1、 Price trend
Adipic acid market trend chart
According to the data of the business club’s bulk list, this week (12.16-20), the domestic adipic acid market did not change much, maintaining a narrow adjustment pattern, and maintaining the price level of last week. As of last weekend, the mainstream price was generally 7800-8000 yuan / ton.
2、 Analysis and comment
| barium chloride 99% |
This week, the market situation of adipic acid has stabilized, and the prices in most regions have not changed much. From the basic point of view, loose supply and weak demand are still the main factors that hinder adipic acid to get out of the weak situation, and the benefits of cost have not been transmitted in time. At present, the downstream demand for adipic acid has not improved. In addition, the social inventory pressure has not been alleviated. The market has not reversed the upward momentum. The enterprise inventory and market inventory are still at a high level. This is the main reason why the price of adipic acid has not rebounded. In terms of region: the prices in East China and South China are still low, and some dealers are slightly weak, but the range is limited to 50-100 yuan / ton. The market atmosphere is a little cold, dealers actively give priority to profit delivery, and the market maintains a weak and volatile pattern. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, on the upstream cost side, although pure benzene has ended the downward shock pattern, the rebound rate of this month is 8% as of December 20, but the conduction effect of cost is lagging behind, which does not bring much positive effect to the adipic acid market. It is expected that the price of adipic acid will follow up at the end of the month due to the rise of cost side.
Trend chart of pure benzene Market
First of all, from the perspective of supply side, the overall supply pressure of the market is still large, the inventory of manufacturers and the market is still high, and the pressure of dealers is large, which is largely affected by the downturn of downstream purchase orders. In the early stage of adipic acid rise, dealers have accumulated a large number of sources of goods, and the inventory pressure is large. In addition, the main reason why adipic acid price didn’t go out of the weak market is that the plant operating rate is high, the export market is depressed and the supply pressure is too high.
PA66 market trend chart
| barium chloride |
In terms of demand, year ago, the downstream procurement was not strong, and most of the procurement was on demand, and the enthusiasm for stocking was not high. In December, the nylon 66 market was depressed, and the downstream operating rate continued to decline, basically below 50%, which did not form a strong boost to the upstream adipic acid. According to the monitoring of the health news agency, the downstream PA66 of adipic acid has continued to decline since September. This month, the market trend was stable Weekly prices fell slightly, with a range of – 0.16% (as shown in the figure above). PA66′s recent market still hasn’t improved. The downturn in the downstream market of adipic acid is the decisive factor that makes it difficult for adipic acid to get out of the dilemma.
3、 Future forecast
Adipic acid analysts from the chemical branch of business society think that adipic acid will remain stable years ago. In the middle and later stages, it is unlikely that the price will reverse. On the one hand, we should pay attention to the effect of market de stocking, on the other hand, we should pay attention to whether the downstream demand can follow up. But in the near future, because the upstream pure benzene price has risen, with the cost effect transmitted to the terminal, adipic acid may appear small The market rebounded.
| http://www.gamma-pga.top |