According to monitoring data from Business Society, the overall domestic adipic acid market has declined this week, with a drop of over 1%. On November 25th, the average market price of adipic acid was 8400 yuan/ton. On November 28th, the average market price of adipic acid was 8300 yuan/ton, a decrease of 1.19%.
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Negative leads to weak decline in adipic acid market
This week, the domestic adipic acid market continued to decline weakly. Mainly due to the lack of upward momentum in the cyclohexanone market caused by the upstream raw material pure benzene, and the sluggish demand for adipic acid procurement from end-users. In addition, the supply pressure of adipic acid has doubled, and negative factors have suppressed it. The weak downward trend of adipic acid market is the main reason, and the mainstream market price is 8200-8300 yuan/ton, with a weak downward trend.
An analyst from Shengyi Society believes that in December, the bearish sentiment remains, and the adipic acid market will continue to weaken.
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