According to the Commodity Market Analysis System of Shengyi Society, since December 8th, favorable factors have supported the improvement of the domestic adipic acid market. On December 1st, the average market price of adipic acid was 6733 yuan/ton. On December 16th, the average market price of adipic acid in China was 6833 yuan/ton, an increase of 1.49%.
The raw material market supports the improvement of the domestic adipic acid market
Since December, the prices of cyclohexanone and pure benzene raw materials for adipic acid have remained strong, running at high levels, supporting the rise of the adipic acid market. The demand for terminal rigidity has increased, and the transaction volume in the adipic acid market has improved. The ex factory prices of manufacturers have gradually increased, and the adipic acid market has rebounded. As of December 16th, the mainstream market price in Shandong is around 6900-7000 yuan/ton, with an overall increase of 100 yuan/ton. The mainstream market price in Jiangsu is 6800 yuan/ton, with a price increase of 100 yuan/ton. The average price in the domestic market fell to 6800 yuan/ton, with a price increase of 100 yuan/ton, an increase of over 1%.
An analyst from Shengyi Society believes that in late December, the rigid demand in the terminal industry will gradually recover, su
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pported by the raw material market, and the adipic acid market will continue to rise in the future.