Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic adipic acid market experiences ups and downs in June, with mixed ups and downs, and a slight overall decline as the main trend. On June 1st, the average price of adipic acid in the domestic market was 7,433 RMB/ton. On June 25th, the average price of adipic acid in the domestic market was 7,366 RMB/ton, a decrease of 0.9% in price.
Negative sentiment still exists, And adipic acid market fluctuates in June
Since June, the market for pure benzene and cyclohexanone raw materials for adipic acid has weakened, leading to a decrease in demand in the end plastic industry and a decrease in prices for adipic acid manufacturers. The market transactions were average and the market was sluggish. The price of adipic acid has mainly decreased. As of June 9th, the average market price of adipic acid fell to around 7,066 RMB/ton, with an overall decrease of 4.93%.
Starting from June 10th, the prices of pure benzene and cyclohexanone raw materials for adipic acid have risen, and the demand in the end plastic industry has improved, causing prices for adipic acid manufacturers to rise one after another. Market transactions have increased, and the market for adipic acid has improved. As of June 17th, the average market price of adipic acid rose to around 7,466 RMB/ton, with an overall increase of 5.66%.
At the end of the month, the favorable factors in the raw material market were exhausted, and the demand in the terminal plastic industry weakened. The prices of adipic acid manufacturers gradually decreased, and the market transactions were average. The average market price of adipic acid fell to 7,366 RMB/ton, an overall decrease of 100 RMB/ton.
Market outlook
An analyst from SunSirs believes that in July, terminal demand weakens and the support of the raw material market is limited, resulting in a continued weakening of the domestic adipic acid market.
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