According to the Commodity Market Analysis System of Shengyi Society, in the second half of May, favorable factors supported the recovery of the domestic adipic acid market, with an increase of over 2%. On May 15th, the average market price of adipic acid was 7233 yuan/ton, and on May 26th, the average market price of adipic acid in China was 7400 yuan/ton, an increase of 2.3%.

Cost increases, domestic adipic acid market overall rebounds
Starting from mid May, the market for pure benzene and cyclohexanone raw materials for adipic acid has remained strong, and the demand for end plastics industry has increased, resulting in higher prices for adipic acid manufacturers. The domestic adipic acid market has seen an improvement in transactions and a rise in the market. As the end of the month approaches, the price of adipic acid continues to operate at a high level. As of May 26th, the average market price of adipic acid has risen to around 7400 yuan/ton, with an overall increase of 100-200 yuan/ton.
An analyst from Shengyi Society believes that in June, the rigid demand in the terminal industry improved, and the raw material market rose. The market for adipic acid will continue to remain strong in the future.