On the 7th, the domestic adipic acid market price stabilized, and the price after the festival changed little compared with that before the festival. The price of upstream pure benzene stabilized, which brought some support to adipic acid. Supply and demand remained basically balanced, and the operating rate remained above 70%, but the demand was relatively low.

The adipic acid Market in East China is weak and stable, the market supply pressure is gradually emerging, and manufacturers mainly reduce inventory. The dealer’s offer is mainly low, and the market transaction is in the doldrums. The price of pure benzene fell and its support for adipic acid weakened. The downstream procurement is rational, and the demand is not large for the time being. The mainstream prices in today’s market are: the acceptance price of Shandong source of goods is 12500-12700 yuan / ton, and the acceptance price of Jiangsu source of goods is 12700-12900 yuan / ton.

Adipic acid Market in South China remained stable. At present, the market demand maintains rigid demand, and the market transaction is sluggish. This week, the manufacturer’s listing is temporarily stable, and the downstream procurement is just needed. Today, the mainstream price in the market is: the acceptance price of Shandong source of goods is 12700-12800 yuan / ton, and the acceptance price of Jiangsu source of goods is 12800-13000 yuan / ton.

Future forecast: adipic acid market is expected to be dominated by narrow adjustment in the near future.