Adipic acid market trend chart

According to the business club’s big list data, this week (7.20-24), the domestic adipic acid market weak adjustment, some regional prices fell slightly. According to the data monitored by the business agency, adipic acid in East China fell slightly, by only 2.07%. The market demand was sluggish, and the market supply pressure was still under pressure. Most dealers kept their prices mainly low and delivered goods at a profit. Most manufacturers still looked down on the future market and gave priority to stock operation. According to the monitoring of the society, the current quotation range of adipic acid market is 6500-6700 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers this week was flat compared with that of last week, at present, more than 80% of them are at present. The market supply performance is sufficient, and the inventory pressure of manufacturers is still not improved. Dealers usually take delivery of goods normally, and centralized purchasing behavior is not in the off-season market. Some dealers purchase according to the order and light the inventory operation. Generally speaking, the pressure of enterprise inventory and market inventory is relatively large. In terms of cost, the upstream crude oil price continued to fluctuate in an interval and remained relatively high. Pure benzene rose slightly this week by 1.59%, but it is still at a relatively low level (as shown in the figure below). On the contrary, the rising cost has squeezed the profit space of downstream. At present, the main contradiction in the market is that the downstream demand has not fundamentally improved, and adipic acid is squeezed from both upstream and downstream, resulting in the gradual decline of enterprise profits.

Market trend of pure benzene

From the terminal demand point of view, the downstream demand has little change compared with last week, and is still in the off-season level. The operating rate of downstream factories has not significantly increased, and the overall consumption level of plastic products has not increased significantly, which is difficult to boost the market of upstream raw materials. In addition, affected by the epidemic situation this year, the sales volume of polyurethane and other thermal insulation materials is also lower than that of the same period last year. In addition, PA66 and other downstream products did not get out of the predicament, and the price was still hovering at a low level. This week, the price fluctuated in a narrow range and rose by 0.27%. As a result, adipic acid demand is difficult to fundamentally change, inventory is difficult to digest, manufacturers have a lot of pressure, dealers generally follow the market and purchase on demand. In addition, in addition to the weak domestic demand, external demand has also worsened. Especially affected by the overseas epidemic, the external demand has decreased, and the export pressure of adipic acid has continued to increase. It is not ruled out that the inventory will continue to rise in the future.

In the later stage, it seems that the upstream lacks favorable support, the supply is loose, and the market price is squeezed by cheap goods. The downstream market will remain weak due to the weak domestic demand and the shrinking of foreign demand orders caused by the severe overseas epidemic situation.