Price Trend

According to the data of business associations, the domestic adipic acid market has not changed much this week compared with last week. In some areas, the price of adipic acid has fallen slightly. The quotation of dealers is on the low side, with the overall decline of 0.50%. By the end of the weekend, the quotation is generally 8000-8300 yuan/ton.

II. Analytical Review

This week, the adipic acid market price is narrow, the market is weak, the market atmosphere is slightly cold, distributors actively shipped mainly, adipic acid market than last week’s price has 50-100 yuan/ton decline, the market is gradually stalled, at present, the downstream market acceptance of high prices is also general, so that the profit margin has increased. Social inventory is still showing some pressure. Shipment strength has slightly declined compared with last week, and there is some room for negotiation.

On the supply side, the supply scale is abundant, the plant start-up rate is high, and the inventory shows certain pressure. This week, the distributors are getting the goods one after another. The inventory of the manufacturer is at the middle and high level. The distributors have sufficient supply in hand, especially the process of inventory removal is not over. The overall supply pressure of the market is high, which leads to the strong willingness of the distributors to reduce prices and inventory removal. Therefore, the turnover is favorable. Between. Market price quotation and actual transaction still have price difference. The quotations of distributors in North China, East China and South China have been adjusted to varying degrees. Most of the districts remain weak.

In terms of demand, the downstream demand lacks substantial improvement, the downstream start-up rate is still slightly insufficient. The start-up rate is about 50%. The upstream adipic acid does not form a strong boost. The market is still in the depot cycle. In addition, the cost side also makes adipic acid show some pressure. The upstream pure benzene price continues to hover at a low level, and the downstream adipic acid yields profits due to the low cost side. It is possible. According to the monitoring of business associations, the reference price of East China market is about 8000-8200 yuan/ton, and the price of South China is generally between 8100-8300 yuan/ton.

3. Future Market Forecast

Analysts of adipic acid in the chemical branch of business association think that the current market is stabilizing, adipic acid shows a certain supply pressure, the market inventory is gradually high, the late market or fall into a weak stage, so Business Association believes that adipic acid market is difficult to improve greatly in the short term, or maintain a weak market in the near future.