At the beginning of the week, the domestic adipic acid market was stable, the quotation of domestic dealers was generally stable, the inventory pressure was normal, and the transaction was general.
East China: the adipic acid market is stable, the price has little change compared with last weekend, and dealers generally sell goods at a profit. The price of pure benzene in the upstream continues to decline, the manufacturer’s cost pressure is relieved, and the cost support is weakened. There is a certain bargaining space for the price, and the demand side has not been greatly improved. The downstream is cautious in taking goods, mainly purchasing on demand, and the transaction is in a stalemate. Today, the mainstream prices in the market are: the acceptance price of Shandong source of goods is 10700-10800 yuan / ton, and the acceptance price of Jiangsu source of goods is 10800-10900 yuan / ton.
South China: the price of adipic acid remains stable. At present, the market performance is weak, and dealers generally sell goods at a profit. Cost side: the price of upstream pure benzene continues to decline, and the cost support is weakened. Demand side: the downstream is cautious in taking goods and purchasing on demand. The transaction is slightly weaker than that in the previous weeks. Today, the mainstream market price is: the acceptance price of Shandong source of goods is 10800-11000 yuan / ton, and the acceptance price of Jiangsu source of goods is 10850-11050 yuan / ton. The downstream is mainly just in need of procurement.
Forecast: the market is expected to be weak and stable in the near future.
Note: the above prices are tax inclusive
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