According to the monitoring of business agency, in the first half of May, the domestic adipic acid price continued to fall, continuing the trend of April. From May to now, the price is still in the downward channel, which is mainly due to the increase of adipic acid supply pressure, relatively weak demand, and the price losing support and gradually falling. According to the business agency, adipic acid in East China fell 5.12% from the beginning of May to 14th, and the current adipic acid price range is 11200-11500 yuan / ton.

From the market supply point of view, adipic acid kept a high level of commencement rate in May, the manufacturer had a large inventory pressure, and the price reduction was the main factor. With the market entering the off-season, the speed of goods taking decreased significantly. Dealers see that in early days, in February and March, when the market price was high, dealers hoarded a large number of goods. In April and may, the market fell, and inventory clearing was the main problem, further forcing enterprises to reduce prices and deliver goods.

Trend chart of pure benzene Market

In terms of cost, pure benzene and adipic acid have gone out of a different trend in May. Since April, the two have deviated. According to the monitoring of business society, the monthly increase of pure benzene was 11% by May 17, but the cost did not lead to the recovery of adipic acid price. On the one hand, the profits of adipic acid manufacturers are still in a reasonable range; More importantly, the main reason why adipic acid is difficult to get rid of the predicament is the low demand downstream.

PA66 market trend chart

In terms of downstream demand, from the downstream PA66 of adipic acid, PA66 has been in a slump since April, and the market has fallen. According to the monitoring of the business agency, PA66 market has not improved. As of March 17, PA66 fell 0.65% in the month. Polyurethane can explain the problem. Since March, the price has fallen by more than 35%, and the finished area of terminal real estate is not as expected, The demand in the field of thermal insulation materials is relatively weak, and the lack of downstream demand has a significant impact on adipic acid.

In the later stage, the business agency believes that the pressure on adipic acid supply is still strong, the market is still in the inventory period, and the price is easy to fall and difficult to rise. In addition, the price of adipic acid rose sharply in the first quarter, with a false high market and a callback demand. In the later period, the supply pressure of the market is difficult to alleviate in a short time, and the demand is still difficult to turn. Adipic acid is expected to continue to adjust, and the possibility of the interval moving down is not excluded.