According to the Commodity Market Analysis System of Shengyi Society, in the first half of January, the domestic adipic acid market saw an improvement, with prices rising. At the beginning of the month, the average market price of adipic acid was 8100 yuan/ton. On January 15th, the average market price of adipic acid was 8166 yuan/ton, with a price increase of 0.82%.

Raw materials rise, adipic acid market rebounds

After the New Year’s Day, the prices of raw materials such as pure benzene and cyclohexanone have risen one after another, and the prices of adipic acid manufacturers have been raised, boosting terminal demand. The transaction volume of adipic acid market has improved, and the market continues to rebound. The average price of adipic acid in the domestic market has risen to 8100-8300 yuan/ton, an increase of nearly 1%.

The adipic acid analyst from Shengyi Society believes that due to limited increase in raw material prices and loose supply, the adipic acid market will continue to weaken in the future.