SunSirs: Supported by Bullish Factors, the Adipic Acid Market Continued to Rise

Price trend

According to the Commodity Market Analysis System of SunSirs, after mid January, the bullish factors still existed, and the domestic adipic acid market continued to rise, with an increase of over 2%. On January 15th, the average market price of adipic acid was 8,200 RMB/ton. On January 22nd, the average market price of adipic acid in China was 8,366 RMB/ton, an increase of 2.03%.

Supported by bullish factors, the domestic adipic acid market continued to rise

After mid January, the prices of adipic acid raw materials such as benzene and cyclohexanone continued to rise, driven by the stocking market in the terminal plastic industry. Major adipic acid manufacturers raised their factory prices, and the domestic adipic acid market continued to recover, with prices continuously increasing. The average market price rose to 8,300-8,600 RMB/ton, an overall increase of 200 RMB/ton.

Market outlook

An analyst from SunSirs believes that after the Spring Festival, the rise in raw material prices will be weak, and the supply of adipic acid will be loose, which will continue to put pressure on the future market.

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