According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market continued to decline in the first half of April. On April 1st, the average price of adipic acid in the domestic market was 7766 yuan/ton. On April 16th, the average price of adipic acid in the domestic market was 7400 yuan/ton, a decrease of 4.72% in price.
Negative leads to a decline in the adipic acid market
In the first half of April, the price of pure benzene, a raw material for adipic acid, fluctuated upwards, while the market for cyclohexanone raw material fell weakly. The demand in the terminal industry was sluggish, and the operating rate of adipic acid market manufacturers was high. Supply pressure continued, and shipping prices fell weakly. Market transactions were average, and sales were flat. The average market price of adipic acid has dropped to 7300-7400 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
An analyst from Shengyi Society believes that in April, terminal demand may improve, supply pressure may decrease, and the domestic adipic acid market may see an increase.