SunSirs: Under the Dominance of Bearish Sentiment, the Adipic Acid Market Weakened
December 27 2024 09:26:32 SunSirs (John)
Price trend
According to monitoring data from SunSirs, since December 17th, the domestic adipic acid market has continued to decline weakly, with a drop of over 2%. On December 17th, the average market price of adipic acid was 8,300 RMB/ton. On December 26th, the average market price of adipic acid was 8,133 RMB/ton, a decrease of 2.01%.
Analysis review
Poor demand, the adipic acid market was weakly declining
After December 17th, the domestic adipic acid market continued to weaken. The main reason was that the upstream raw material benzene and cyclohexanone had poor market conditions, with limited cost boosting effect, and the terminal demand for adipic acid procurement was average. Due to the ongoing supply pressure in the adipic acid market and the dominance of negative factors, the adipic acid market continued to weaken, with mainstream market prices ranging from 8,100-8,200 RMB/ton, indicating a weak and stable trend.
Market outlook
The analyst of SunSirs' adipic acid believes that the bearish factors dominated, the rise of adipic acid market was still weak in the short term.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
