Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic adipic acid market weakened in March, with an overall price drop of over 7%. On March 1st, the average price of adipic acid in the domestic market was 8,366 RMB/ton. On March 26th, the average price of adipic acid in the domestic market was 7,766 RMB/ton, a decrease of 7.17% in price.

Negative factors dominated, leading to an overall decline in the adipic acid market in March

At the beginning of the month, the market for benzene and cyclohexanone raw materials for adipic acid continued to weaken, with sluggish demand in the terminal industry. The supply of adipic acid in the market was loose, and the shipping prices continued to decline. The market trading volume was average, and the sales were poor. The average market price of adipic acid has dropped to 7,750-8,100 RMB/ton, with an overall decrease of 100-200 RMB/ton.

In the middle of the month, the market for benzene and cyclohexanone raw materials for adipic acid saw an increase in decline, resulting in poor terminal demand and continued supply pressure in the adipic acid market, leading to a significant price drop. The average market price of adipic acid has dropped to 7,700 RMB/ton.

At the end of the month, the prices of raw materials benzene and cyclohexanone tended to stabilize, and terminal demand remained stable. The market price of adipic acid remained stable, with no fluctuations, and the average market price remained at 7,700 RMB/ton.

Market outlook

An analyst from SunSirs believes that in April, terminal demand may improve, supported by the raw material market, the domestic adipic acid market may stop falling and rise.

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