SunSirs: On March 8th, the Price of Adipic Acid in East China Operated Weakly

https://www.chemnet.com   Mar 11,2024 SunSirs

Price trend

On March 8th, the performance of adipic acid in the East China region was weak, and the price decreased by 100-200 RMB/ton compared to the beginning of the week.

Analysis review

Distributors tended to follow the market and prioritized low quotations for shipments. The price of raw material pure benzene had been sluggish, and the cost performance was weak. As of March 8th, the pressure on supply and demand was average, and manufacturers were still in the process of reducing inventory. Downstream pre holiday stocking wss still ongoing, and supply and demand remained stable. On March 8th, the mainstream market prices were: 9,850-9,900 RMB/ton for Shandong sources and 9,900-9,950 RMB/ton for Jiangsu sources.

Market outlook

SunSirs predicts that in the short term, there will still be pressure on the supply and demand of adipic acid, and the operating rate of enterprises is relatively high. It is expected that the price of adipic acid will continue to be weak in the near future, and it is not ruled out that the price may continue to decline.

 Print  |    add to Favorites  |    Close