According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market rebounded in August, mainly oscillating upwards. On August 1st, the average price of adipic acid in the domestic market was 7233 yuan/ton. On August 26th, the average price of adipic acid in the domestic market was 7383 yuan/ton, with a price increase of 2.07%.
The good news still exists, and the adipic acid market fluctuated and rose in August
At the beginning of August, the prices of pure benzene and cyclohexanone raw materials for adipic acid rose, supported by the increase in terminal rigid demand. The adipic acid market ushered in an upward trend, with prices rising to 7300 yuan/ton, an increase of nearly 1%. Approaching mid month, the support effect of raw material market is limited, and terminal demand has fallen. After the rise of adipic acid market, it gradually stabilizes, and the price continues to be 7300 yuan/ton, with no fluctuations in the market.
In the middle of the month, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal rigidity was sluggish. The domestic adipic acid market had average transactions, but sales were still acceptable. The quotations of adipic acid production enterprises are relatively stable, while the overall quotations of traders have mainly declined. The market is running weakly, and as of August 19th, the price has fallen to 7200 yuan/ton, a decrease of nearly 0.5%.
At the end of the month, the market for pure benzene and cyclohexanone raw materials for adipic acid stopped falling and stabilized, with improved terminal demand and improved transactions in the domestic adipic acid market, resulting in increased sales. Adipic acid prices have risen one after another, and the market has rebounded. As of August 26th, the average market price has exceeded 7300 yuan/ton, with an overall increase of over 100 yuan/ton.
An analyst from Shengyi Society believes that in September, with an increase in terminal demand and a boost in raw material prices, the domestic adipic acid market is expected to continue to strengthen.