According to the data of the business club, since November, the domestic adipic acid has continued the rising trend in October, and the increase is increasingly fierce. According to the data monitored by the business agency, the growth rate of adipic acid in East China has reached 5.75% from November 2 to 4, which is mainly due to the shortage of market supply, the sharp increase of upstream cost, the continuous rise of pure benzene price, and the improvement of downstream PA66 market The rise was also boosted by speculation by dealers. According to the monitoring of business agency, the current quotation range of adipic acid in the market is 7200-7700 yuan / ton, which has increased by 500 yuan / ton compared with the end of October.

From the perspective of market supply, since October, the operating rate of adipic acid manufacturers has been declining, and there is no lack of equipment maintenance in large plants. At present, the operating rate is about 70%. The situation of supply shortage has been aggravated in November.

Market trend of pure benzene

In terms of cost, although the upstream crude oil price mainly maintains the range adjustment, and currently falls below the $40 range, pure benzene has risen sharply since October, with an increase of more than 10% in the second half of October (as shown in the figure above). Although pure benzene has decreased slightly in recent days, the cost transmission is lagging behind. This round of adipic acid rise is also the effect of price increase of upstream raw materials.

PA66 market trend chart

In terms of downstream demand, the terminal performance is commendable. In the late stage of the epidemic, although the chemical industry rebounded steadily, the operating rate of downstream factories also increased. In addition, the rigid consumption of polyurethane in the downstream was stable, and the market of PA66 also showed a sustained upward trend, with an increase of 7.99% in October and no change in November. As of the 3rd, the growth rate of PA66 reached 2.65% in two trading days according to the monitoring of business agency. As shown in the figure above.

In the later stage, the business agency believes that the rise of adipic acid market, even if there is a deep-seated reason for the shortage of supply and demand, there is no lack of merchants’ speculation, and the quotation of dealers is also chaotic, and the difference between high and low prices is more than 1000 yuan / ton. According to the reaction of relevant people in the market, there is no transaction at high price. At present, the increase of adipic acid has a certain amount of water. The maintenance of the price in the later stage depends on whether the demand can keep up with it, With the winter approaching, the downstream operating rate may decline. Due to the influence of environmental protection and other factors, adipic acid will continue to rise, with limited space.