Adipic acid market trend chart
According to the business agency, domestic adipic acid prices rose by 11 per cent last week (7.5-7.9). After the weak market in June, adipic acid price started to rise in early July. At present, the price is stable at 11000 yuan. The market rise is mainly due to the sharp increase of the price of pure benzene in the upstream of adipic acid, which leads to the passive follow-up in the downstream. The influence of the increase of listing price at the beginning of the month by the manufacturer is superimposed. Adipic acid has risen sharply. At present, the adipic acid price range is 10800-11100 yuan / ton.
From the perspective of market supply, adipic acid starts at a normal low level, and the manufacturer has a general inventory pressure. Some enterprises’ maintenance has led to the release of supply pressure. At the beginning of the month, the manufacturers raised the listing price intensively, which led to the passive follow-up of the market, and some dealers have no goods in their hands. The price shows signs of empty rise and high price. Some dealers offer more than 11500, but the high price has not been closed, and the demand is reflected, With the market entering the off-season, the speed of goods taking has decreased significantly. Dealers see that the downstream goods are cautious. After the price rise, the market reaction is more light, and the main reason for the price increase is cost promotion.
Trend chart of pure benzene Market
In terms of cost, pure benzene has been rising since mid June, although it has dropped slightly in recent days, but by the end of July 9th, the increase is still over 13%. The increase in cost has gradually been transmitted to the downstream adipic acid, and the purchasing pressure of manufacturers has forced the enterprises to focus on price adjustment, driving up the market of adipic acid.
PA66 market trend chart
In terms of downstream demand, from the downstream PA66 of adipic acid, PA66 has been in a slump since the second quarter. After entering July, the travel situation eased slightly, and the decline was stabilized and slightly increased. This is slightly supported by adipic acid upstream. According to the monitoring of business agency, PA66 rose 0.52% month by July 9. The impact of weak downstream demand on adipic acid was obvious.
In the later stage, the business agency believes that adipic acid is currently at a high level and continues to have a lot of upward resistance. The main reason is that downstream demand has not changed, and in recent days, the price of pure benzene in the upstream has a sign of falling, and it can release some pressure from cost. It is expected that the market will remain stable in the near future.
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