Price trend:

According to SunSirs' commodity price analysis system, supported by positive factors, the domestic adipic acid market had been steadily rising since the end of December. On December 26th, the average market price of adipic acid was 6,833 RMB/ton, and on January 6th, the average domestic market price of adipic acid was 7,266 RMB/ton, an increase of 6.34%.

Supported by positive factors, the domestic adipic acid market was steadily rising.

Due to the continuous decline in adipic acid prices in the preceding period, prices had already reached a low level. Starting in late December, adipic acid prices began to rebound and rise steadily, with the average market price increasing to around 7,300 RMB/ton, a rise of approximately 500 RMB/ton. This round of price increases was mainly driven by the rising price of the raw material, pure benzene, while end-user demand remained relatively stable.

Let's analyze whether the price of adipic acid will continue to rise in the future?

Supply side: Domestic manufacturers were maintaining high operating rates, resulting in ample market supply. Although some facilities may undergo routine maintenance, overall supply remains secure. Social and factory inventories need to be digested. Downstream buyers were cautious in their purchasing: Against the backdrop of economic uncertainty, downstream users were generally adopting a "buy as needed" strategy, making large-scale centralized stockpiling unlikely, which will not provide sustained support to the market.

Demand side: From after New Year's Day to before the Spring Festival, downstream nylon and polyurethane production will gradually enter a low season. Factory operating rates will decrease, focusing primarily on fulfilling existing orders and stocking up before the holiday. New orders are expected to be limited. The end-use industries (such as textiles) are also in the final stages before the holiday, and their willingness to purchase raw materials is not strong.

Market outlook

According to analysts at SunSirs, in mid-January, rigid demand from downstream industries is average, and raw material prices offer limited support. Therefore, the adipic acid market is expected to weaken in the near future.

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