According to the data of the business club’s bulk list, on March 27, at the weekend, the domestic adipic acid market was still weak. Compared with the market at the beginning of the week, the market did not improve, and the price change was not big. Some dealers’ quotations were slightly loose, with a range of 50-100 yuan / ton. According to the business club’s monitoring, on March 27, the quotation range was 0.55% lower than that at the beginning of the week. At present, the general quotation range of the market is 7600-7900 yuan / ton. Dealers have generally resumed shipment, but they still haven’t reached the normal level of shipment. Influenced by the continuous downward trend of crude oil price, the chemical industry has been under pressure, the price continues to decline, and adipic acid is difficult to be alone and maintain the downturn trend. At present, the transportation situation in the market is obviously improved, but it is trapped in the weak downstream demand, the delivery situation is not ideal, the inventory is difficult to digest, the manufacturers have a lot of inventory pressure, dealers generally go with the market, purchase on demand, and the inventory pressure is OK. At present, the manufacturer’s operating rate remains stable, especially due to the impact of lower external demand and large export pressure, which does not rule out the possibility of higher inventory in the later period.

In the later stage, the business community predicted that the current chemical cost end crude oil price continued to operate at a very low level, which was negative for the entire chemical industry chain. In addition, due to the weak market demand, adipic acid should maintain a downturn in the near future.