Adipic acid market trend chart

According to the monitoring of business society, this week (9.6-10), the price of domestic adipic acid decreased slightly, and the price of adipic acid continued to decline in mid and late August. This week, the market continued its previous decline. Fundamentals in addition to the negative impact of falling costs, weak demand is also the main factor restricting the power of the market. According to the monitoring of business agency, adipic acid in East China decreased by 0.97% this week, slightly slower than that of the previous week. At present, the price range of adipic acid is 10200-10400 yuan / ton.

In terms of market supply, adipic acid manufacturers’ devices were generally normal and maintained a high operating rate this week. With the release of the restart news of Dafeng and Taihua devices, the market performance was more depressed. Although the manufacturer’s inventory pressure was normal, the current market demand was still weak, and the delivery speed of enterprises decreased significantly, which exacerbated the concerns of market supply. From the perspective of dealers, although the manufacturer’s inventory pressure is balanced, the market inventory pressure is still large. The market is in the process of de inventory, and some dealers mainly sell goods at a profit.

Trend chart of pure benzene Market

In terms of cost, crude oil rebounded over the weekend, and pure benzene has been rising since September. According to the monitoring of business society, pure benzene increased by 4.58% this week. The favorable cost did not bring a fundamental boost to adipic acid. The market is still tepid, which also led to the sharp compression of the manufacturer’s profit space.

PA66 market trend chart

Terminal demand: from the perspective of downstream PA66 of adipic acid, the price of PA66 began to rise from the end of August, with an increase of 0.7% this week. The cost of downstream products pushed up, but it does not mean that the demand improved. The main reason is still the equipment maintenance of major manufacturers and the price inflation effect caused by the shortage of supply. Therefore, adipic acid added in the middle did not enjoy the dividend of upstream and downstream price rise.

In the later stage, the business society believes that with the rise of costs, the cost transmission effect will gradually transfer to the downstream. At present, the profit of adipic acid is very thin. It is expected that the manufacturers will support the price one after another in the later stage, and the space to continue to decline may be limited.