SunSirs: Loose Supply, and Adipic Acid Market Declined

Price trend

According to monitoring data from SunSirs, since November 11th, the domestic adipic acid market has experienced a weak decline, with a drop of over 2%. On November 11th, the average market price of adipic acid was 8,600 RMB/ton. On November 19th, the average market price of adipic acid was 8,400 RMB/ton, a decrease of 2.33%.

Loose supply, the market for adipic acid was weak and declining

Since November 11th, the domestic adipic acid market has continued to decline weakly. The main reason WAs that the upstream raw material benzene market had improved, the cyclohexanone market was weak and stable, the cost support effect was limited, and the terminal demand for adipic acid procurement was average. The main reason for the loose supply of adipic acid was the combination of multiple negative factors. The adipic acid market continued to bottom out and operate weakly. The mainstream market price was 8,400-8,600 RMB/ton, and the market was mainly weak and stable..

Market outlook

An analyst from SunSirs believes that the rise of the raw material benzene market was supported by positive factors, and the adipic acid market is expected to rebound, with a promising upward trend..

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