According to monitoring data from Business Society, since December 17th, the domestic adipic acid market has continued to decline weakly, with a drop of over 2%. On December 17th, the average market price of adipic acid was 8300 yuan/ton. On December 26th, the average market price of adipic acid was 8133 yuan/ton, a decrease of 2.01%.

Poor demand for adipic acid leads to a weak and declining market

After December 17th, the domestic adipic acid market continued to weaken. The main reason is that the upstream raw material pure benzene and cyclohexanone have poor market conditions, with limited cost boosting effect, and the terminal demand for adipic acid procurement is average. Due to the ongoing supply pressure in the adipic acid market and the dominance of negative factors, the adipic acid market continues to weaken, with mainstream market prices ranging from 8100-8200 yuan/ton, indicating a weak and stable trend.

The analyst of Business Society’s adipic acid believes that the bearish trend is dominant, and in the short term, the rise of adipic acid market is still weak.