First, the price trend

According to data from the business community’s big list, this week’s domestic adipic acid market rose, dealers’ offers rose slightly, this week’s increase was 2.43%. At the beginning of the week, the average foreign exchange price of adipic acid was around 9550 yuan/ton. To 9800 yuan / ton.

Second, analysis and review

This week, the domestic adipic acid market continued to rise last week. Some manufacturers raised their prices by 300 yuan/ton. The market stabilized and rebounded. The North China, East China and South China dealers’ prices rebounded by 200-300 yuan/ton. Up and down, dealer inventory still showed some pressure, and the shipment strength remained at a low level. There was some room for negotiation in the real market. In terms of supply and demand, the supply is relatively stable, the inventory of the manufacturers remains at the median level, and the dealers have sufficient supply. In terms of demand, the downstream demand has not changed much, and the increase has not been significantly improved. The operating rate of PA66 manufacturers has improved compared with the previous period, but the operating rate is basically 5-6%, and the upstream adipic acid has not formed a strong boost. However, the current contradiction between supply and demand has a tendency to ease. It is expected that with the strengthening of market shipments, market inventories will be further degraded, but manufacturers and market prices will gradually appear, dealers’ profits will be compressed, and there will be some pressure on low-cost shipments. As of now, the reference price of the Shandong source market is about 9600-9900 yuan / ton, and the general price in South China is 9800-10200 yuan / ton.

Third, the market outlook

Adipic acid analyst of the business division chemical industry believes that the current market rebounds, dealers are still able to maintain shipments, maintaining the previous level, the market is still in the inventory cycle, the supply of manufacturers is sufficient, but the contradiction between supply and demand has not improved much, so it continues to rise later. The motivation is not enough.