According to monitoring data from Business Society, the domestic adipic acid market has been continuously rising since December, with an overall increase. On December 1st, the average market price of adipic acid was 8300 yuan/ton, and on December 6th, the average market price of adipic acid was 8500 yuan/ton, an increase of 2.41%.

Cost increases, domestic adipic acid market continues to rise

At the beginning of December, the domestic adipic acid market continued to rise. Mainly due to the rising prices of upstream raw materials such as pure benzene and cyclohexanone, the cost has increased, and the demand for purchasing adipic acid from end-users has increased. With the strong bullish sentiment of adipic acid manufacturers and multiple bullish factors supporting it, the adipic acid market continues to rise, with prices rising. The mainstream market price is 8500-8600 yuan/ton, and the market is recovering.

An analyst from Shengyi Society believes that the supply of adipic acid is still loose, and in the short term, there is insufficient momentum for the sustained rise of the adipic acid market.