According to the Commodity Market Analysis System of Shengyi Society, after the National Day holiday, negative factors still exist, and the domestic adipic acid market continues to decline. On October 1st, the average market price of adipic acid was 7200 yuan/ton. On October 14th, the average market price of adipic acid in China was 7033 yuan/ton, a decrease of 2.31%.
The bearish sentiment is still steadily declining in the domestic adipic acid market
Since the National Day holiday, the prices of cyclohexanone and pure benzene raw materials for adipic acid have been weak and declining. The demand for terminal rigidity is sluggish, and the transaction volume in the adipic acid market is average. Manufacturers have lowered their ex factory prices one after another, and the adipic acid market continues to decline. As of October 14th, the price has fallen to 7033 yuan/ton, with a price drop of nearly 3%. The combination of negative factors has led to a continuous bottoming out of the adipic acid market.
An analyst from Shengyi Society believes that in mid October, the rigid demand in the terminal industry declined, and the raw material market was sluggish. The market for adipic acid continued to fluctuate weakly in the future.