According to the Commodity Market Analysis System of Shengyi Society, in early July, the main bearish trend was the weak downward trend in the domestic adipic acid market. On July 1st, the average market price of adipic acid was 7366 yuan/ton. On July 15th, the average market price of adipic acid in China was 7133 yuan/ton, a decrease of 3.17%.
Negative main trend: domestic adipic acid market declines
At the beginning of July, the prices of pure benzene and cyclohexanone raw materials for adipic acid fell weakly, and the demand for terminal plastics industry was sluggish, resulting in an overall decline in prices for adipic acid manufacturers. The domestic adipic acid market has average transactions and a weak market. As of July 11th, the average market price of adipic acid has fallen to around 7133 yuan/ton, with an overall decline of over 3%. Starting from July 12th, the market for adipic acid has gradually stabilized, with the price remaining at 7100 yuan/ton without any fluctuations. In early July, the trend of adipic acid was mainly weak.
An analyst from Shengyi Society believes that in late July, the rigid demand in the terminal industry was poor, and the boost to the raw material market was limited. Therefore, the market for adipic acid will continue to weaken in the future.
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