Price trend

As of May 11th, adipic acid in East China had slightly increased this week. The price on May 11th had risen by less than 100 RMB/ton compared to the beginning of the week. According to the Commodity Market Analysis System of SunSirs, the increase was 0.42%.

Analysis review

Distributors tended to follow the market, with some offering high exploratory quotations and actively shipping. The price of raw material pure benzene had rebounded since May, providing some support for adipic acid in terms of cost. The increase was 0.90%, and the cost side had turned from weak to strong. As of May 11th, the pressure on supply and demand was average, and manufacturers were still in the process of reducing inventory. Downstream post holiday market replenishment had improved demand compared to the previous period, and supply and demand were basically stable. On May 11th, the mainstream market prices were: 9,600-97,00 RMB/ton for Shandong sources and 9,700-9,800 RMB/ton for Jiangsu sources.

Market outlook

SunSirs predicts that in the short term, the pressure on supply and demand of adipic acid will be reduced, and some devices will enter the maintenance period in late May. The expected decrease in enterprise production will make adipic acid more rigid, and it is expected that there may be upward space for adipic acid in May.

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