Price trend

According to the SunSirs commodity market analysis system, negative factors persisted after the National Day holiday, and the domestic adipic acid market continued to decline. On October 1, the average market price of adipic acid was 7,200 RMB/ton. On October 14, the average price dropped to 7,033 RMB/ton, a decrease of 2.31%.

Negative factors were still there, and the domestic adipic acid market was steadily declining

Since the National Day holiday, prices for cyclohexanone and benzene, the raw materials for adipic acid, have weakened. Due to sluggish terminal demand, the adipic acid market saw limited transactions, prompting manufacturers to lower their ex-factory prices. As a result, the adipic acid market continued to decline. As of October 14th, the price had fallen to 7,033 RMB/ton, a decrease of nearly 3%. These negative factors pushed the adipic acid market to a low point.

Market outlook

SunSirs’ adipic acid analysts believe that in mid-October, rigid demand in the terminal industry declined, raw material prices were sluggish, and the adipic acid market continued to fluctuate weakly in the future.

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