According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market continued to weaken in October, mainly oscillating and falling. On October 1st, the average price of adipic acid in the domestic market was 7383 yuan/ton. On October 27th, the average price of adipic acid in the domestic market was 6966 yuan/ton, a decrease of 3.24% in price.

Negative pressure on adipic acid market continues to bottom out in October
Since the National Day holiday, the prices of cyclohexanone and pure benzene raw materials for adipic acid have been weak and declining. The demand for terminal rigidity is sluggish, and the transaction volume in the adipic acid market is average. Manufacturers have lowered their ex factory prices one after another, and the adipic acid market continues to decline. As of October 14th, the price has fallen to 7033 yuan/ton, with a price drop of nearly 3%. The combination of negative factors has led to a continuous bottoming out of the adipic acid market.
In mid month, the supply of adipic acid remained loose, with limited support from raw materials, and the adipic acid market continued to decline. The mainstream market price in Shandong is around 7000 yuan/ton, while the mainstream market price in Jiangsu is 6800 yuan/ton. The average price in the domestic market has dropped to 7000 yuan/ton, a decrease of 200 yuan/ton, and the decline is approaching 3%.
At the end of the month, supply pressure continued, and the raw material market declined. The adipic acid market continued to operate weakly, and the downward trend slowed down slightly. The domestic market quotation for adipic acid continues to be around 6900 yuan/ton, with a decline of over 3%.
An analyst from Shengyi Society believes that as we enter November and end demand increases, the market for adipic acid may stop falling and rise in the future.