Price Trend
According to the data of business associations, the domestic adipic acid market has not changed much this week compared with last week. In some areas, the price of adipic acid has fallen slightly. The quotation of dealers is on the low side, with the overall decline of 0.21%. By the end of the weekend, the quotation is generally between 7900 and 8200 yuan/ton.
| Sulfamic acid |
II. Analytical Review
This week, adipic acid market performance is weak, the market is weak, the market atmosphere is slightly cold, distributors actively shipped mainly, adipic acid market compared to last week’s price has 50 yuan/ton decline, the market maintained a weak volatile pattern, at present, the downstream market buying and not buying and falling mentality intensified, trading slightly stalemate, business space to concede profits. Social inventories are still under pressure, with shipments slightly lower than last week.
| sulphamic acid |
On the supply side, the supply pressure is still not small. Many distributors say that the inventory pressure is high, the start-up rate of the plant is high, and the inventory of the manufacturer also shows some pressure. This week, the distributors take goods one after another. At present, the market is still mainly de-stocked. Therefore, the low-price supply is flooding the market, and the overall supply pressure of the market is high, which leads to the strong willingness of the distributors to reduce prices to inventory, so the transaction is concluded There is room for concession. Market price quotation and actual transaction still have price difference. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most of the districts remain weak.
In terms of demand, the downstream demand lacks substantial improvement, the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%. The upstream adipic acid does not form a strong boost. The market is still in the depot cycle. In addition, the cost side also makes adipic acid show some pressure. The upstream pure benzene price continues to hover at a low level, and the downstream adipic acid yields profits due to the low cost side. It is possible. According to the monitoring of business associations, the reference price of East China market is about 7900-8200 yuan/ton, and the price of South China is generally between 8000-8300 yuan/ton.
| Magnesium Sulphate |
3. Future Market Forecast
The analysts of adipic acid in the chemical branch of business association believe that the current market is weakening, the supply of adipic acid is excessive, the market inventory is gradually high, and the later stage of the market may fall into a weak stage. Therefore, the Business Association believes that adipic acid market is difficult to improve greatly in the short term, and the market may remain weak in the near future.