At the beginning of September 28 and the beginning of the week, the prices of adipic acid in China were generally stable and small movements, and the quotations of dealers in some regions rose or fell slightly. The manufacturer’s quotation is mainly stable for the time being. The normal operating rate of the device is about 80%. The manufacturer’s inventory is still under certain pressure. The market supply and demand structure is basically balanced, and the downstream demand is relatively weak. At present, adipic acid is still at the off-season level. On the cost side, pure benzene has been maintaining a narrow range fluctuation trend since September, with a slight increase of only 0.29% in the whole month. After the upward market in August, the current high level of pure benzene tends to be stable and slightly downward, and the support for the downstream adipic acid is insufficient.

In terms of local markets:

The market situation of adipic acid in East China is basically stable. The market is up and down slightly, and the ups and downs are mainly mutual. The quotation of dealers is up and down, and the overall range is about 100 yuan. The market inquiry is general. The downstream demand is low. Most dealers follow the market and make profits to ship goods. The manufacturers’ inventory pressure is general and the transaction is cold. The mainstream prices in today’s market are: Shandong source 6400-6600 yuan / T acceptance price, Jiangsu source acceptance price is 6500-6800 yuan / T, and the downstream is mainly rigid demand procurement.

The market of adipic acid in South China is stable with little change in quotation. Dealers still make profits. Manufacturers’ inventory pressure remains and the transaction is fair. The mainstream prices in today’s market are: 6500-6800 yuan / ton acceptance price of Shandong provenance, 6600-6900 yuan / ton of Jiangsu source acceptance price. The downstream is mainly rigid demand procurement.

Before the festival, adipic acid fundamentals have not changed greatly, and the contradiction between supply and demand still exists. At present, the price rise and fall are mostly affected by local supply. Overall, the market is still weak and stable, trapped by supply pressure and weak demand, which may still maintain a weak market. Price rise and fall powerless, do not rule out the possibility that prices continue to fall.