After the Spring Festival, the domestic adipic acid price began to rise due to the cost promotion and the recovery of supply and demand. According to the monitoring of the business society, the adipic acid price in East China rose by 12.59% in February. In March, the offer of adipic acid was even higher in the first two working days. From March 1 to 2, the adipic acid price rose by an unprecedented 12.66%, and the national market generally rose by more than 1000 yuan The price range is 10500-11000 yuan / ton.

In terms of market supply, the operation rate of adipic acid large factories has declined due to temporary maintenance. The market supply is relatively tight, and some East China dealers reflect that they can’t get the supply. At present, the inventory pressure of manufacturers is not big, mainly due to the continuous de inventory of enterprises and the market years ago. At present, the social inventory is more reasonable, and the pressure on the supply side has been released, and the prices of manufacturers have been rising frequently. The relatively tight supply environment is an important reason for the price rise of adipic acid.

Pure benzene market trend chart

In terms of cost, the upstream crude oil price continued to run at a high level after the year, and the high oil price provided cost support for the downstream chemical industry. The business community monitored that the upstream pure benzene of adipic acid rose rapidly recently, and the pure benzene rose by 42.95% from February 1 to March 2 (as shown in the figure above). The rapid rise in cost led to the sharp rise of adipic acid. However, in the past week, the pure benzene market was obviously stabilized and the rise slowed down, The possibility of the decline of adipic acid cost support in the later stage is not ruled out.

PA66 market trend chart

As far as downstream demand is concerned, terminal demand generally recovers. Enterprises will resume work in time after the year. Polyurethane and PA66 will be purchased intensively after the year. The demand is strong, especially PA66. Large factories are short of raw materials. PA66 products such as Pingdingshan Shenma Group and Huafeng Group have a general increase of 2000 yuan / ton on February 23 alone. So far, according to the data of business news agency, PA66 has increased by 22.07% from February 1 to March 2. Since last week, the growth of PA66 has slowed down, but the market has been running at a high level. It is expected that it will still bring some support to adipic acid Market in the near future.

In the later stage, the Business Association believes that adipic acid has reached an unprecedented high, with favorable fundamentals as well as the influence of speculation by traders. Some traders have made high reports, but there is no transaction at high prices. There is a certain risk in the market at present. It is expected that with the withdrawal of upstream crude oil, the rise of pure benzene will stop, and the stabilization of downstream PA66 in the near future, adipic acid may not be able to rise, and the possibility of high-level decline will not be ruled out.