SunSirs: Supported by Bullish Factors, the Adipic Acid Market Was Recovering

Price trend

According to the Commodity Market Analysis System of SunSirs, in the first half of January, the domestic adipic acid market saw an improvement, with prices rising. At the beginning of the month, the average market price of adipic acid was 8,100 RMB/ton. On January 15th, the average market price of adipic acid was 8,166 RMB/ton, with a price increase of 0.82%.

Raw materials rose, adipic acid market rebounded

After the New Year's Day, the prices of raw materials such as benzene and cyclohexanone have risen one after another, and the prices of adipic acid manufacturers have been raised, boosting terminal demand. The transaction volume of adipic acid market has improved, and the market continued to rebound. The average price of adipic acid in the domestic market has risen to 8,100-8,300 RMB/ton, an increase of nearly 1%.

Market outlook

The adipic acid analyst from SunSirs believes that due to limited increase in raw material prices and loose supply, the adipic acid market will continue to weaken in the future.

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