SunSirs: Adipic Acid Market Weakly Decreased in November
December 02 2024 09:16:43 SunSirs (John)
Price trend
According to monitoring data from SunSirs, since November 1st, the domestic adipic acid market has experienced a weak decline, with a drop of over 1%. On November 1st, the average market price of adipic acid was 8,666 RMB/ton. On November 29th, the average market price of adipic acid was 83,00 RMB/ton, a decrease of 1.23%.
Driven by bearish sentiment, the adipic acid market experienced a weak downward trend in November
Since November, the domestic adipic acid market has remained weak and steadily declining. Mainly due to the weak rebound of the upstream raw material benzene market, insufficient driving force for the rise of cyclohexanone market, average cost support, and a decrease in terminal demand for adipic acid procurement. The supply pressure of adipic acid was suppressing, and multiple negative factors dominate. The adipic acid market continues to bottom out, weak and declining. The mainstream market price was 8,200-8n300 RMB/ton, and the market is steadily declining.
Market outlook
An analyst from SunSirs believes that in December, the raw material benzene market weakened, and the bearish trend still existed. The rise of adipic acid market is weak, and the downward trend is the main trend.
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