Adipic acid market trend chart

According to the data of the business club’s block list, in December, the domestic adipic acid market fluctuated downward. According to the monitoring, the samples generally had downward movements. Overall, the price fell by – 2.90%, and many regions were in the state of on-site or more, trading price for quantity. And most of the dealers’ quotation seems to be loose and limited, but the profit giving behavior continues, and East China, South China and other regions are cold. According to the monitoring of business association, the quotation range of adipic acid market is 7800-8300 yuan / ton.

In terms of market supply, in December, the operation rate of adipic acid manufacturers remained stable, about 80%. The market supply was relatively sufficient, and the inventory pressure of manufacturers was acceptable. At present, there are signs that the inventory of manufacturers is gradually over to dealers. Therefore, dealers are also showing signs of accumulating high prices. It can not be ruled out that in the later stage, due to the overstocking of inventory, they continue to make profits to clear the inventory.

Pure benzene market trend chart

In terms of cost, the upstream crude oil price remained high, and the rising oil price provided cost support for the downstream chemical industry. However, at present, the impact of crude oil is gradually weakening. According to the monitoring of business community, the price of pure benzene product in the upstream of adipic acid dropped rapidly in the middle and late ten days, with a drop of more than 8% from December 8 to December 31. The cost pressure (as shown in the figure above) has been eased, and the adipic acid manufacturers have been able to operate There is room for respite, so it is possible to reduce the price of pure benzene and remove the inventory. At present, there is no sign of the bottom of pure benzene’s downward trend. In the later stage, the cost advantage may be lost, and the price of adipic acid may continue to be under pressure.

PA66 market trend chart

In terms of downstream demand, terminal demand declined slightly, and the peak of polyurethane procurement gradually came to an end. With the haze in the north, there were more site stoppages, and the demand declined. The market purchasing volume retreated slightly. In December, the PA66 market also gradually cooled down, and the high price fell. So far, according to the data of business society, the decrease in December was 3.02%. In the later period, as the festival approaches, the market operation rate may further decline, and the possibility of price downward again cannot be ruled out.

In the later stage, the rising market of adipic acid is basically coming to an end. At present, it is still dominated by high volatility. In the later stage, the price may be subject to the suppression of demand, so it is difficult to attack the market again. At present, it is in the middle of winter, and the downstream operating rate may continue to decline. At present, there are signs of decline in the cost of pure benzene. Downstream PA66 has also opened a downward channel to feed adipic acid In the near future, it will maintain a high level, or slightly loose, and the transition before the festival will be mainly smooth.