SunSirs: Under the Pressure of Negative Factors, the Adipic Acid Market Was Declining
December 03 2024 09:26:16 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the overall domestic adipic acid market declined this week, with a drop of over 1%. On November 25th, the average market price of adipic acid was 8,400 RMB/ton. On November 28th, the average market price of adipic acid was 8,300 RMB/ton, a decrease of 1.19%.
Negative factors dominated the weak decline of adipic acid market
This week, the domestic adipic acid market continued to decline weakly. Mainly due to the lack of upward momentum in the cyclohexanone market caused by the upstream raw material benzene, and the sluggish demand for adipic acid procurement from end-users. In addition, the supply pressure of adipic acid had doubled, and negative factors had suppressed it. The weak downward trend of adipic acid market was the main reason, and the mainstream market price was 8,200-8,300 RMB/ton, with a weak downward trend.
Market outlook
An analyst from SunSirs believes that in December, the bearish sentiment remains, and the adipic acid market will continue to weaken.
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