According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market has continued to weaken since mid April. On April 14th, the average price of adipic acid in the domestic market was 7533 yuan/ton. On April 23rd, the average price of adipic acid in the domestic market was 7216 yuan/ton, a decrease of 4.2%.
Negative sentiment suppresses weak decline in adipic acid market
After mid April, pure benzene, the raw material for adipic acid, experienced weak fluctuations, while the market for cyclohexanone raw material declined. The demand in the terminal industry was poor, and manufacturers in the adipic acid market had loose supply, resulting in a continuous decline in shipping prices and a decline in market transactions, with average sales. As of April 23rd, the average market price of adipic acid has fallen to 7100-7300 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
An analyst from Shengyi Society believes that by the end of April, terminal demand was sluggish and supply pressure remained, and the domestic adipic acid market may continue to decline.
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