According to the Commodity Market Analysis System of Shengyi Society, after mid January, the bullish factors still exist, and the domestic adipic acid market continues to rise, with an increase of over 2%. On January 15th, the average market price of adipic acid was 8200 yuan/ton. On January 22nd, the average market price of adipic acid in China was 8366 yuan/ton, an increase of 2.03%.

Lido supports domestic adipic acid market to continue rising

After mid January, the prices of adipic acid raw materials such as pure benzene and cyclohexanone continued to rise, driven by the stocking market in the terminal plastic industry. Major adipic acid manufacturers raised their factory prices, and the domestic adipic acid market continued to recover, with prices continuously increasing. The average market price rose to 8300-8600 yuan/ton, an overall increase of 200 yuan/ton.

An analyst from Shengyi Society believes that after the Spring Festival, the rise in raw material prices will be weak, and the supply of adipic acid will be loose, which will continue to put pressure on the future market.