According to the Commodity Market Analysis System of Shengyi Society, since November, negative factors have dominated and the domestic adipic acid market has continued to weaken. On November 1st, the average market price of adipic acid was 6966 yuan/ton. On November 12th, the average market price of adipic acid in China was 6866 yuan/ton, a decrease of 1.44%.
Negative news combined with the continuous decline of domestic adipic acid market
Since November, the market for cyclohexanone, a raw material for adipic acid, and pure benzene raw materials has weakened. Due to poor demand for terminal rigidity, the transaction volume of adipic acid market has declined, and the factory price has fallen. The adipic acid market continues to weaken. As of November 12th, the mainstream market price in Shandong is around 6800 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market fell to 6800 yuan/ton, a decrease of 200 yuan/ton from the beginning of the month, a drop of over 1%.
An analyst from Shengyi Society believes that at the end of November, the rigid demand in the terminal industry was poor, and the raw material market was weak. The market for adipic acid continued to decline weakly in the future.
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