According to the Commodity Market Analysis System of Shengyi Society, since mid August, the bearish trend has persisted, with the domestic adipic acid market weakening and mainly experiencing a decline. On August 15th, the average market price of adipic acid was 7316 yuan/ton. On August 19th, the average market price of adipic acid in China was 7283 yuan/ton, a decrease of 0.46%.

Negative led domestic adipic acid market weakens
In mid August, the prices of pure benzene and cyclohexanone raw materials for adipic acid were weak and fell, and the demand for terminal rigidity was sluggish. The domestic adipic acid market had average transactions, but the sales were still acceptable. The quotations of adipic acid production enterprises are relatively stable, while the overall quotations of traders have mainly declined. The market is running weakly, and as of August 19th, the price has fallen to 7200 yuan/ton, a decrease of nearly 0.5%.
An analyst from Shengyi Society believes that by the end of August, the overall demand in the terminal industry was sluggish, and the raw material market was weak and declining. The market for adipic acid will continue to be weak and declining in the future.