Price trend

According to the SunSirs Commodity Market Analysis System, negative factors persisted in the domestic adipic acid market starting in September, with the average price dropping 1.13% to 7,300 RMB/ton on September 11, compared to 7,383 RMB/ton on September 11.

Negative factors remained, and domestic adipic acid prices continued to decline

Since September, the market for cyclohexanone, a raw material for adipic acid, has remained weak and stable, while the market for benzene has fallen. End-user rigid demand has weakened, and the price of adipic acid has continued to decline. As of September 11, the price had fallen to 7,300 RMB/ton with average market transactions and mediocre sales. These negative factors led to a weak decline in the adipic acid market.

Market outlook

SunSirs' adipic acid analysts believe that in late September, rigid demand in the terminal industry is sluggish, and the boosting effect of raw material prices is limited, and adipic acid will continue to weaken in the future.

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