Price trend:

According to data from the SunSirs' commodity market analysis system, starting in November, negative factors dominated, and the domestic adipic acid market continued to weaken. On November 1st, the average market price of adipic acid was 6,966 RMB/ton, and on November 12th, the average market price of domestic adipic acid was 6,866 RMB/ton, a decrease of 1.44%.

With multiple negative factors, the domestic adipic acid market continued to decline 

Since November, the prices of cyclohexanone and benzene, raw materials for adipic acid, have weakened. Weak end-user demand led to a decline in adipic acid transactions, resulting in lower ex-factory prices and a continued downward trend in the market. As of November 12th, the mainstream price in Shandong was around 6,800 RMB/ton, and in Jiangsu it was 6,700 RMB/ton. The average domestic price fell to 6,800 RMB/ton, a decrease of 200 RMB/ton from the beginning of the month, a drop of over 1%.

Market outlook

According to analysts at SunSirs, at the end of November, the rigid demand from end-user industries isweak, and the raw material market is sluggish, so the adipic acid market is expected to continue to weakly declined.

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