SunSirs: The Market of Adipic Acid Was Light and Few Dealers Came into the Market
February 11 2020 09:22:44 SunSirs (John)
According to the data of SunSirs, on February 10th, the domestic market for adipic acid was light, and dealers were still few in the market, and the resumption of work in many places was postponed. Today, It is learned from a Zhangjiagang dealer that they have not yet received the notice of resumption of work, it is still in a state of suspension, and the market also shows that there is a price but no market. The prices are mostly flat before the festival. Many dealers do not offer prices for the time being, and the reference price is 8,100-8,300 RMB/ton. There are many large factories returning to work, but the operating rate is not up to the level before the festival. The dealers' inventory is mostly pre Festival reserve. In addition, affected by the traffic control, the speed of moving goods further slows down. SunSirs expects that with the large-scale resumption of production enterprises and dealers, the market with long-standing empty windows will recover and the price is expected to rebound.
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