According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market continued to decline weakly in April, with prices hitting bottom and rebounding at the end of the month. Due to the significant decline in the previous period, prices fluctuated and fell overall, with a drop of over 4%. On April 1st, the average price of adipic acid in the domestic market was 7766 yuan/ton. On April 28th, the average price of adipic acid in the domestic market was 7416 yuan/ton, a decrease of 4.51% in price.

Negative led to weak rebound of adipic acid market in April
In the first half of the month, the price of adipic acid raw material pure benzene fluctuated upwards, while the market for cyclohexanone raw material fell weakly. The demand in the terminal industry was sluggish, and the operating rate of adipic acid market manufacturers was high. The supply pressure continued, and the shipment price fell weakly. The market transactions were average, and the sales were flat. The average market price of adipic acid has dropped to 7300-7400 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
After mid month, the pure benzene raw material for adipic acid fluctuated weakly, the cyclohexanone raw material market declined, and the demand in the terminal industry was poor. The supply of adipic acid market manufacturers was loose, and the shipping prices continued to fall. The market transactions declined, and the sales were average. As of April 23rd, the average market price of adipic acid has fallen to 7100-7300 yuan/ton, with an overall decrease of about 200-300 yuan/ton.
At the end of the month, the market for adipic acid continued to decline, and negative factors were exhausted. The adipic acid market rebounded, with prices rising by about 300 yuan/ton, an overall increase of about 3%.
An analyst from Shengyi Society believes that after the May Day holiday, there will be an improvement in terminal demand, a boost in raw material prices, and a continued upward trend in the domestic adipic acid market.