According to the Commodity Market Analysis System of Shengyi Society, since June, the combination of long and short factors has led to a continuous decline in the domestic adipic acid market. After bottoming out and rebounding, the price has improved. On June 1st, the average market price of adipic acid was 7433 yuan/ton, and on June 17th, the average market price of adipic acid in China was 7466 yuan/ton, an increase of 0.45%.
The domestic adipic acid market fell first and then rose in the long short game
Since June, the market for pure benzene and cyclohexanone raw materials for adipic acid has weakened, leading to a decrease in demand in the end plastic industry and a decrease in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a sluggish market. The price of adipic acid has mainly decreased. As of June 9th, the average market price of adipic acid has fallen to around 7066 yuan/ton, with an overall decrease of 4.93%.
Starting from June 10th, the prices of pure benzene and cyclohexanone raw materials for adipic acid have risen, and the demand in the end plastic industry has improved, causing prices for adipic acid manufacturers to rise one after another. The transaction volume in the domestic adipic acid market has increased, and the adipic acid market has improved. As of June 17th, the average market price of adipic acid has risen to around 7466 yuan/ton, with an overall increase of 5.66%.
An analyst from Shengyi Society believes that by the end of June, with the support of rigid demand in the terminal industry and a strong raw material market, the market for adipic acid will continue to remain strong in the future.