This week, the domestic adipic acid market is mainly stable. After the correction of adipic acid Market in the first ten days, it is mainly stable at present. This week, the price of adipic acid was basically the same as last week, most dealers quoted at a reasonable level, not much higher than last week, and some of them sold at a profit. This week, the adipic acid plant maintained a normal operating rate of about 80-90%, and the inventory pressure of manufacturers increased slightly compared with that at the beginning of this month. In the short term, it is still in the process of destocking, the downstream demand is general, and the dealers’ delivery is generally lower than the level in early April.
Cost side: the price of pure benzene went up this week, and the increase was relatively strong. According to the monitoring of business society, the price of pure benzene increased by 7.6% this week, but the boosting effect on downstream adipic acid is weakened. As the profits of adipic acid manufacturers are still in a reasonable range, the factors influencing the price of adipic acid are more focused on downstream demand, but the weak demand leads to the weak rise and fall of adipic acid.
Demand side: from the perspective of downstream PA66 of adipic acid, according to the monitoring of business society, the market of PA66 continued to decline in April, with a monthly decline of 4.08% as of the 23rd. The weak downstream demand has obvious impact on adipic acid.
In terms of local markets:
The market of adipic acid in East China is stable, and there is generally room for profit. The on-the-spot inquiries are normal, and the high price transactions are mostly on the lookout. At present, there are not many high price goods in the market, the manufacturers have general inventory pressure, and the shipment is normal. Some dealers are reluctant to sell. Today’s market mainstream prices are: Shandong source 10800-11000 yuan / ton acceptance price, Jiangsu source 11000-11200 yuan / ton acceptance price.
At present, adipic acid in South China is mainly stabilized, and most dealers make offers to make profits. Manufacturers are under general inventory pressure and gradually transfer to dealers’ inventory. Today’s market mainstream prices are: 11000-11200 yuan / ton acceptance price of Shandong source, 11200-11400 yuan / ton acceptance price of Jiangsu source, and rigid demand purchase is the main downstream.
In the future, the market supply pressure of adipic acid may rise in the later stage, mainly due to the increase of shipping pressure of enterprises, the slowdown of downstream procurement, and the high price may lead to the accumulation of storage. It is expected that adipic acid will continue to maintain a low market, and the upward momentum is relatively weak.
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