First, the price trend

According to the data of the business community’s big list, this week, the domestic market for adipic acid continued to fall and fall. The dealers’ quotations gradually lowered their prices. This week’s decline was 0.16%. At the beginning of the week, the average foreign exchange price of adipic acid was 10,600 yuan/ton. Left and right, the weekend fell to 10,500 yuan / ton.

Second, analysis and review

This week, the domestic adipic acid market continued its downward trend last week, and continued to fall mainly. The listing price of the manufacturers remained stable, but the inventory pressure gradually appeared, and the dealers’ quotations continued to loose, ranging from 100-200 yuan/ Up and down, the market price generally fell, the North China, East China, South China dealers offer down 200-300 yuan / ton, dealer inventory still showed some pressure, shipments also maintained a low level, the firm still There is a certain amount of room for discussion. In terms of supply and demand, the supply is relatively stable, the inventory of the manufacturers remains at the median level, and the dealers have sufficient supply. In terms of demand, downstream demand has not changed much, and demand growth has been relatively weak. The operating rate of PA66 manufacturers has remained low, and the operating rate is basically 5-6%. The upstream adipic acid has not formed a strong boost, and the market is still destocking. Cycle, some dealers have less supply, but also avoid market risks, because dealers’ profits are obviously compressed, and only low-cost shipments can alleviate certain pressures. As of now, the reference price of Shandong supply market is 10400-10600 yuan/ton. The general price in South China is 10,500-10,700 yuan / ton.

Third, the market outlook

The analysis of adipic acid analysts in the chemical industry branch of the business community believes that there is currently no strong factor. The upstream pure benzene is exhausted, and the supply and demand are not well supported. The market price still has room to continue to be explored. The dealer shipments have not improved, maintaining the previous level. The market is still in the inventory cycle, the manufacturers supply is sufficient, but the contradiction between supply and demand has not improved much, so there is still room for exploration in the later adipic acid market.