According to the business club’s big list data, last week (11.16-20), the domestic adipic acid market rose slightly, by 2.46%, and the increase slowed down significantly. And most of the dealers’ quotations maintain a stable trend, East China, South China and other regions gradually stop rising. According to the monitoring of business agency, the current quotation range of adipic acid is 8200-8500 yuan / ton.

From the perspective of market supply, the operating rate of adipic acid manufacturers remained stable in November, about 80%. The market supply was relatively sufficient, and the inventory pressure of manufacturers was moderate. Dealers usually take the goods normally. At present, there are signs that the manufacturers’ inventory is gradually over to the dealers, and the dealers are also showing signs of high price accumulation.

Market trend of pure benzene

In terms of cost, the upstream crude oil price stands at $40, and the range adjustment has weakened the impact on the downstream chemical industry. However, the business agency recorded a sharp rise in pure benzene this month, with an increase of more than 18% as of November 20. As shown in the figure above, the price of adipic acid is also maintained at a high level due to the pressure of cost (as shown in the figure above). However, since last week, the price of pure benzene has dropped slightly, and the cost may be lost later There is still room for prices to go down.

PA66 market trend chart

In terms of downstream demand, the terminal performance was rigid and stable. Although the chemical industry recovered steadily in the late stage of the epidemic, the operating rate of downstream factories increased slightly. In addition, the rigid consumption of polyurethane in the downstream was stable, and the market of PA66 also rose sharply. Up to now, the price of PA66 rose by 30% in November, as shown in the figure above. However, the price rise of PA66 slowed down in the last weekend, and it is expected that the upward space in the later period will be limited.

In the later stage, it seems that the market of adipic acid is mainly driven by the upstream and downstream, and whether the price of adipic acid can rise in the later period depends on whether the demand can keep up with it. However, at present, with the approach of winter, the downstream operating rate may decline. At present, the cost of pure benzene also shows signs of decline. The space for downstream PA66 to continue to advance is also limited. It is expected that adipic acid will maintain a high level in the near future and continue to rise The possibility of falling back is not ruled out.