Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic adipic acid market continued to decline in the first half of April. On April 1st, the average price of adipic acid in the domestic market was 7,766 RMB/ton. On April 16th, the average price of adipic acid in the domestic market was 7,400 RMB/ton, a decrease of 4.72% in price.

Negative factors dominated, adipic acid market declined

In the first half of April, the price of benzene, a raw material for adipic acid, fluctuated upwards, while the market for cyclohexanone raw material fell weakly. The demand in the terminal industry was sluggish, and the operating rate of adipic acid market manufacturers was high. Supply pressure continued, and shipping prices fell weakly. Market transactions were average, and sales were flat. The average market price of adipic acid has dropped to 7,300-7,400 RMB/ton, with an overall decrease of about 200-300 RMB/ton.

Market outlook

An analyst from SunSirs believes that in April, terminal demand may improve, supply pressure may decrease, and the domestic adipic acid market may see an increase.

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