According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market experienced a weak decline in early March. On March 1st, the average market price of adipic acid was 8366 yuan/ton. On March 6th, the average market price of adipic acid in China was 8233 yuan/ton, a decrease of 1.59%.
Loose supply leads to weak decline in domestic adipic acid market
In early March, the market for pure benzene and cyclohexanone raw materials for adipic acid continued to weaken, with sluggish demand in the terminal industry. The supply of adipic acid in the market was loose, and the prices of adipic acid manufacturers and traders continued to decline. The market transaction volume was average, and the sales were poor. The average market price of adipic acid has dropped to 7750-8100 yuan/ton, with an overall decrease of 100-200 yuan/ton.
An analyst from Shengyi Society believes that in mid March, due to poor demand in the terminal industry and a weak decline in raw material prices, the adipic acid market will continue to decline in the future.
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