Adipic acid East China market price trend chart

According to the monitoring of business agency, this week (11.29-12.3), the price of adipic acid in China decreased slightly, and adipic acid in East China decreased by 0.31% this week. The market price range of adipic acid at the weekend is 12500-13100 yuan / ton. The main reason is that the cost continues to fall, the supply increases and the demand is low.

In terms of market supply, adipic acid operating rate continued to increase this week, and the overall operating rate has increased from less than 60% last month to about 65% at present. This week, the utilization efficiency of Shenma and Jiangsu Haili units was improved, which brought a certain supply increment. At the same time, Chongqing Huafeng unit has also been restarted this week, and the supply is recovering. The expected increase in supply has brought a negative atmosphere, and the market supply performance is relatively loose.

Adipic acid industry chain trend chart

The above figure shows that the adipic acid industrial chain is still weak this week, especially the price of upstream products has decreased significantly, and the downstream PA66 has also decreased strongly. On the premise of continuous decline at the cost end, weakness at the downstream and continuous cost transmission, the whole industrial chain has the power to continue to decline, but the decline of adipic acid is obviously weaker than that at the upstream and downstream, and the profits at the enterprise end are still relatively considerable.

Trend chart of pure benzene Market

Cyclohexanone market trend chart

The prices of pure benzene and cyclohexanone fell this week, but the decline was larger than last week, especially cyclohexanone. According to the monitoring of business society, cyclohexanone fell by 5.19% this week. Cyclohexanone is oversupplied, manufacturers’ inventory pressure is too high, and the price continues to decline. Pure benzene fell by 2.02% this week. The decline in cost weakens the price support of adipic acid, but the manufacturer has improved the profit. At present, the profit of adipic acid remains at a high level.

PA66 market trend chart

Terminal demand: according to the data of business agency, the domestic PA66 market fell in early December, and the spot price of individual brands decreased significantly. As of December 3, the ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 38500 yuan / ton, with a weekly decline of 1.54%. At present, the operating rate of the industry is basically unchanged compared with the previous period. Mainly affected by the slowdown in demand, buyers took the goods slowly, sellers’ confidence weakened, and the offer decreased. The short downstream is the root cause of the weak adipic acid price.

In the later stage, the business society believes that in the near future, both cost and supply and demand are bad for the adipic acid market, the price of raw materials is lower, and the supply is affected by the expected warming of plant restart. In the later stage, there may be oversupply, and adipic acid is expected to fall in the near future.