The Commodity Market Analysis System of Shengyi Society shows that after New Year’s Day, the price of adipic acid has steadily increased. At the beginning of the month, the average market price of adipic acid was 7133 yuan/ton. On January 22, the average market price of adipic acid was 7466 yuan/ton, with a price increase of 4.67%.
The raw material market is boosting, and the adipic acid market is steadily rising
After the New Year’s Day, the prices of pure benzene and cyclohexanone, raw materials for adipic acid, continued to rise, driven by the stocking market of terminal nylon. Manufacturers continuously raised the ex factory price of adipic acid, and market transactions improved. The market steadily rose, with an increase of nearly 5%. As of January 22, the average price of adipic acid in the domestic market is around 7500 yuan/ton, an increase of 300 yuan/ton.
An analyst from Shengyi Society believes that terminal manufacturers purchase according to demand, and the sustained upward momentum of the adipic acid market in the future is insufficient, which may lead to a weak decline.
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