SunSirs: Supply Was Loose, and Adipic Acid Market Weakly Declined
December 25 2024 15:20:21 SunSirs (John)
Price trend
According to monitoring data from SunSirs, since December 16th, the domestic adipic acid market has continued to decline weakly, with a decline of over 3%. On December 16th, the average market price of adipic acid was 8,433 RMB/ton, and on December 23rd, the average market price of adipic acid was 8,133 RMB/ton, a decrease of 3.56%.
Loose supply, adipic acid market continued to weaken
In mid December, the domestic adipic acid market continued to decline weakly. Mainly due to the weakening of upstream raw materials such as benzene and cyclohexanone, limited support for cost increases, and weak demand for adipic acid procurement from end-users. In addition to the oversupply in the adipic acid market and the combination of multiple negative factors, the adipic acid market continued to decline weakly, with the mainstream market price ranging from 8,100-8,400 RMB/ton, indicating a weak market trend.
Market outlook
An analyst from SunSirs believes that under the pressure of negative factors, the adipic acid market will continue to decline weakly in the short term.
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