According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market weakened in July, mainly oscillating and falling. On July 1st, the average price of adipic acid in the domestic market was 7366 yuan/ton. On July 28th, the average price of adipic acid in the domestic market was 7066 yuan/ton, a decrease of 4.07% in price.
Negative sentiment suppresses weak July adipic acid market decline
At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%.
Starting from mid month, the downward trend of adipic acid market slowed down, with prices slightly decreasing. From the 11th to the 22nd, the market price of adipic acid fell to around 7000 yuan/ton, a decrease of nearly 1%.
At the end of the month, the support effect of the raw material market was limited, and the demand in the terminal plastic industry was poor. The price of adipic acid manufacturers stabilized, and the market sales were average. The average market price of adipic acid fell to 7066 yuan/ton, a decrease of 300 yuan/ton compared to the beginning of the month.
An analyst from Shengyi Society believes that in August, with improved terminal demand and increased support from the raw material market, the domestic adipic acid market is expected to stop falling and rise.