On September 21, the beginning of the week, the domestic adipic acid prices were stable, and the prices of dealers in some regions rose slightly. The manufacturer’s quotation is mainly stable for the time being. The normal operating rate of the device is about 80%. The inventory pressure of the manufacturer is obvious. The market is in a state of oversupply, and the downstream demand is relatively weak. At present, adipic acid is still at the off-season level. At the cost end, pure benzene has continued to maintain a stable trend since late September, and slightly decreased in the last week, with an amplitude of – 0.59%. After the upward market of pure benzene in August, the current high price declines, and the support for the downstream adipic acid is insufficient.

In terms of local markets:

The market of adipic acid in East China is mainly stable, and the prices of some dealers are slightly higher, with the range of about 100 yuan, and the market inquiry is acceptable. The downstream demand is relatively weak. Most dealers follow the market and make profits. Manufacturers’ inventory pressure is general and the transaction is cold. The mainstream prices in today’s market are: 6500-6700 yuan / ton acceptance price of Shandong source, 6600-6800 yuan / ton of Jiangsu source acceptance price. Most of the downstream suppliers mainly purchase on rigid demand.

The market of adipic acid in South China is stable with little change in quotation. Dealers still make profits. Manufacturers’ inventory pressure remains and the transaction is fair. The mainstream prices in today’s market are: 6500-6800 yuan / ton acceptance price of Shandong provenance, 6600-6900 yuan / ton of Jiangsu source acceptance price. The downstream is mainly rigid demand procurement.

From the perspective of adipic acid fundamentals this week, the contradiction between supply and demand is still quite prominent. At present, the price rise and fall are mostly affected by local supply. Overall, the market is still weak and stable, trapped by supply pressure and weak demand, which may still maintain a weak market. Price rise and fall powerless, do not rule out the possibility that prices continue to fall.