According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market continued to weaken in November, with a continuous decline. On November 1st, the average price of adipic acid in the domestic market was 6966 yuan/ton. On November 26th, the average price of adipic acid in the domestic market was 6733 yuan/ton, a decrease of 3.35% in price.

Negative sentiment still persists in November, as the adipic acid market continues to fluctuate and decline
At the beginning of the month and the beginning of November, the market for cyclohexanone, a raw material for adipic acid, and pure benzene raw materials was weak. The demand for terminal rigidity is poor, and the transaction volume in the adipic acid market is average. The ex factory price of manufacturers has fallen, and the adipic acid market continues to weaken. As of November 10th, the mainstream market price in Shandong is around 6866 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market has dropped to 6900 yuan/ton, a decrease of 100 yuan/ton.
In mid month, the market for cyclohexanone and pure benzene raw materials for adipic acid continued to weaken. The demand for terminal rigidity is sluggish, and the market for adipic acid is flat, with manufacturers mainly lowering their ex factory prices. As of November 20th, the mainstream market price in Shandong is around 6766 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market has fallen to around 6800 yuan/ton, a decrease of over 1%.
At the end of the month, the market boost for cyclohexanone and pure benzene raw materials for adipic acid was limited. The demand for terminal rigidity has declined, and the transaction volume of adipic acid market has decreased. The ex factory prices of manufacturers continue to decline, and the adipic acid market has gradually bottomed out. As of November 26th, the mainstream market price in Shandong is around 6800 yuan/ton, and the mainstream market price in Jiangsu is 6700 yuan/ton. The average price in the domestic market has dropped to 6733 yuan/ton, with a price drop of 50 yuan/ton, slowing down the downward trend.
An analyst from Shengyi Society believes that as we enter December, terminal demand remains sluggish, and the market for adipic acid is expected to have weak upward momentum in the future.