According to the Commodity Market Analysis System of Shengyi Society, in early April, the domestic adipic acid market fell and weakened. On April 1st, the average price of adipic acid in the domestic market was 7766 yuan/ton. On April 8th, the average price of adipic acid in the domestic market was 7700 yuan/ton, a decrease of 0.86% in price.
Supply pressure remains weak and the adipic acid market is declining
Since April, the market for pure benzene and cyclohexanone raw materials for adipic acid has weakened, resulting in poor demand in the terminal industry. The supply pressure in the adipic acid market has doubled, and shipping prices have remained weak and stable. Market transactions have been flat, and sales have been average. The average market price of adipic acid has fallen to 7600-7700 yuan/ton, with an overall decrease of about 50 yuan/ton.
An analyst from Shengyi Society believes that in mid April, the raw material market may see an improvement, supply pressure will ease, and the domestic adipic acid market may experience a rebound.
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