According to the Commodity Market Analysis System of Shengyi Society, multiple negative factors remained in early November, and the domestic adipic acid market declined. On November 1st, the average market price of adipic acid was 6966 yuan/ton. On November 5th, the average market price of adipic acid in China was 6933 yuan/ton, a decrease of 0.48%.
Negative pressure, domestic adipic acid market declines
At the beginning of November, the market for cyclohexanone, a raw material for adipic acid, and pure benzene raw materials was weak. The demand for terminal rigidity is poor, and the transaction volume in the adipic acid market is average. The ex factory price of manufacturers has fallen, and the adipic acid market continues to weaken. As of November 5th, the mainstream market price in Shandong is around 6900 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market has dropped to 6900 yuan/ton, a decrease of 100 yuan/ton.
An analyst from Shengyi Society believes that in mid November, the rigid demand in the terminal industry declined, the raw material market weakened, and the adipic acid market showed weak upward momentum in the future.
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