Adipic acid market trend chart

According to the data from the large list of business associations, the domestic adipic acid market rose in October, which is also the end of the tepid market for six months since April. According to the data monitored by the business agency, adipic acid in East China rose by 5.14% in the whole month, mainly due to the sharp rise in upstream costs, the continuous rise of pure benzene price, and the improvement of downstream PA66 market. According to the monitoring of business agency, the current quotation range of adipic acid is 6800-7200 yuan / ton.

From the perspective of market supply, the operating rate of adipic acid manufacturers remained stable in October, about 80% or more. The market supply was relatively sufficient, and the manufacturers’ inventory pressure was large. Dealers normally take goods, although Jinjiu did not make efforts, but silver ten adipic acid price appeared small Yangchun market.

In terms of cost, the upstream crude oil price mainly maintained the range adjustment, and the upward rush was weak. Especially at the end of the month, affected by the overseas epidemic situation, the price of pure benzene rose sharply this month, with an increase of more than 10% in the second half of October. The pressure of cost (as shown in the figure above) forced the price of adipic acid to rise.

Market trend of pure benzene

In terms of downstream demand, the terminal performance improved slightly. Although the chemical industry recovered steadily in the late stage of the epidemic, the operating rate of downstream factories increased slightly. In addition, rigid consumption of polyurethane in the downstream remained stable, and the market of PA66 also rose, with a monthly increase of 7.99%, as shown in the figure above.

In the later stage, it seems that the market of adipic acid is mainly driven by the upstream and downstream, and whether the price of adipic acid can rise in the later period depends on whether the demand can keep up with it. However, at present, with the approaching of winter, the downstream operating rate may decline, and the influence of environmental protection and other factors will make it difficult for adipic acid to have a big market, and it is unlikely that adipic acid will continue to rise.