Raw Material Prices Boost Adipic Acid Prices in China

January 22nd, according to the news

Commodity market analysis system shows: After the New Year's Day, the adipic acid market in China has steadily risen. At the beginning of the month, the average price of adipic acid in the Chinese market was 7,133 CNY per ton. On January 22, the average price of adipic acid in the Chinese market was 7,466 CNY per ton, with a price increase of 4.67%.

Raw material market boosts, adipic acid market steadily rises in China.

After New Year's Day, the prices of raw materials for adipic acid, such as pure benzene and cyclohexanone, have been continuously rising. The demand for nylon inventory has driven the manufacturers to continuously increase the factory price of adipic acid, leading to improved market transactions and a steady rise in prices, with an increase of nearly 5%. As of January 22, the average market price of adipic acid in China was around 7,500 CNY per ton, with an increase of 300 CNY per ton.

Adipic acid analysts believe: End-users are purchasing according to demand, and the momentum for a continued rise in the adipic acid market is insufficient. It may weaken and decline.