Price Trend

According to the data of the business associations’list, the domestic adipic acid market changed little this week compared with last week. The quotations of dealers remained stable, and the range of market price changes was about 50-100 yuan/ton. By the end of the weekend, the quotation is generally between 8400 and 8650 yuan/ton.

II. Analytical Review

This week, the adipic acid Market weakened, the market experienced a weak adjustment in August. At present, the market has not yet recovered. The market performance has not been able to rise or fall. The market atmosphere is slightly cold, distributors are active in delivering products. The adipic acid market has risen or fallen within 100 yuan. The market has maintained a weak fluctuation pattern. At present, the downstream market outlook is weak. The expectation mentality is heavy, the transaction is slightly deadlocked, and the merchants have room for concession.

On the supply side, the pressure of market supply is more prominent at present, and many distributors say that the stock pressure is greater, the start-up rate of the plant is higher, the stock of the market and the stock of the manufacturer have risen. This week, distributors are picking up the goods one after another, so there are also relatively low-priced sources flooding the market. There is a certain bargaining space for the products in stock and the market price. The price difference between the offer and the actual transaction remains. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most regions maintain a stable market.

In terms of demand, the downstream demand has not changed much compared with the previous period, and the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%, which has not effectively boosted the upstream adipic acid. In terms of cost, the upstream pure benzene market is still weak, the cost side lacks favorable support, the market gradually returns to flat, and the market also enters. Inventory cycle. According to the monitoring of business associations, the reference price of East China market is about 8400-865 yuan/ton, and the price of South China is about 8450-8700 yuan/ton.

3. Future Market Forecast

The analysts of adipic acid in the chemical branch of the business association believe that the current price performance is low, the supply of adipic acid is excessive and the demand is weak. Therefore, the Business Association believes that the market of adipic acid may continue to maintain a narrow adjustment pattern in the short term.