According to the data from the large list of business associations, the domestic adipic acid market was basically stable last week (12.14-18), with little fluctuation in the market. According to the monitoring, the sample rose slightly, with a range of 0.49%. Many regions showed mixed ups and downs. And most of the dealers’ quotations maintain a stable trend, East China, South China and other regions gradually stop rising. According to the monitoring of business agency, the current quotation range of adipic acid is 8200-8500 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers remained stable in the middle of December, about 80%. The market supply of adipic acid was relatively sufficient, and the inventory pressure of manufacturers was acceptable. Dealers usually take delivery of goods normally. At present, there are signs that the manufacturers’ inventory is gradually excessive to the dealers, and the dealers are also showing signs of accumulation of high prices. It is not ruled out that the inventory situation will be cleared by making profits due to the overstocking of inventory in the later stage.

Market trend of pure benzene

As shown in the above chart, the crude oil price was kept at a high level last week, but the operating cost of adipic acid was kept at a high level in May, as shown in the above chart The price of pure benzene will be under pressure.

PA66 market trend chart

In terms of downstream demand, the terminal performance is rigid and stable, the polyurethane procurement peak is gradually coming to an end, and the market demand slightly retreats. In December, the PA66 market has gradually cooled down, and the price has dropped. So far, according to the data of the business agency, the decline in December is 3.02%. Later, with the Festival approaching, the market operating rate may further decline, which does not rule out the possibility of price downward again.

In the later stage, according to the business community, the market of adipic acid is basically coming to an end, and the later price may be subject to the suppression of demand without major action. However, at present, it is in the middle of winter, and the downstream operating rate may decline. At present, the cost of pure benzene also shows signs of decline. The downstream PA66 has also opened a downward channel. It is expected that adipic acid will maintain a high level in the near future and continue to rise Sex is not big, also do not rule out the possibility of falling back.