According to the business club’s big list data, this week (7.13-17), the domestic adipic acid trend was stable, the price was basically flat in the last week, some markets rose or fell slightly. According to the data monitored by the business agency, the adipic acid in East China increased slightly by only 0.3%. The market demand is still weak, and the supply is relatively abundant. Most dealers’ quotations keep rising or falling within 100 yuan. Most manufacturers are still pessimistic about the future market and light stock operation. According to the business society monitoring, the current adipic acid market quotation range is 6600-6800 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers this week was flat at the beginning of the month, with more than 80% at present. The market supply performance is sufficient, and the inventory pressure of manufacturers has not improved. Dealers usually take delivery of goods normally, and centralized purchasing behavior is not in the off-season market. Some dealers purchase according to the order and light the inventory operation. Generally speaking, the pressure of enterprise inventory and market inventory is relatively large. In terms of cost, the upstream crude oil price continued to fluctuate in the range and remained relatively high. However, the performance of pure benzene was low. Since July, the price continued to consolidate at a low level, with a drop of 0.63%. As shown in the figure below, adipic acid did not bring fundamental benefits to adipic acid. The main reason is that the downstream demand has not fundamentally improved, and adipic acid is squeezed by both upstream and downstream, which leads to enterprise profits It’s going down.

Market trend of pure benzene

From the perspective of terminal demand, the downstream demand has little change compared with the beginning of July, and is still in the off-season level. The operating rate of downstream factories has not significantly increased, and the overall consumption level of plastic products has not increased significantly, which is difficult to boost the market of upstream raw materials. In addition, affected by the epidemic situation this year, the sales volume of polyurethane and other thermal insulation materials is also lower than that of the same period last year. In addition, downstream products such as PA66 did not get out of the predicament, and the prices remained low, which eventually led to the difficulty in fundamentally improving the demand for adipic acid, difficult to digest inventory, and many manufacturers’ overstocking. Dealers generally follow the market and purchase on demand. In addition, in addition to the weak domestic demand, external demand has also worsened. Especially affected by the overseas epidemic, the external demand has decreased, and the export pressure of adipic acid has continued to increase. It is not ruled out that the inventory will continue to rise in the future.

In the later stage, it seems that the cost side lacks favorable support, the supply side is loose, and the market price is squeezed by cheap goods. The downstream is affected by the weak domestic demand and the shrinking of foreign demand orders caused by the severe overseas epidemic situation. It will take time for adipic acid to get out of the trend.