According to the Commodity Market Analysis System of Shengyi Society, since July, the bearish trend has dominated and the domestic adipic acid market has continued to decline. On July 1st, the average market price of adipic acid was 7366 yuan/ton. On July 22nd, the average market price of adipic acid in China was 7066 yuan/ton, a decrease of 4.07%.
Negative factors dominate the steady decline of domestic adipic acid market
At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%.
Starting from mid month, the downward trend of adipic acid market slowed down, with prices slightly decreasing. From the 11th to the 22nd, the market price of adipic acid fell to around 7000 yuan/ton, a decrease of nearly 1%.
An analyst from Shengyi Society believes that at the end of July, the rigid demand in the terminal industry was poor, and the boosting effect of the raw material market was limited. Therefore, the adipic acid market will continue to operate weakly in the future.