According to the Commodity Market Analysis System of Shengyi Society, in mid May, favorable factors hit, and the domestic adipic acid market rebounded, with a two-day increase of over 2%. Due to the significant decline in the previous period, the overall increase was close to 1%. On May 9th, the average market price of adipic acid was 7166 yuan/ton. On May 15th, the average market price of adipic acid in China was 7233 yuan/ton, an increase of 0.93%.
Cost support: Domestic adipic acid market continues to rise
In mid May, the prices of pure benzene and cyclohexanone raw materials for adipic acid rose one after another, leading to improved demand in the end plastic industry and continuous price increases for adipic acid manufacturers. The domestic adipic acid market has seen an improvement in transactions and a rebound in the market. As of May 15th, the average market price of adipic acid has fallen to 7100-7400 yuan/ton, with an overall increase of 100-200 yuan/ton.
An analyst from Shengyi Society believes that by the end of May, with the support of rigid demand in the terminal industry and an upward trend in raw material prices, the market for adipic acid will continue to fluctuate and rise in the future.
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