According to the Commodity Market Analysis System of Shengyi Society, the domestic adipic acid market weakened in March, with an overall price drop of over 7%. On March 1st, the average price of adipic acid in the domestic market was 8366 yuan/ton. On March 26th, the average price of adipic acid in the domestic market was 7766 yuan/ton, a decrease of 7.17% in price.

Negative leads to overall decline in adipic acid market in March

At the beginning of the month, the market for pure benzene and cyclohexanone raw materials for adipic acid continued to weaken, with sluggish demand in the terminal industry. The supply of adipic acid in the market was loose, and the shipping prices continued to decline. The market trading volume was average, and the sales were poor. The average market price of adipic acid has dropped to 7750-8100 yuan/ton, with an overall decrease of 100-200 yuan/ton.

In the middle of the month, the market for pure benzene and cyclohexanone raw materials for adipic acid saw an increase in decline, resulting in poor terminal demand and continued supply pressure in the adipic acid market, leading to a significant price drop. The average market price of adipic acid has dropped to 7700 yuan/ton.

At the end of the month, the prices of raw materials pure benzene and cyclohexanone tended to stabilize, and terminal demand remained stable. The market price of adipic acid remained stable, with no fluctuations, and the average market price remained at 7700 yuan/ton.

An analyst from Shengyi Society believes that in April, terminal demand may improve, supported by the raw material market, and the domestic adipic acid market may stop falling and rise.