Price trend

On August 23rd, the average market price of adipic acid was 9,150 RMB/ton, a decrease of 1.08% from the previous working day's price of 9,250 RMB/ton.

Analysis review

The domestic adipic acid market continued to decline. Upstream pure benzene prices was fluctuating and falling, providing weak cost support for the market of adipic acid. The load of the adipic acid plant was in a medium operating state, which had decreased compared to last week. The cargo holder was in a wait-and-see state. Downstream factories were more cautious in their procurement of raw materials. The adipic acid market was experiencing sluggish trading and weak shipments from producers.

Market outlook

The downstream market on the demand side continued to show a weak trend, with a relatively quiet atmosphere for new orders and low trading activity. It is expected that the adipic acid market will mainly fluctuate and consolidate in the future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.