According to the Commodity Market Analysis System of Shengyi Society, after the May Day holiday, negative factors suppressed the domestic adipic acid market, causing a continuous decline of over 4%. On May 1st, the average market price of adipic acid was 7416 yuan/ton. On May 13th, the average market price of adipic acid in China was 7083 yuan/ton, a decrease of 4.49%.
Negative pressure on domestic adipic acid market continues to decline
After the May Day holiday, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell, and the demand for end plastics industry was poor. The prices of adipic acid manufacturers continued to decline and hit the bottom. The domestic adipic acid market has average transactions and a weak market trend. As of May 13th, the average market price of adipic acid has fallen to 7100-7400 yuan/ton, with an overall decrease of 200-300 yuan/ton.
An analyst from Shengyi Society believes that in late May, the demand in the terminal industry was sluggish, and the raw material market weakened. The market for adipic acid is expected to continue to decline weakly in the future.