1、 Price trend

On August 16th, the domestic adipic acid market continued to be sluggish. According to the Commodity Market Analysis System of Shengyi Society, as of August 16th, adipic acid was 9250 yuan/ton, a decrease of 75 yuan/ton or 0.85% from next week.

2、 Market analysis

Cost aspect:

The price of raw material pure benzene has slightly increased, with some cost support. The average price of cyclohexanone in the domestic market has dropped from 9406 yuan/ton to 9325 yuan/ton, a decrease of 0.86% during the cycle. Downstream demand is weak, and the domestic cyclohexanone market is experiencing a weak downward trend, resulting in a lower focus on transactions.

Supply side:

From the perspective of market supply, in terms of equipment, the operating load of succinic acid this week was around 6.8%, while the operating load of adipic acid decreased compared to last week. The main manufacturers are raising prices, and there may be expectations of price reductions in the future due to inventory pressure. Due to weak demand, the manufacturer’s shipment speed has slowed down. At present, there is a lack of favorable guidance on the supply side.

3、 Future forecast

An analyst from Shengyi Society believes that the price of pure benzene in the upstream has rebounded and the price of cyclohexanone is still declining. There is a long short game on the cost side, and downstream demand in the market is still in an inactive stage. It is expected that the domestic adipic acid market will mainly operate weakly in the short term.