SunSirs: On February 5th, the Price of Adipic Acid in East China Remained Stable
February 07 2024 09:44:37 SunSirs (John)Price trend
On February 5th, adipic acid remained stable in the East China region, with little price change compared to the previous weekend. The mainstream market prices were: 9,700-9,850 RMB/ton for Shandong sources and 9,800-9,900 RMB/ton for Jiangsu sources.
Analysis review
Dealers often quoted high levels of exploratory behavior. The price of raw material pure benzene had stabilized and rebounded, with increased cost support. As February 5th, the pressure on supply and demand was average, and manufacturers were still in the process of reducing inventory. Downstream pre holiday stocking was still ongoing, and supply and demand remained stable.
Market outlook
SunSirs predicts that the cost side still have support, and the supply and demand of adipic acid will remain stable before the holiday, with prices mainly maintaining a narrow adjustment.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-03-19 SunSirs: The Price of Adipic Acid in East China Continued to Decline This Week
- 2024-03-11 SunSirs: On March 8th, the Price of Adipic Acid in East China Operated Weakly
- 2023-04-17 SunSirs: Weekly Report on Adipic Acid Market
- 2023-03-08 SunSirs: Adipic acid fell to the bottom after a rise in 2022-Ⅱ
- 2023-03-08 SunSirs: Adipic acid fell to the bottom after a rise in 2022-Ⅰ
