According to the Commodity Market Analysis System of Shengyi Society, since September, negative factors have remained, and the domestic adipic acid market continues to weaken. On September 1st, the average market price of adipic acid was 7383 yuan/ton. On September 11th, the average market price of adipic acid in China was 7300 yuan/ton, a decrease of 1.13%.
The bearish trend continues to decline in the domestic adipic acid market
Since September, the market for cyclohexanone, a raw material for adipic acid, has remained weak and stable, while the market for pure benzene raw materials has declined. Terminal rigid demand has weakened, and the market for adipic acid has continued to decline. As of September 11th, the price has dropped to 7300 yuan/ton, with average market transactions and mediocre sales. The combination of negative factors has led to a weak decline in the market for adipic acid.
An analyst from Shengyi Society believes that in late September, the rigid demand in the terminal industry was sluggish, and the boosting effect of the raw material market was limited. Therefore, the market for adipic acid will continue to weaken in the future.
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