According to the Commodity Market Analysis System of Shengyi Society, multiple negative factors continue to exist after the National Day holiday, 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 22nd, the average market price of adipic acid in China was 7000 yuan/ton, a decrease of 2.78%.
Negative pressure on domestic adipic acid market continues to decline
Since the National Day holiday, the prices of cyclohexanone and pure benzene raw materials for adipic acid have been weak and declining. Due to weak demand for terminal rigidity, the transaction volume of adipic acid market has declined, and manufacturers have lowered their ex factory prices. The adipic acid market continues to decline. As of October 22, the mainstream market price in Shandong is around 7000 yuan/ton, and the mainstream market price in Jiangsu is 6800 yuan/ton. The average price in the domestic market has dropped to 7000 yuan/ton, a decrease of 200 yuan/ton, and the decline is approaching 3%.
An analyst from Shengyi Society believes that by the end of October, the rigid demand in the terminal industry was poor, and the rise in raw material prices was weak. The market for adipic acid will continue to weaken in the future.