SunSirs--China Commodity Data Group

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SunSirs: Weekly Report on Adipic Acid Market

April 17 2023 13:11:50     

On April 15th, the benchmark price of adipic acid in S SunSirs was 10020.00 RMB/ton, an increase of 2.66% compared to the beginning of this month (9760.00 RMB/ton).

The Business Society believes that the high crude oil prices on the cost side maintain a certain level of support. In the later stage, the prices of pure benzene and cyclohexanone are expected to rise but not fall. From the supply side perspective, the changes will not be too significant, and a low operating rate will continue to be beneficial. The biggest negative factor is the demand side, with insufficient follow-up on terminal demand and few new orders; But as the May Day holiday approaches, concentrated replenishment or support for adipic acid will maintain a strong trend.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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