Negative Factors Suppress Adipic Acid Market Decline

September 05, News

According to the commodity market analysis system: At the beginning of September, bearish factors led to a decline in the Chinese adipic acid market. On September 1st, the average market price of adipic acid was 7,383 CNY/ton. By September 4th, the average market price of adipic acid in China had fallen to 7,366 CNY/ton, a decrease of 0.23%.

Bearish pressure causes adipic acid prices in China to fall.

In early September, the prices of raw materials for adipic acid, such as pure benzene and cyclohexanone, declined. The rigid demand from the end market weakened, leading to a slight decrease in the price of adipic acid, which fell to 7,300 CNY per ton. With multiple negative factors at play, the market for adipic acid continued to weaken.

Adipic acid analysts believe that by mid-September, the rigid demand from end-user industries in China is poor, and the boosting effect of raw material prices is limited. Therefore, the adipic acid market in China is expected to weaken further.