According to monitoring data from Business Society, since November 1st, the domestic adipic acid market has experienced a weak decline, with a drop of over 1%. On November 1st, the average market price of adipic acid was 8666 yuan/ton. On November 29th, the average market price of adipic acid was 8300 yuan/ton, a decrease of 1.23%.

Negative led to weak downward trend of adipic acid market in November

Since November, the domestic adipic acid market has remained weak and steadily declining. Mainly due to the weak rebound of the upstream raw material pure benzene market, insufficient driving force for the rise of cyclohexanone market, average cost support, and a decrease in terminal demand for adipic acid procurement. The supply pressure of adipic acid is suppressing, and multiple negative factors dominate. The adipic acid market continues to bottom out, weak and declining. The mainstream market price is 8200-8300 yuan/ton, and the market is steadily declining.

An analyst from Shengyi Society believes that in December, the raw material pure benzene market weakened, and the bearish trend still exists. The rise of adipic acid market is weak, and the downward trend is the main trend.