According to the monitoring of business society, the price of domestic adipic acid rose sharply in the week of October 11-15. After the market entered a stable period in the first ten days, the price of adipic acid rose again due to the impact of cost and supply shortage. According to the monitoring of business society, the weekly increase of adipic acid in East China reached 13.90 yuan / ton. At present, the mainstream price range in the market is 12500-12800 yuan / ton, and even some offers are as high as 13000 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers continued to decline last week, with an operating rate of less than 60%. In addition to the shutdown of Hongding unit, the output of Taihua unit was damaged due to instability. More importantly, the maintenance plan of Shenma and Tianli hi tech in mid and late October led to a decrease in supply and an expected rise in temperature. The sharp rise in the price of adipic acid is inseparable from the shortage of supply.

Adipic acid industry chain trend chart

The adipic acid industry chain shows that the cost side continues to be strong and the downstream is weak. The price of adipic acid as an intermediate product is affected by the cost, the increase is stronger than that of downstream products, and the enterprise profit continues to improve compared with August.

Trend chart of pure benzene Market

Cyclohexanone market trend chart

In terms of cost, crude oil continued to rise, driving the strength of the downstream of chemical industry. After the sharp decline of pure benzene in late September, it approached the historical high again after the festival. According to the monitoring of business society, as of October 15, the increase of pure benzene in October was 7.11%, cyclohexanone remained high and volatile, and now it has also reached the historical high. The rising cost is the most direct factor for the rise of adipic acid.

PA66 market trend chart

Terminal demand: from the perspective of PA66 downstream of adipic acid, the price of PA66 products rebounded at the end of August and has maintained a high shock trend since October, with a slight upward trend of 0.25%. The market is dominated by rigid demand. In other fields, the demand of polyurethane plate is general, dominated by rigid procurement, and the market began to enter the off-season. It can be said that the demand is still a restrictive factor restricting the continuous rise of adipic acid price.

In the later stage, the business society believes that adipic acid will continue to be boosted by both cost and supply. In particular, recently, Shenma and Tianli high tech devices are facing maintenance, and the reduction of market supply is expected to continue to support the price, but it will also be counteracted by the weak downstream demand. Adipic acid will still maintain a strong trend under the supply-demand game in the short term.