According to monitoring data from Business Society, since December 16th, the domestic adipic acid market has continued to decline weakly, with a decline of over 3%. On December 16th, the average market price of adipic acid was 8433 yuan/ton, and on December 23rd, the average market price of adipic acid was 8133 yuan/ton, a decrease of 3.56%.

Loose supply of adipic acid continues to weaken

In mid December, the domestic adipic acid market continued to decline weakly. Mainly due to the weakening of upstream raw materials such as pure benzene and cyclohexanone, limited support for cost increases, and weak demand for adipic acid procurement from end-users. In addition to the oversupply in the adipic acid market and the combination of multiple negative factors, the adipic acid market continues to decline weakly, with the mainstream market price ranging from 8100-8400 yuan/ton, indicating a weak market trend.

An analyst from Shengyi Society believes that negative pressure will continue to weaken the market for adipic acid in the short term.