According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market has been continuously declining since March. On March 1st, the average market price of adipic acid was 8366 yuan/ton. On March 18th, the average market price of adipic acid in China was 7766 yuan/ton, a decrease of 7.17%.

Negative led domestic adipic acid market continues to weaken

Since March, the prices of pure benzene and cyclohexanone raw materials for adipic acid have been continuously declining, and the demand in the terminal industry is sluggish. The supply pressure in the adipic acid market has doubled, and the shipping prices of adipic acid manufacturers and traders have continued to decline. Market transactions are poor, and sales are average. The average market price of adipic acid has dropped to around 7700 yuan/ton, with an overall decrease of 500 yuan/ton.

An analyst from Shengyi Society believes that by the end of March, there will be little improvement in demand in the terminal industry, and the raw material market will continue to bottom out. The adipic acid market will continue to weaken in the future.