HMDA Price Trend and Forecast 2026-2027

Nobody's disputing that Germany is the expensive place to buy HMDA right now, and the gap only got wider this year: USD 3,850/MT in Q1 climbing to USD 4,230/MT by Q2, a 9.8% jump, as benzene and adiponitrile costs kept rising on the back of Middle East supply trouble and nylon 6,6 orders from automakers didn't slow down one bit. It's a similar story everywhere else. The global figure went from USD 2,420/MT to USD 2,710/MT, up 12.0%. For the second half, a range of USD 2,600 to 2,950/MT looks reasonable, assuming feedstock costs stay where they are and nylon 6,6 demand keeps its current momentum. As for the compound itself: HMDA is a six-carbon diamine, made mostly by hydrogenating adiponitrile, and adiponitrile in turn comes from either butadiene or benzene depending on which route a given producer runs. Polymer-grade material goes almost entirely into nylon 6,6, paired with adipic acid, while technical grade ends up in epoxy curing agents and polyurethane crosslinkers. Nylon 6,6 is really the whole story on the demand side, automotive plastics, industrial fibres, high-performance connectors, and coatings and adhesives pick up whatever volume is left. Prices move on three things mainly: benzene and adiponitrile costs, how much automakers are leaning into lightweighting, and how hard nylon 6,6 plants are running.

HMDA Price Forecast for 2026

H2 should stay firm, there's not much reason to expect a pullback. The feedstock pressure that built through Q1, benzene and adiponitrile still sitting well above where they started the year, hasn't eased off. Layer on steady automotive lightweighting demand and full nylon 6,6 compounding lines, and producers have little incentive to discount anything.

Another disruption to benzene or adiponitrile supply would push costs above this range quickly. Feedstock is the lever that matters most here. A real slowdown in global auto production, or new adiponitrile-HMDA capacity coming online faster than the market expects, would loosen the current tightness and bring prices down.

For the Quarter Ending June 2026

HMDA Prices Q2 2026:

• China: 2,318 USD/MT
• Germany: 4,230 USD/MT
• United States: 3,152 USD/MT
• India: 2,716 USD/MT
• Southeast Asia: 2,498 USD/MT

HMDA Prices in China

Up 10.6% to USD 2,318/MT from USD 2,096/MT. Still the cheapest market on this list, but the gap to everyone else keeps shrinking.

Why did the price of HMDA change in Q2 2026 in China?

Domestic producers kept raising prices as benzene and adiponitrile costs, still elevated from the Q1 disruption, worked their way through the system slowly rather than all at once. Buyers in automotive and textile compounding weren't pushing back much, which gave those increases room to stick.

HMDA Prices in Germany

USD 4,230/MT, up 9.8% from USD 3,850/MT. Germany remains the priciest HMDA market by a wide margin, and this quarter widened that gap further.

Why did the price of HMDA change in Q2 2026 in Germany?

European benzene and energy costs simply never came back down, the Middle East disruption hadn't cleared the system yet. Automotive OEMs kept ordering nylon 6,6 at their usual pace, so there was no real resistance to the higher pricing.

HMDA Prices in United States

USD 3,152/MT, up 9.7% from USD 2,874/MT in Q1.

Why did the price of HMDA change in Q2 2026 in United States?

Domestic benzene tracked the broader crude-linked rally through the quarter. Demand from automotive and electrical connector makers held firm, so the higher costs passed through without much friction.

HMDA Prices in India

USD 2,716/MT, up 9.6% from USD 2,478/MT. This one's mostly an import-cost story rather than anything happening on the demand side.

Why did the price of HMDA change in Q2 2026 in India?

Benzene and adiponitrile import costs kept climbing as the broader feedstock squeeze dragged on. India's nylon 6,6 compounding capacity kept expanding regardless, which is really what kept demand solid through it all.

HMDA Prices in Southeast Asia

USD 2,498/MT, up 9.8% from USD 2,276/MT, tracking the region's feedstock trajectory closely.

Why did the price of HMDA change in Q2 2026 in Southeast Asia?

Regional benzene and adiponitrile import costs stayed elevated the whole quarter. Textile and fibre producers bought at a steady clip throughout, this was purely a cost-driven move rather than a demand-driven one.

For the Quarter Ending March 2026

HMDA Prices Q1 2026:

• China: 2,096 USD/MT
• Germany: 3,850 USD/MT
• United States: 2,874 USD/MT
• India: 2,478 USD/MT
• Southeast Asia: 2,276 USD/MT

HMDA Prices in China

China jumped 24.1% to USD 2,096/MT from USD 1,689/MT in Q4, one of the sharper moves in this entire report.

Shipping disruptions through the Strait of Hormuz squeezed regional benzene and adiponitrile supply, and China's leading producers responded with a string of monthly price hikes rather than one big jump.

Downstream buyers in PA66 and nylon 6,6 kept ordering right through it. That kind of steady demand is exactly what let producers pass the higher costs straight along instead of eating any of it themselves.

Why did the price of HMDA change in Q1 2026 in China?

Strait of Hormuz disruptions drove benzene and adiponitrile costs up sharply. Firm downstream demand meant producers could pass those costs through cleanly.

HMDA Prices in Germany

The steepest jump of any market here, up 22.4% to USD 3,850/MT from USD 3,145/MT, and Germany kept its position as the priciest region tracked.

The same Middle East disruption that hit China's supply chain also cut into European feedstock and crude flows, hitting the continent's integrated producers hard.

What made the increase stick was resilient demand, automotive OEMs and industrial coating buyers kept ordering nylon 6,6 and crosslinking materials without slowing down, so producers could pass the full cost through.

Why did the price of HMDA change in Q1 2026 in Germany?

Middle East disruptions pushed European benzene costs up sharply. Resilient OEM and coating demand let producers pass the full increase along.

HMDA Prices in United States

Up 21.9% to USD 2,874/MT from USD 2,358/MT in Q4.

Domestic benzene tracked the global crude-linked spike, raising costs for US producers running integrated adiponitrile-HMDA operations.

Steady buying from automotive and electrical connector manufacturers absorbed that increase without much pushback, which is really the whole explanation for how the market got to USD 2,874/MT so cleanly.

Why did the price of HMDA change in Q1 2026 in United States?

The global feedstock spike drove domestic benzene costs up. Steady offtake from automotive and connector manufacturers absorbed the increase.

HMDA Prices in India

Up 22.7% to USD 2,478/MT from USD 2,019/MT in Q4.

Landed costs for Indian compounders and importers jumped as the global feedstock disruption raised benzene and adiponitrile prices everywhere.

What's worth noting is that demand didn't ease at all, growing domestic compounding capacity kept underlying buying firm the whole way through.

Why did the price of HMDA change in Q1 2026 in India?

Global feedstock disruptions raised landed import costs sharply. Growing compounding capacity kept demand firm rather than softening.

HMDA Prices in Southeast Asia

Up 22.6% to USD 2,276/MT from USD 1,857/MT in Q4.

The Middle East disruption hit regional benzene and adiponitrile import costs, which fed straight into the region's nylon 6,6 compounding hubs.

Textile and fibre producers here kept buying steadily despite the higher costs. That steadiness is really why the increase held rather than triggering any real pullback.

Why did the price of HMDA change in Q1 2026 in Southeast Asia?

The Middle East disruption pushed regional import costs up sharply. Steady buying from textile and fibre producers kept the increase in place.

Quarterly HMDA Price Trends

HMDA held fairly flat through the first three quarters of 2025, edged up modestly in Q4 as early automotive restocking picked up, then jumped hard in Q1 2026 once benzene and adiponitrile costs spiked, and kept climbing into Q2. USD 1,620/MT in Q2 2025, USD 1,680/MT in Q3, USD 1,790/MT in Q4, a surge to USD 2,420/MT in Q1 2026, then USD 2,710/MT in Q2. That's a 67.3% gain across the window, nearly all of it explained by feedstock volatility and firm nylon 6,6 demand.

What was HMDA Price in 2025?

2025 built slowly for HMDA. Nylon 6,6 demand kept recovering and benzene costs firmed a little every quarter rather than all at once. The global average opened near USD 1,540/MT in Q1 and closed the year at USD 1,790/MT, up 16.2%. In hindsight, that gradual climb in feedstock costs is exactly what set up the much sharper surge once the Q1 2026 disruption hit.

HMDA Prices in China in 2025

China moved from about USD 1,420/MT to USD 1,689/MT by Q4, up 18.9%. PA66 compounding demand recovered steadily all year, but the real acceleration came in the back half, right as feedstock costs started climbing toward what became the early-2026 surge.

HMDA Prices in Germany in 2025

Germany climbed from USD 2,680/MT to USD 3,145/MT, up 17.4%. Energy costs stayed high throughout and automotive OEM demand kept recovering, with the sharpest jump landing in Q4 as benzene costs began tightening.

HMDA Prices in United States in 2025

The US rose from USD 2,010/MT to USD 2,358/MT, a 17.3% gain. Demand from automotive and connector manufacturers held steady while domestic benzene costs firmed gradually, and cost pressure built noticeably into the final quarter.

HMDA Prices in India in 2025

India moved from USD 1,720/MT to USD 2,019/MT, up 17.4%. Compounding capacity kept expanding and import costs rose right alongside it, with demand strengthening as domestic producers built out more automotive-grade lines.

HMDA Prices in Southeast Asia in 2025

Southeast Asia rose from USD 1,580/MT to USD 1,857/MT, also up 17.5%. Textile and fibre demand recovered well and benzene import costs firmed in step, reflecting the region's growing role as a compounding base for both domestic and export markets.

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Expert Market Research: Your Source for Real-Time HMDA Price Intelligence

There's a reason behind every HMDA price move, benzene costs, adiponitrile availability, how full nylon 6,6 order books are, and getting to that reason is the whole point of this coverage. We follow those levers across every major producing and consuming region rather than waiting for the number to change and explaining it after the fact. Contact the team for HMDA pricing data, tailored market analysis, or procurement advisory shaped around how you actually buy.