According to the Commodity Market Analysis System of Shengyi Society, since November, negative factors have remained, and the domestic adipic acid market has continued to weaken. On November 1st, the average market price of adipic acid was 6966 yuan/ton. On November 21st, the average market price of adipic acid in China was 6766 yuan/ton, a decrease of 2.87%.
The raw material market is suppressing, and the domestic adipic acid market is weakening
Since November, the market for cyclohexanone and pure benzene raw materials for adipic acid has been weak, with limited boosting effect. The demand for terminal rigidity has declined, the transaction volume in the adipic acid market has decreased, the factory price has fallen, and the adipic acid market has weakened. As of November 21st, the mainstream market price in Shandong is around 6800 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market fell to 6700 yuan/ton, a decrease of 100 yuan/ton, with a decline of nearly 3%.
An analyst from Shengyi Society believes that at the end of November, the rigid demand in the terminal industry was sluggish, and the rise in raw material prices was weak. The market for adipic acid will continue to weaken in the future.