Near the weekend, the domestic adipic acid market performance is weak, some regions dealers offer a small decline. The quotation of domestic manufacturers is stable for the time being, the normal operation rate of the plant is about 80%, and the inventory pressure of manufacturers is maintained at a medium high level. The market is gradually accumulating, the downstream demand is relatively weak, and the dealers’ delivery is generally lower than the level at the beginning of the month. At present, under the influence of the off-season effect of adipic acid, the difficulty of high price support becomes more and more prominent, and the cost side: pure benzene has continued to fall from a high level since the middle of this week, with a decline of 0.80%. The upstream cost is bad, and the support for downstream adipic acid is insufficient. In addition, the terminal entered the winter off-season mode, the demand growth was not as expected, and the PA66 price continued to fall, and the downstream procurement gradually slowed down.

In terms of local markets:

On December 25, the adipic acid Market in East China was mainly weak and stable, most dealers kept their prices stable, and dealers went with the market. Market inquiries are normal, high price transactions are not many, and some dealers give up profits to ship. At present, the market quotation is uneven, the manufacturers’ inventory pressure is general, and the shipment is normal. Today’s market mainstream prices are: Shandong source 8000-8200 yuan / ton acceptance price, Jiangsu source 8100-8500 yuan / ton acceptance price. In the downstream, rigid demand is the main source, and the demand has stabilized. In the near future, the market is relatively stable, and the price has been adjusted in a narrow range.

The market of adipic acid in South China continued to be stable. The quotation did not change much compared with that at the beginning of the week. The dealers gave up the profits to ship, the manufacturers had general inventory pressure, and the transaction was OK. Today’s market mainstream prices are: Shandong’s 8000-8300 yuan / ton acceptance price, Jiangsu’s 8100-8500 yuan / ton acceptance price, and the downstream is mainly just need procurement.

In the future, the adipic acid market will be slightly oversupplied in the near future. At present, the rise and fall of prices are mostly affected by the increase of local supply. In the overall situation, the market is still weak and stable, with greater upward pressure. The market is easy to fall but difficult to rise. The root cause is the weakness of demand, which may still maintain the weak market. We do not rule out the possibility that prices will continue to fall.