October Adipic Acid Market Weakens and Falls

October 27 News

According to the commodity market analysis system, the adipic acid market in China continued to weaken in October, with a predominant trend of oscillating decline. On October 1, the average market price of adipic acid in China was 7,383 CNY/ton, and on October 27, it was 6,966 CNY/ton, representing a price decrease of 3.24%.

Bearish pressure continues to push adipic acid prices to new lows in October in China.

Since National Day, the market for cyclohexanone and pure benzene—key raw materials for adipic acid—has been weakening and 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 trend of adipic acid prices to continue its downward trajectory. 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.

In mid-month, adipic acid supply remained ample, with limited support from raw materials, leading to continued declines in market prices. In the Shandong region, the mainstream market quotation hovered around 7,000 CNY per ton, while in Jiangsu, it stood at approximately 6,800 CNY per ton. Meanwhile, the average price across China dropped to 7,000 CNY per ton—a decrease of 200 CNY per ton, representing a price decline approaching 3%.

At the end of the month, supply pressure continued, and raw material prices declined. The adipic acid market remained weak, although the downward trend slowed somewhat. The Chinese adipic acid market price remained around 6,900 CNY/ton, with a price decrease of over 3%.

The adipic acid analyst believes that with terminal demand picking up in November, the market for adipic acid is likely to stop its decline and start trending upward.