Price Trend

According to the data of the business associations’list, the domestic adipic acid Market in this week (9.16-20) is slightly higher than that in last week. Some distributors have raised their quotations. The market price has risen by about 100-200 yuan/ton, with a percentage increase of 0.95%. By the end of the weekend, the mainstream quotation was between 8400 and 8500 yuan/ton.

II. Analytical Review

This week, the adipic acid market has risen slightly. The market has now entered a stage bottom. The bottom-finding process has basically come to an end. The market has stabilized and the price has rebounded slightly, but the increase is very limited. This week, some distributors have raised their quotations by about 100-200 yuan/ton. The markets in eastern and southern China have increased slightly, but the market has increased slightly. The atmosphere is still slightly deadlocked. Distributors are mainly active in delivering goods. There is room for market concessions. At present, the downstream market has a heavy wait-and-see mentality. The “Golden Nine” market has not arrived as expected. At present, there is no centralized purchasing behavior in the market. Crude oil with upstream costs in adipic acid prices this week has been rising since mid-August, up more than 15%, according to business associations. This is also an important reason why adipic acid prices have stopped falling and steadily rebounded.

In addition, the supply side, the market supply is still ample, and many distributors said that the inventory pressure is greater, the plant start-up rate is higher, the market inventory and manufacturer inventory have risen. This week, distributors have been picking up goods, although the distributor increased the quotation, but there is a certain bargaining space for product inventory, market price quotation and actual. Price difference is still in stock. The quotations of distributors in North, East and South China have been adjusted to varying degrees. Maintaining stable prices in most areas is the main reason. The supply pressure is another important reason why adipic acid prices have not rebounded substantially.

In terms of demand, the downstream demand is relatively weak. The traditional “Golden Nine” market has not arrived as scheduled this year. The downstream start-up rate is still slightly inadequate. The start-up rate is basically around 50%. The upstream adipic acid has not been effectively boosted. According to the data of business associations, the domestic PA66 market in mid-September is also downward-oriented, and the price is mainly lower. Down, this week’s decline of 2.51%, the downstream general downturn is the main reason adipic acid difficult to get rid of the weak market.

3. Future Market Forecast

The analysts of adipic acid in the chemical branch of business association think that the bottom rebounds at present, but the strength is limited, the market performance is relatively rigid, the pressure of supply and demand is still on, the supply of adipic acid is excessive and the demand is weak. It is very difficult to improve the current situation in the near future. Therefore, the Business Association believes that adipic acid market may continue to maintain a narrow adjustment pattern in the short term. Love is hard to find.