Price trend

According to the Commodity Market Analysis System of SunSirs, in February, the domestic adipic acid market experienced a decline after a rise, and the overall price increased. On February 1st, the average price of adipic acid in the domestic market was 8,400 RMB/ton. On February 26th, the average price of adipic acid in the domestic market was 8,433 RMB/ton, with a price increase of 0.4%.

Long and short gamed, adipic acid market was mixed ups and downs in February

At the beginning of the month, the prices of benzene and cyclohexanone, raw materials for adipic acid, rose, supported by the stocking situation in the terminal plastic industry. The prices of adipic acid manufacturers increased, and the domestic adipic acid market transactions improved, leading to a warming of the market. The average market price rose to 8,500-8,700 RMB/ton, with an overall increase of 200 RMB/ton.

In the middle of the month, the prices of benzene and cyclohexanone as raw materials for adipic acid remained strong, and the demand in the terminal industry recovered. The prices of adipic acid manufacturers rose, and the market improved. The average market price rose to 8,500-8,700 RMB/ton, with an overall increase of 50-100 RMB/ton.

At the end of the month, the prices of benzene and cyclohexanone, raw materials for adipic acid, fell, dragging down the raw material market, and the demand for terminal market was average. Adipic acid had an oversupply and the market was gradually declining. The average market price has fallen to around 8,400 RMB/ton, with a price drop of 50-100 RMB/ton.

Market outlook

An analyst from SunSirs believes that starting from March, with average terminal demand and limited boost in raw material prices, the domestic adipic acid market will continue to weaken.

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