According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market has been weak and declining since March. On March 1st, the average market price of adipic acid was 8366 yuan/ton. On March 14th, the average market price of adipic acid in China was 7833 yuan/ton, a decrease of 7.11%.
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Loose supply leads to weak decline in domestic adipic acid market
Since March, the prices of pure benzene and cyclohexanone raw materials for adipic acid have continued to decline, with poor demand from the terminal industry and oversupply in the adipic acid market. The prices of adipic acid manufacturers and traders have continued to decline, resulting in a decrease in market trading volume and mediocre sales. The average market price of adipic acid has dropped to 7700-7900 yuan/ton, with an overall decrease of 200-300 yuan/ton.
An analyst from Shengyi Society believes that in late March, due to poor demand in the terminal industry and a weak decline in raw material prices, the adipic acid market will continue to decline in the future.
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