Bearish Factors Persist, Adipic Acid Prices in China Decline

October 14, News

According to the commodity market analysis system: After the National Day holiday, bearish factors persist, and China's adipic acid market continues its downward trend. On October 1, the average market price of adipic acid was 7,200 CNY per ton; by October 14, the average price had dropped to 7,033 CNY per ton, reflecting a decline of 2.31%.

Bearish factors persist, and the Chinese adipic acid market continues to decline steadily.

Since National Day, the market for adipic acid raw material cyclohexanone and pure benzene has been weakly declining. Downstream rigid demand remains sluggish, leading to moderate trading activity in the adipic acid market. As a result, manufacturers have widely lowered their factory prices, causing the overall downward trend in adipic acid pricing. By October 14, prices had dropped to 7,033 CNY per ton, marking a decline of nearly 3%. Combined with negative market factors, the adipic acid market continues to hit new lows.

The analyst of adipic acid believes: In mid-October, the rigid demand from terminal industries has declined, and the raw material market is sluggish, leading to a continued weak and volatile trend in the adipic acid market.