such as overheating investments, intensified homogenization competition, and insufficient innovation [1]. - Structural imbalances in market supply and demand are evident, with a projected total production capacity of 1.5 million tons by the end of 2025, while domestic market demand is only about 800,000 tons, growing at an annual rate of less than 10% [1]. Development Initiative - The "Nylon 66 Industry High-Quality Development Initiative" was jointly signed by 11 companies, including Shennma Industrial Co., Ltd. and Huafeng Group Co., Ltd. This initiative aims to strengthen industry self-discipline, resist vicious price competition, and maintain a transparent and fair market environment [2][3]. - The initiative calls for scientific capacity regulation, rational investment principles, and the promotion of industrial cluster upgrades [2]. Technological Innovation - The initiative stresses the importance of technology-driven innovation, advocating for increased research and development investments in new processes, equipment, and high-performance nylon 66 grades [2]. - Companies are encouraged to collaborate with downstream sectors to develop high-performance modified nylon 66 and composite materials for emerging applications in sectors like new energy vehicles and 5G communications [2]. Sustainability and Quality - The initiative promotes a green and low-carbon transition, enhancing resource utilization efficiency and establishing a high-value recycling system for waste materials [2]. - It also emphasizes the need for a comprehensive quality standard system covering the entire product lifecycle and the implementation of a brand strategy focused on technology and quality [2].