Price trend

According to the Commodity Market Analysis System of SunSirs, in early July, the domestic adipic acid market continued to decline due to negative pressure. On July 1st, the average market price of adipic acid was 7,466 RMB/ton. On July 11th, the average market price of adipic acid in China was 7,133 RMB/ton, a decrease of 3.17%.

Analysis review

At the beginning of July, the prices of benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market had average transactions and a weak market. As of July 11th, the average market price of adipic acid had fallen to around 7,133 RMB/ton, with an overall decline of over 3%.

Market outlook

An analyst from SunSirs believes that in mid July, the rigid demand in the terminal industry was weak, and the raw material market was not good. The market for adipic acid will continue to weaken in the future.

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